Islamabad :
Federal Finance Minister Shaukat Tareen has said that the benefits of economic growth will reach the lower class but it will take time. Petrol is still cheaper in the region of Pakistan. There are only 16 countries where petrol is cheaper than Pakistan and those are oil producing countries.
Addressing a news conference with Minister of State Farrukh Habib in Islamabad, he said that there are only 16 countries where the price of petrol is lower than ours and those countries produce oil themselves. He added that other countries in the region such as Petrol prices in Pakistan are lower than in India and Bangladesh. Our prices are lower than in the region and the world. Do we want to reduce it further? So absolutely want to.
He reiterated that Pakistan’s economy has started to grow which is having an impact on revenue. The Federal Board of Revenue (FBR) has collected Rs 185-190 billion more than its target in the last three months. Have done
“Never before has the FBR surpassed its target, but now we are 38 to 40 percent ahead of last year. If revenue is coming, it means the economy is growing,” he said. ۔
He further said that the benefits of economic growth would reach the lower classes but it would take time so we are about to launch a successful Pakistan program on the directive of the Prime Minister which was delayed a bit. Under this 40 to 60 lakh agricultural families will be given Rs 1.5 lakh for each crop and every year Rs 2 lakh will be given to them for equipments like tractors, threshers etc. and Rs 5 lakh will be given to urban households for business There is interest.
Shaukat Tareen said that it is generally said that prices have gone up, inflation has gone up, although the Corona virus crisis has affected prices all over the world, in the United States where inflation was one to one and a half per cent, now it is eight and a half per cent. Percent has been reached.
“This crisis has also affected us. International prices are at their highest levels in the last 10 to 12 years, which has affected us as we become a food importer,” he added. gone.
