BR100 Decreased By (-0.73%)
BR30 Decreased By (-0.77%)
KSE100 Decreased By (-0.49%)
KSE30 Decreased By (-0.47%)
BECO 5.77 Increased By ▲ 0.46 (8.66%)
BML 53.00 Increased By ▲ 1.42 (2.75%)
BOP 33.99 Increased By ▲ 0.03 (0.09%)
CNERGY 8.11 Decreased By ▼ -0.20 (-2.41%)
DCL 12.20 Increased By ▲ 0.40 (3.39%)
FCCL 52.83 Decreased By ▼ -0.17 (-0.32%)
FCSC 5.07 Increased By ▲ 0.12 (2.42%)
FFL 17.95 Decreased By ▼ -0.20 (-1.1%)
FNEL 1.29 Decreased By ▼ -0.03 (-2.27%)
HUMNL 10.88 Decreased By ▼ -0.12 (-1.09%)
KEL 8.02 Decreased By ▼ -0.12 (-1.47%)
KOSM 5.52 Decreased By ▼ -0.06 (-1.08%)
MLCF 86.51 Decreased By ▼ -1.37 (-1.56%)
NBP 185.16 Decreased By ▼ -2.53 (-1.35%)
PACE 10.58 Decreased By ▼ -0.23 (-2.13%)
PAEL 39.42 Decreased By ▼ -0.65 (-1.62%)
PIAHCLA 26.22 Decreased By ▼ -0.27 (-1.02%)
PIBTL 16.67 Decreased By ▼ -0.09 (-0.54%)
PPL 228.18 Decreased By ▼ -2.19 (-0.95%)
PRL 34.68 Decreased By ▼ -0.36 (-1.03%)
PTC 65.33 Increased By ▲ 0.82 (1.27%)
SEARL 90.13 Increased By ▲ 0.25 (0.28%)
SSGC 26.60 Decreased By ▼ -0.37 (-1.37%)
TELE 8.28 Decreased By ▼ -0.09 (-1.08%)
THCCL 58.50 Decreased By ▼ -0.58 (-0.98%)
TPLP 8.22 Increased By ▲ 0.04 (0.49%)
TREET 24.53 Decreased By ▼ -0.47 (-1.88%)
TRG 69.71 Decreased By ▼ -0.92 (-1.3%)
WAVES 9.94 Decreased By ▼ -0.07 (-0.7%)
WTL 1.28 Decreased By ▼ -0.01 (-0.78%)

KARACHI: Jamaat-e-Islami on Friday rejected the Sindh budget for the next financial year, saying that the country's largest city failed to attract new uplift projects, despite paying 95 percent of tax revenues.

In reaction to the Sindh budget, Munem Zafar, JI Karachi Chief censured the ruling PPP for neglecting Karachi once again. Despite contributing 95 percent in tax revenues, the metropolis stands underdeveloped, he added.

"It is a matter of concern and sorrow that the PPP government failed to launch any new development project in the mega city," he said that the budget contains ambiguity in allocation of funds for the ongoing development schemes.

He proposed that the city's 60 percent revenues should be spared for the rehabilitation of its already deteriorated infrastructure. The budget ignores the K4 water supply and mass transit projects for Karachi, he added.

He called an allocation of mere Rs45 million for Karachi Circular Railway project a "joke" to the citizens of the metropolis, saying that the budget for the healthcare sector is also "insufficient".

Munem slammed the government for unclear budget figures for the education sector, saying that the allocation lacks details as how much portion will go for academic uplift.

He also questioned the government for its salaries increase policy as it augmented the public employees’ pay scale up to 30 percent but leaving private sector unattended in the budget.

He sought a procedure from the government as how it will ensure the provision of minimum wage for the labour class.

Disparity in taxation badly hurts the salaried class as the budget facilitates the feudal lords to pay less, he added.

Copyright Business Recorder, 2024

Comments

Comments are closed for this article.