AIRLINK 177.65 Decreased By ▼ -2.71 (-1.5%)
BOP 11.12 Decreased By ▼ -0.05 (-0.45%)
CNERGY 8.51 Decreased By ▼ -0.02 (-0.23%)
CPHL 95.80 Decreased By ▼ -4.61 (-4.59%)
FCCL 45.00 Decreased By ▼ -0.96 (-2.09%)
FFL 15.94 Increased By ▲ 0.13 (0.82%)
FLYNG 28.00 Increased By ▲ 0.11 (0.39%)
HUBC 141.90 Decreased By ▼ -0.57 (-0.4%)
HUMNL 12.95 Decreased By ▼ -0.06 (-0.46%)
KEL 4.44 Decreased By ▼ -0.08 (-1.77%)
KOSM 5.90 Increased By ▲ 0.06 (1.03%)
MLCF 61.00 Decreased By ▼ -0.90 (-1.45%)
OGDC 212.30 Decreased By ▼ -2.02 (-0.94%)
PACE 5.75 Decreased By ▼ -0.17 (-2.87%)
PAEL 46.55 Decreased By ▼ -0.28 (-0.6%)
PIAHCLA 17.51 Decreased By ▼ -0.33 (-1.85%)
PIBTL 10.52 Decreased By ▼ -0.10 (-0.94%)
POWER 12.00 Decreased By ▼ -0.17 (-1.4%)
PPL 170.00 Decreased By ▼ -2.71 (-1.57%)
PRL 34.51 Decreased By ▼ -1.51 (-4.19%)
PTC 22.84 Decreased By ▼ -0.42 (-1.81%)
SEARL 93.80 Decreased By ▼ -2.26 (-2.35%)
SSGC 40.19 Decreased By ▼ -1.15 (-2.78%)
SYM 14.30 Decreased By ▼ -0.14 (-0.97%)
TELE 7.36 Decreased By ▼ -0.02 (-0.27%)
TPLP 10.10 Increased By ▲ 0.02 (0.2%)
TRG 66.00 Decreased By ▼ -1.90 (-2.8%)
WAVESAPP 10.35 Increased By ▲ 0.35 (3.5%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.80 Decreased By ▼ -0.01 (-0.26%)
AIRLINK 177.65 Decreased By ▼ -2.71 (-1.5%)
BOP 11.12 Decreased By ▼ -0.05 (-0.45%)
CNERGY 8.51 Decreased By ▼ -0.02 (-0.23%)
CPHL 95.80 Decreased By ▼ -4.61 (-4.59%)
FCCL 45.00 Decreased By ▼ -0.96 (-2.09%)
FFL 15.94 Increased By ▲ 0.13 (0.82%)
FLYNG 28.00 Increased By ▲ 0.11 (0.39%)
HUBC 141.90 Decreased By ▼ -0.57 (-0.4%)
HUMNL 12.95 Decreased By ▼ -0.06 (-0.46%)
KEL 4.44 Decreased By ▼ -0.08 (-1.77%)
KOSM 5.90 Increased By ▲ 0.06 (1.03%)
MLCF 61.00 Decreased By ▼ -0.90 (-1.45%)
OGDC 212.30 Decreased By ▼ -2.02 (-0.94%)
PACE 5.75 Decreased By ▼ -0.17 (-2.87%)
PAEL 46.55 Decreased By ▼ -0.28 (-0.6%)
PIAHCLA 17.51 Decreased By ▼ -0.33 (-1.85%)
PIBTL 10.52 Decreased By ▼ -0.10 (-0.94%)
POWER 12.00 Decreased By ▼ -0.17 (-1.4%)
PPL 170.00 Decreased By ▼ -2.71 (-1.57%)
PRL 34.51 Decreased By ▼ -1.51 (-4.19%)
PTC 22.84 Decreased By ▼ -0.42 (-1.81%)
SEARL 93.80 Decreased By ▼ -2.26 (-2.35%)
SSGC 40.19 Decreased By ▼ -1.15 (-2.78%)
SYM 14.30 Decreased By ▼ -0.14 (-0.97%)
TELE 7.36 Decreased By ▼ -0.02 (-0.27%)
TPLP 10.10 Increased By ▲ 0.02 (0.2%)
TRG 66.00 Decreased By ▼ -1.90 (-2.8%)
WAVESAPP 10.35 Increased By ▲ 0.35 (3.5%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.80 Decreased By ▼ -0.01 (-0.26%)
BR100 12,435 Decreased By -45.7 (-0.37%)
BR30 37,636 Decreased By -371.5 (-0.98%)
KSE100 116,319 Decreased By -456.1 (-0.39%)
KSE30 35,701 Decreased By -148 (-0.41%)

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.