ISLAMABAD - With all the ‘ifs and buts’ about implementation of its proposal, Mutahidda Qaumi Movement (MQM), PPP's important coalition partner, unveiled a shadow Federal budget of Rs 36.1 trillion for the year 2012-2013 here on Sunday.The proposal presented by MQM Deputy Convener and Parliamentary Leader, Dr. Farooq Sattar and scores of other party MPs at a well-organised media event, seeks to cut budget deficit by nearly 50 pc by generating Rs 400 billion through the same existing direct and indirect taxes.In addition, the proposal also seeks to utilise Rs 190 billion which the MQM leaders believed were allocated by the Federal government in the annual budget for the year 2011-2012 but have not made it accountable.MQM proposed rationalisation of sales taxes and sought to bring agriculture and allied industry into direct taxation net without affecting the small farming communities in the country and by rationalising the invoicing systems relating to Afghan Transit Trade.Similarly, the MQM proposed to cut the existing non-development expenditures by 30 per cent in order to give relief to masses by diverting the savings to development expenditures for job creation opportunities in the industrial sector and to subsidise the daily items of common use such as flour, rice, pulses, meat, milk and edible oil.Later, the MQM leaders invited questions from the audience comprising of media persons as well as other participants from public.On question of implementation of MQM proposal, Dr. Farooq Sattar said his party that has seven per cent of the democratic mandate would try its utmost to get the proposals incorporated in the forthcoming national budget for the year 2012-2013.He said the MQM team would soon meet Prime Minister Syed Yousuf Raza Gilani to present its budgetary proposals and try its utmost to get some of important parts incorporated in the national budget to be unveiled on June 1st.Answering another question on how MQM thinks to prevent mini-budget, Dr. Sattar said it could be done through finance bill under which government should be permitted to resorting to such efforts only with two-thirds majority support of the Parliament.However, some of the participants later were found privately discussing the MQM proposal and its significance with some saying that this endeavour was more election-orientated and without any direct bearing on the government budget for 2012-2013.The critics presumed that since this would be the last budget of the ruling alliance to be followed by general elections, the MQM like the main ruling party PPP were trying to drive maximum mileage by what they described as so-called people friendly budget.