Connect with us

Hi, what are you looking for?

Economy

mini-budget a death trap for people, says shahbaz sharif

The former Punjab chief minister urged coalition partners of the ruling PTI to stand up to the price-hike, heavy taxation and inflation, adding that it could paralyse Pakistan’s defence capability.

Opposition leader and PML-N President Shahbaz Sharif has said that the government intends to introduce a mini-budget to meet the International Monetary Fund’s (IMF) requirements.

He said that mini-budget would prove a death knell for a nation already reeling from the effects of rising inflation and unemployment. 

In a statement issued today, Opposition leader said that it would become impossible for the nation to live after the government introduces the mini-budget considering how petrol, gas and electricity will become even more expensive. 

The former Punjab chief minister said an increase in taxes would further destroy the business community and shrink Pakistan’s economy. 

Tax exemptions on mobile phones, stationery, and packaged food items are being abolished in the coming mini-budget, while the amendment bill would allow the government to withdraw sales tax exemptions from zero ratings in addition to exports. 

PML(N) leader said that the doomsday of inflation had arrived and that the only salvation for the masses would come in the form of the incumbent government going home. The PML-N leader said a mini-budget in line with the IMF’s recommendation would be a threat to Pakistan’s national security. 

The former Punjab chief minister urged coalition partners of the ruling PTI to stand up to the price-hike, heavy taxation and inflation, adding that it could paralyse Pakistan’s defence capability. 

He said coalition parties of the government should oppose the government’s move to introduce the mini-budget for the sake of Pakistan’s national interest.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Facebook

International

In March 2021, China and Iran signed the accord and its implementation has started now with key focus on development of economy, military, and...

Economy

The SBP's objection to govt-supported bank account for Afghanistan on the pretext of FATF seems a tactic to delay support for Afghanistan and to...

Economy

Cumulatively, at $15.8 billion, remittances grew by 11.3% during the first half of FY22 over the same period last year.

Latest Updates

According to the Sessions court, the 26-year-old woman was arrested in May 2020 and charged with posting blasphemous material on her WhatsApp status.

Copyright © 2021 The Truth International