Islamabad :
Federal Finance Minister Shaukat Tareen has said that mini budget can be brought to provide more relief to the people, will not impose more burden of inflation on the people, hopefully there will be no need to increase petroleum levy, if global petrol prices are reduced. Petroleum levy will start. Talking to a private TV channel, he said that PML-N has also given the gift of current account deficit. If PML-N had not dropped landmines, it would not have had to go to IMF.
When it comes to giving more relief to the people, we can bring in a budget. I thank Muftah Ismail for calling the budget good. Muftah Ismail’s estimates regarding tax collection are wrong.
We need growth now, the economy depends on growth, we will take loans from big banks and give them to small banks. Lend to small businesses and farmers through small banks.
When you get a loan for business, business will grow. If the prices of petroleum products go down globally, then petroleum levies will be imposed. Saudi Arabia will start getting oil at discounted rates, raising petrol prices will not put more burden of inflation on the people. Hopefully, there will be no need to increase the petroleum levy. If sanctions are lifted from Iran, oil prices will fall.
Finance Minister Shaukat Tareen, while talking to a private TV channel, had hinted at rising inflation. “The IMF knows we’ve announced the budget, we’ve shared our plan with the IMF, we can’t get out of the IMF program,” he said. Increased, we increased only 34%, we have not increased the prices of petroleum products for a month and a half, now if the prices of petroleum products increase, we will also have to increase the prices, the increase in the prices of petroleum products will increase inflation. The target of petroleum levy is Rs 600 billion, this target is challenging, petroleum levy is currently Rs 5, petroleum levy has to be increased from Rs 20 to 25.
