UNFAIR DISTRIBUTION OF WEALTH TAKING TOLL ON MASSES, ECONOMY: MIAN ZAHID HUSSAIN.

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, MianZahid Hussain on Wednesday said the scarcity of facilities like clean drinking water, health, education, food and employment is not as much linked to want of resources as tied to unfair distribution of wealth.

A small group of nobility has accumulated a major chunk of wealth and there is no end to their greed which is fanning poverty, restlessness and conflicts, he said.

MianZahid Hussain said that masses will have faith in the government when all the sectors are taxed, the tax burden is equally distributed and rich are targeted sparing the poor.

Talking to the business community, the veteran business leader said that last year's budget deficit was Rs3445 billion despite a cut of Rs650 billion in development spending.

The former minister noted that the FBR's target for 2019-20 was Rs5503 billion which was revised downward but the collections were down by 43 percent during the firstsix months of the current fiscal. IMF has refused to revise the tax target downward, therefore, FBR will have to enhance collections by 54 percent in the last six months of the...