The recent hike in energy taxes has put an immense burden on the common citizen, who is already struggling to make ends meet. While the government’s intention to increase revenue and reduce the fiscal deficit is understandable, it is crucial to consider the long-term effects of such a policy on the economy and the general public. The increased cost of energy will not only lead to higher production costs for industries but also inflate the prices of essential commodities, further exacerbating the issue of inflation.
The policy also fails to address the root causes of the energy crisis, such as the circular debt and the lack of investment in renewable energy sources. Instead of relying on taxing the citizens, the government should focus on implementing sustainable solutions to ensure a stable energy supply.
Sufyan Khan
Karachi
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