Adil Ghaffar Profile picture
Jul 3 10 tweets 4 min read
@MiftahIsmail you have not only ruined your political career but have also tarnished & spoiled the political reputation of #PMLN.

Please be informed that the word "Regime Changers" (RC) used herein below includes all 11 political parties that formed #PDM
1/10
Including those who either, directly or indirectly, locally or internationally, were involved.

You miscalculated and was under the self-assumed impression that RC will eventually come to rescue you and #PMLN.
2/10
After assuming charge as Finance Minister on 19-4-22 you made several attempts with #IMF but failed to observe the seriousness and heat. You were under the impression that multilateral agency will be dominated by RC.
3/10
You were so over-confident & adamant that you overlooked #Economics & #Pakistan's interest just for the sake of your party politics and personalities involved.

Though you & your entire allies were vocal on the subsidies on petrol & electricity, given by your predecessors,
4/10
but you took 48 days to understand & realise that #PMLN and yourself was used as a escape goat by RC.

After 48 days, as a first jolt for RC, you increased Petroleum prices by Rs. 30 and when it was a deadly silence, you sent another jolt after 7th day.

5/10
Both the jolts were not taken seriously by RC which made you realise that you are alone in the battlefield.

دیکھا جو تیر کھا کے کمین گاہ کی طرف
اپنے ہی دوستوں سے ملاقات ہو گئی

You tried again and sent 3rd jolt after 13 days
6/10
but deadly silence did not attract you that there could be something else which is being missed.

After the unsuccessful 3rd jolt, alarms should have been raised. You should have come out of your self created tranquil and leave it to be handled by somone else,
7/10
but yet again you missed the seriousness of alarms raised and as usual, with over confidence you thought you will be able to cope up.

Thereafter economic jolts were given from time to time but unbelievable silence was broken after you declared all your cards.
8/10
IMF categorically stated take measures to include anti-corruption mechanism.
Though you have started imposing Petroleum Development Levy (PDL) w.e.f 01-7-22 with Rs. 10 but still you're way behind the target to collect Rs. 855b during 2022-23. Sales Tax will be over & above
9/10
In the current scenario of increasing international oil & gas prices, disruption in commodity cycle, both cost & supply push inflation and deadly silence of RC, you are left with limited option to secure yourself.

Time is short, take conscious decision.
10/10

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More from @AdilGhaffar18

Jul 2
Let's change our life style to fight against inflation.

1. If you're dining out 4 times a month reduce it to 2 or 3 times;
2. Restrict movement in cars for single purpose, organise usage & than allow one car;
1/6
3. Restrict electricity usage between 6.30 to 10.30 ideal time for family reunion in one room;

4. Keep an eye on gas usage, you will be surprised in your July'22 bill;

2/6
5. DO NOT, & I repeat DO NOT, spend on things you don't want, if you like some new innovation, spend some time asking yourself "do I really want & can't I live without it"

6. Restrict your purchases from luxuries to essential, small things matters like soap, shampoo, creams
3/6
Read 6 tweets
Jun 27

Strongly Disagree!! None of the rationale provided make any sense. I will respond to all your tweets in chronological manner.
1. "On Affluent people"
Please remember creation of wealth after paying taxes is not a crime. 1/19
You cannot penalise people who have created wealth after payment of all taxes.
These Affluent people are the ones who have taken not only business risk but also country risk and chose Pakistan to invest their hard earned tax paid income. 2/19
All the positive numbers in either manufacturing, Agriculture and/or Service sector are due to the investments made by these Affluent people, therefore these Affluent people are directly related to the economic development of Pakistan. 3/19
Read 20 tweets
Jun 25
Keeping in view my passion on taxation, a friend sent me the following article written by @ZehraFarooq. I am not her follower neither she is and this evaluation is not for the sake of criticism but for learning.

threadreaderapp.com/thread/1540430…
In our country people blindly follow and forward articles without even reading it give it a second thought.
There are many mistake in this article.
Through this article she has tried to evolve "Tax incidence of Corporates"
Firstly, though she emphasis on the importance of data yet failed to share the source of data.
Secondly, in 2nd para, she mentioned "roughly 44,000" and we know results cannot be based on approximately or roughly while analysing data.
Read 10 tweets

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