July 4, 2021
A bluff is “an attempt to deceive someone into believing that one can or is going to do something.” A policy is a “course or principle of action adopted or proposed by an organisation or individual.” In the “card game of poker, a bluff is a bet or raise made with a hand which is not thought to be the best hand. To bluff is to make such a bet. The objective of a bluff is to induce a fold by at least one opponent who holds a better hand.”
Bluff number 1: Budget 2021-22 – Tax Revenue (FBR) of Rs5,829 billion. According to the FBR, it has collected Rs4.7 trillion in the outgoing fiscal year. Can the FBR collect a wholesome 24 percent more next year, especially when the Ministry of Finance claims that there are going to be ‘no new taxes’? For the record, the FBR would need to collect a colossal Rs1,100 billion more than last year in order to meet the new target. Is there a policy, course or principle of action that has been adopted or proposed by the Mini
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