Sir: The consistency and commitment of this government and its predecessors to protect black economy would surely be appreciated by those for whom investment climate must be discouraged and collecting taxes considered almost a sin. When Finance Minister announced that CVT will be levied on actual profits incurred from sale of real estate which is sold within five years of its acquirement by an investor, it gave birth to hopes that finally this government may have realised that this Rs7 Trillion industry which pays a meagre Rs4 billion as indirect tax must be made to pay its due share, as is practice in every responsible country. If this Budgetary taxation plan were to be implemented it would encourage investors to invest in industry, boost documented economy, promote employment, and perhaps bring down spiralling debt to GDP ratio in a country where external debt in past three years has increased by an all time high of $21 Billion, most of it to boost foreign reserves. It seems to be the goal of every government that Quaid’s legacy of a modern democratic welfare state where curse of bribery and corruption were to be dealt with an iron hand must be defeated and not allowed to nurture. By withdrawing CVT on actual profits on sale of real estate evaluated at market price, the federal government has yielded to pressures of dons and mafias for whom Pakistan is a country ideal for profiteering and pilfering, but not one worthy to either live in, or for investment in job creating industries and promoting a culture of taxation. It will encourage land grabbers who openly claim to put wheels on files and deprive this country of its agriculture, green belts, forestation, hills and mangroves. M.T. ALI Lahore