Pakistan may get $2 billion from the International Monetary Fund, according to Prime Minister Shehbaz Sharif, who claimed to have received the information from Finance Minister Miftah Ismail on Tuesday (IMF).
“We anticipate receiving $2 billion from the IMF rather than only $1 billion, according to a statement given by Miftah Ismail in the morning. I responded by stating that achieving self-reliance is our true objective. more difficult said than done “Speaking at the conference called “Turnaround Pakistan,” which was put on by the Ministry of Planning and Development
The prime minister emphasised the need of everyone coming together to advance the nation as well as the value of independence. Political and financial independence are ensured through self-sufficiency, he claimed.
After Ismail revealed that the nation has obtained combined economic and financial targets for the seventh and eighth assessments of its IMF bailout programme, the prime minister made his remarks a little while later.
PM Shehbaz mentioned the opening of a large-scale development project in Bangladesh that his counterpart had recently made the proud claim that they had accomplished without the aid of outside funders.
This is undoubtedly a significant accomplishment, he said, adding that Pakistan had the necessary resources and knowledge.
He used the Reko Diq project as an example, claiming that Pakistan had wasted billions on it without ever seeing a return. According to PM Shehbaz, Pakistan is drowning in debt and that its liabilities greatly outweigh its assets.
He regretted that the past PML-N administration’s 1,200 megawatt Haveli Bahadur Shah Power Plant was still under construction.
“We suffered a massive loss,” the speaker said, “if you look at the electricity we were meant to obtain, which was intended to drive the farm sector, our industries, [and] offer millions of people employment.”
The prime minister claimed that after 75 years of independence, Pakistan had nothing to show for it. But wailing over spilt milk won’t get anything done, he said.
He continued by stating that there was a threat of the nation running out of edible oil a few weeks ago. He claimed to have written and spoken on the phone with Indonesian President Joko Widodo about this.
He added that the Indonesian president had instructed a minister to travel there at his own expense and stay there until the ships left for Pakistan, saying, “The Indonesian president stated he will issue instructions.”
“Here’s one illustration. Numerous doors open when you wish to work.”
As he urged people to put aside their individual concerns and differences, PM Shehbaz continued by stating that Pakistan was dealing with numerous difficulties.
“Former governments are held accountable by the new ones. We must decide whether to alter the course of the nation, and we must labour day and night to make that decision. If this isn’t done, we’ll keep going around in circles “said he.
“Builders and furniture sellers will be included in the tax system.”
The administration would include builders and furniture sellers in the tax net, the finance minister stated in his speech.
“I’ll be adding carpenters, real estate agents, vehicle dealers, and builders to the tax system. He stressed that Pakistan could only become “self-reliant” if he made things simpler for them “if everyone paid taxes, even the wealthy.
“The sons of the prime minister are subject to taxes. Additionally, I am paying extra tax. Only if we also make sacrifices can we ask the nation to do so “He emphasised.
He reasoned that because direct taxes weren’t inflationary, the government had chosen to impose them rather than non-direct ones. “We will collect 33 percent more tax this year than we did last year, which is a success.”
The minister also issued a warning, stating that even if Pakistan was no longer in jeopardy of going into default, it was still crucial for the government and the populace to exercise caution and “remain disciplined.”
He also expressed his gratitude to the people for understanding the need to raise the price of gasoline and diesel and for supporting the government.
