Shehbaz accuses govt of fudging revenue figures

Published June 7, 2021
Leader of Opposition in the National Assembly Shehbaz Sharif has criticised the government for what he calls fudging revenue figures in a bid to show its performance on the economic front. — AFP/File
Leader of Opposition in the National Assembly Shehbaz Sharif has criticised the government for what he calls fudging revenue figures in a bid to show its performance on the economic front. — AFP/File

LAHORE: Leader of Opposition in the National Assembly Shehbaz Sharif has criticised the government for what he calls fudging revenue figures in a bid to show its performance on the economic front.

“The Accountant General of Pakistan’s objection to release of Rs140 billion to the Federal Board of Revenue has exposed the credibility of the official economic statistics,” Mr Shehbaz said here on Sunday in a reference to a report which stated that the tax refund money was not excluded from the revenue by the FBR leading to the objection by the authority responsible for reporting federal government’s transactions.

“The AGP is demanding that the government show as revenue loss the payments made as tax refunds,” he added.

The disclosure that the Pakistan Tehreek-i-Insaf-led government had made financial adjustments worth Rs100 billion last year in the same fashion exposed that the ruling party was continuously involved in fudging figures, said Mr Sharif, who is also president of the opposition Pakistan Muslim League-Nawaz.

Says AGP’s objection has exposed the credibility of official statistics

“The government is hoodwinking the masses by employing the tactic of using grants to show an increase in the tax revenue,” he added.

He said the government was doing the same with the national kitty and revenues what it had done with wheat flour and sugar production figures and cautioned that the country might face crisis after crisis if planning of various projects and policies was made on the basis of ‘manipulated’ statistics.

The opposition leader also warned that the manipulated statistics could lead to distrust and disputes between the federation and federating units because of less share to the provinces than the apparent size of federal tax collections and this would not be a good thing.

“Whether the government wishes to pitch the federation and federating units against each other,” he wondered, adding that on one the hand the government had failed to achieve its tax revenue target and, on the other, it put forward a figure that was disputed.

Published in Dawn, June 7th, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Smog hazard
Updated 05 Nov, 2024

Smog hazard

The catastrophe unfolding in Lahore is a product of authorities’ repeated failure to recognise environmental impact of rapid urbanisation.
Monetary policy
05 Nov, 2024

Monetary policy

IN an aggressive move, the State Bank on Monday reduced its key policy rate by a hefty 250bps to 15pc. This is the...
Cultural power
05 Nov, 2024

Cultural power

AS vital modes of communication, art and culture have the power to overcome social and international barriers....
Disregarding CCI
Updated 04 Nov, 2024

Disregarding CCI

The failure to regularly convene CCI meetings means that the process of democratic decision-making is falling apart.
Defeating TB
04 Nov, 2024

Defeating TB

CONSIDERING the fact that Pakistan has the fifth highest burden of tuberculosis in the world as per the World Health...
Ceasefire charade
Updated 04 Nov, 2024

Ceasefire charade

The US talks of peace, while simultaneously arming and funding their Israeli allies, are doomed to fail, and are little more than a charade.