Islamabad:
Federal Finance Minister Miftah Ismail admitted that the inflation in the country is at the highest level. According to private TV, while talking to the American news agency, he said that inflation is running at the highest level in the country’s history for 47 years, inflation is near its peak and this fiscal year inflation will be 15 percent on average, while this year The growth rate of the economy is expected to be more than 3.5 percent in the fiscal year.
Miftah Ismail said that the import payments in the country should be equal to the inflow of dollars, but if I have limited dollars, I will buy wheat and food items with it. In this situation, we can delay the purchase of luxury items. Restrictions on import of items may remain for more than 3 months, I want Pakistan to live within its means, nothing can happen in a year but we can start it.
Apart from this, while expressing his views on the current economic situation of Pakistan under IBA Karachi, the Federal Finance Minister said that he is very ashamed of the increase in inflation in the country. Ga, the proportion of youth in the society is high, the population also increases with the improvement of the economy. Miftah Ismail said that inflation is worldwide, but he is very ashamed of the increase in inflation in the country. In the previous regime, the loans from the IMF and the World Bank were delayed. Even the loans were waived, the country was going to be a defaulter after terminating the agreement with the IMF, the World Bank was not willing to give loans, we contacted them as soon as we came to power, loans were inevitable, by giving loans to businessmen. Even as efforts are made to stabilize the economy, the increase in imports has a negative impact on the economy.
The League leader said that the government is forced to borrow, due to the decrease in public capital, foreign debt is forced, foreign nations save and invest, when the price of electricity decreased, unnecessary consumption started. The number increased, there was a bad effect on the price of Pakistani bonds, the rate of the dollar had to increase, petroleum prices increased due to PTI’s mistake, demand increased due to price reduction, the government had to bear additional expenses in the form of subsidies, we One has to go to every forum and ask for a loan.