President Zardari says govt intends to tax agricultural income to meet IMF conditions

Initiative to be managed by provincial govts, targeting large landholding farmers based on profitability, expenditures

President Asif Ali Zardari revealed the government's intention to impose taxes on agricultural income in alignment with the International Monetary Fund (IMF) conditions.

This initiative will primarily be managed by provincial governments, he said, targeting large landholding farmers based on their profitability and expenditures.

Zardari made these remarks during the Professor Waris Mir Memorial Seminar held in Lahore on Tuesday, where he also addressed issues concerning media and democracy.

Highlighting the economic challenges faced by the country, Zardari emphasised the need for a comprehensive approach and sound financial policies to drive national development. He stressed the importance of modernising various economic sectors, particularly agriculture.

Media and Democracy

In his speech, Zardari underscored the empowering role of media in amplifying public voices but noted a recent trend of media fragmentation. He warned of a potent religious lobby worldwide that manipulates perceptions to create divisions within Muslim societies.

Zardari recalled his tolerance for media criticism throughout his career. "Societies must be vigilant against agenda-driven information. While facing life's trials, one must remain steadfast," he said.

He also paid homage to the political struggles and sacrifices of Benazir Bhutto for the cause of democracy. He highlighted the Pakistan Peoples Party's resilience against political pressures and assassination attempts, reaffirming their commitment to democratic principles.

"We firmly believe that life and death are in Allah’s hands, and such challenges will not deter us from our mission," he concluded.