Comment on Budget 2011-12
Federal Budget of Pakistan has been presented in the National Assembly of Pakistan on June 03, 2011. On that day, it didn't look like a Parliament rather it was looking like fish market. Traditional opposition from 'Opposition' branches with chaos of daunting and chanting of slogans like 'Go America', 'Budget Na-Manzoor'. At one occasion, one of the member of the parliament presented 'Meal' to the Finance Minister Mr. Abdul Hafeez Sheikh. In addition to this, female parliamentarians were not behind the row, they thrown 'Bangles' at Finance Minister, which was ridiculous act. As a student of Business and one of the common man, taking current economic and social conditions in the consideration, I must say, budget 2011-12 is a balanced budget. Government of Pakistan (GoP) reduced sales tax from 17% to 16%, which is a good move to give relief to the poor and needy people of the country. Moreover, GoP has levied taxes on many items, which prev...