Imran Khan's Government relief to public
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Prime Minister Imran Khan has declared war on inflation. Petrol and diesel have been reduced by Rs. 10, electricity has been reduced by Rs. 5. Why did the government need these decisions?
Federal Minister for Finance Senator Shaukat Tareen has said that the Prime Minister has made a conscious decision, no one could have imagined the way petrol prices were going up. It has been decided that graduates will be given internships. It is a good initiative of the Prime Minister for graduates. There is a gap of 35 to 40 billion in import and export. This gap can be filled by IT sector. IT sector is our lifeline, a game changer. The government will also bear the levy on petrol. Responding to a question, he said that overseas Pakistanis will get tax exemption for five years, economy is growing, industry plays a vital role in sustainable growth worldwide, India has 150 150 billion in IT exports, tax in IT sector.
The discounts are not just for politics, the Prime Minister has wisely announced, it is a package of 250 to 300 billion rupees, some money will be taken from PSDP, money will be taken from Ehsas funds, some money will also be taken from IMF's Corona funds. We will export 50 50 billion of IT in five years. We have been discussing about the package for many days. It took time to start the Ehsas Ration Program. We want to give targeted subsidy.
Now the fares of transporters should also be reduced. Chairman Privatization has said that discos are doing the most damage, discus has to be sold by structuring discus, discus, PIA has made a complete plan, there will be progress in privatization in next one and half years. The IMF program will not be disturbed by the package However, those who take major steps consult with the IMF first. The IMF targets are straightforward, the IMF targets have nothing to do with this package.
We try to run the economy through packages, we have taken a bailout package from the IMF and now the Prime Minister has announced his packages, maybe we are in trouble with the IMF, says the Prime Minister. Inflation is lower than previous governments. If this is the case then why there is a need to provide packages. Reducing electricity can cost the exchequer up to Rs 100 billion. If there is such a loss then the budget will not come. We have stopped formulating our economic policy from day one, our economic policies are formulated by the IMF and the World Bank. As long as the NOC system continues, the economic situation will remain bad.
If there is an additional cost, it will have an effect somewhere. The need to bring this package was due to the sudden increase in petrol and gas prices. This is due to the conflict between Ukraine and Russia. The Federal Minister of Finance had full numbers, in objective circumstances it was not doable but after discussion everyone was taken care of, it was decided to reduce the price of oil by 10 rupees and freeze it. This is not to say that all this was done at the beginning of the opposition rally. If the situation in Ukraine and Russia remained like this, the situation would get worse again.
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