Prime Minister Shahbaz Sharif said that Pakistan-IMF agreement had been almost fixed with the IMF. If the IMF does not impose any other conditions, matters will be settled. In detail, Prime Minister Shahbaz Sharif, while addressing the PML-N senators, said there were many challenges after taking over the government. The previous government had agreed with the IMF that gas and oil prices would be in line with the world markets.
Shahbaz Sharif said that the previous government had also agreed to increase the petroleum levy and sales tax and broke the agreement with the IMF. Criticizing the PTI government, he said that when global prices rose, they reduced the price of petrol by Rs 10, laid a trap for the new government to come, and when they saw defeat in March, they reduced the price of oil. He did not fund the reduction of petrol, nor did he take the cabinet. The Prime Minister said that the IMF has almost fixed the conditions. If the IMF does not impose any other conditions, the matter will be settled. If the state survives, then politics will also survive.
Shahbaz Sharif said that the IMF was saying that we do not have confidence; whatever agreement is reached, it should be adhered to; first, the terms of the IMF were violated. He further said that we are taxing those who have been blessed with immense wealth by Allah.
On the other hand, Shaukat Tareen said the IMF has called for more taxes. Senator Shaukat Tareen said that first, the budget of the IMF came to an end, and now another budget is coming because the IMF has asked him to impose more taxes. He also said that the full budget of the IMF came first, and now it is known that the IMF has asked him to impose more taxes, and another budget is coming.
Shaukat Tareen further said that the economic survey was presented a few days ago, the same government had signed it a few weeks ago, everything has been recorded in the economic survey, but colorful speeches are being made here, record growth in every sector where bank corruption You are putting your incompetence on us.
The former finance minister said he wanted to ask the present government what is the default servicing cost what will be the IMF instruction? Will the discount rate go with it? Where will the Rs 200 billion GIDC be met? PDL 750 billion. This means an increase of Rs 35 per month. He said the debt incurred during the N-League era was 14 percent to 14 trillion. It was 79 percent. In our visit, they are talking about 44 trillion. This is 77 percent. Punjab has a surplus budget of Rs 125 billion, which includes subsidies. There is a gap of 490 billion; the provincial deficit is a gap of 700 billion rupees.
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