Shaukat Tarain and post budget

Mr.Shaukat Tarain looked in no mood of cracking silly jokes when he was hoolding the first post budget conference yesterday(well,to be honest its only Mr.Zardari who finds these conferences a time to have fun and frolic and to have a good laugh).Sorry fellows,I should have blogged yesterday but didnt get time so the main points about our country's economic situation he discussed include:

• That he intended to put a tax on agriculture as soon as possible which we would allow after seeing the stellar performance of it in the last year and the government's desperate need to increase tax net to fund its growing spending on defence and other needs.
• That he did not want to pt the tax on real estate the type that was put in the budget,he wanted to put a tax on capital gain which would have been progressive as compared to the current tax which is regressive.(I would like to add that this was one of the things which i liked most about the speech,i so agree with it because the current tax is really pointless especially after global recession,house prices have beome unpredictable.The tax would have the unwanted effect of deterring investor while a capital gain tax would be a win-win situation for all)
• I didnt hear him say anything about the stock market taxation which was imposed in the budget.Perhaps I missed that part or whatever.Stock markets has gone into such a slowdown with investor confidence going extremely down.Trade volume has also reduced.This is primarily because the major institutions and primary investors chiose to remain sitting on the fence until the full implications os the budget are visible.let us wait and watch what happens in the next few days.
• he said that we needed at least two years for stabilisation after which we can wxpwct a sustainable economic growth.He said he wanted some time to improve infrastructure facilities and improve conditions for investments.Well i suppose they have to be granted,What other choice we have even if we dare to disagree(which i do not).

Thats all i can remember and please people if u think i quoted anything wrong or disagree with me,please please feel free to criticize,I am definitely looking forward to constructive criticism as it would help me to improve my blog.I am not an economist,I am a student,I am very prone to mistakes,help me!