Asad Umar criticises his own government for taxes on sugar, oil

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Former Finance Minister Asad Umar on Thursday asked the government to reconsider imposing taxes on basic necessities such as sugar and cooking oil.

During the post-budget session at the National Assembly, Umar advised the government to withdraw proposed taxes on sugar, oil and ghee as it was affecting the poor more than anyone.

The Pakistan Tehreek-e-Insaf (PTI) leader also asked for inquiry into why sugar prices were increasing so rapidly.

The former finance minister also advised the government to reconsider its new duties on smaller cars.

Coming to defense, he said flawed policies of the PML-N government and years of corruption have left the new cabinet to deal with grave threats towards economy.

However, he advised the government to boost exports and increase investment coming into Pakistan beside its attempts to reduce expenses and curb imports.

He urged that the given situation requires that the poorest and underprivileged section of society must be shielded from the affects of budget.

He urged the government to adopt a zero rated change – no liquidity crisis

Umar further urged the government that an increase of 10 to 15 per cent in the pension should also be considered. “Labourers should be registered at the Employees Old-Age Benefits Institution (EOBI) along with domestic workers.”