IMF's sponsored budget to hit masses.

ISLAMABAD -- IMF's sponsored budget will result in contraction of the troubled economy and take a toll on the masses struggling to make both ends meet, a business leader said Saturday. The new taxation measures to improve the revenue collection will also hit the business community and the masses, widen the gulf between taxpayers and tax collectors and promote tax evasion, said Shahid Rasheed Butt. He said that the government has not taken any serious step to widen the tax net, therefore, masses will pay the price of their inaction. The budget being finalized under the supervision of the IMF will leave...