ISLAMABAD: Former Finance Minister Shaukat Tareen has said that the new government will make petrol more expensive, unemployment will also increase and he will not get any relief from IMF.
Speaking at a press conference in Islamabad, Shaukat Tareen said that yesterday Muftah Ismail presented a confusing budget. “Who are you fooling?” He asked the government. The government has presented a deficit budget while we have increased the GDP growth the most in 30 years.
Shaukat Tareen said that inflation has gone up to 24% and unemployment will increase further. We think that the unemployment rate will go up to 25-30% while increasing the petroleum levy will increase petrol further by Rs. 35 per liter. If so, how will the business grow?
The PTI leader claimed that we collected the highest revenue in history, our growth was 6%, we are talking about 5% growth, we employed the most 5.5 million people, 4.4% in agriculture in our era. Growth, we created the most jobs.
The former federal finance minister said that the budget deficit is 4.2 trillion rupees. Read the economic survey. Who are you fooling? Taxes on banks have been increased by 12.12%. We think income tax should have been increased as well. Now they will come up with fixed income tax. “I don’t think they will get any relief from the IMF,” he said.
Shaukat Tareen said that 20 million people are in danger of falling below the poverty line, the government has also stopped our programs for the poor, they came to amend the NAB and election laws, it seems that the next IM F will not give them the next installment.
It is feared that electricity will become expensive up to Rs 39 per unit, Omar Ayub
Addressing a press conference, former federal minister Omar Ayub said that we had dropped the price of electricity from Rs 16 per unit, now it is feared that this electricity will go up to Rs 39 per unit. As load shedding has also increased, gas bills are going to increase by 400%. He said that he had never seen or heard of gas load shedding in summer.
PTI leader Muzammil Aslam said that one thousand billion will increase interest payments in just one year, our remittances have also decreased, this year’s deficit will increase from 7 thousand billion, now the inflation rate is 35 percent. There will be more increase. He had given a mini budget by increasing the price of petrol before the budget.
