Imran Khan rejects federal budget, says it's anti-people and anti-business

Former prime minister and PTI Chairman Friday rejected the budget for the new fiscal year 2022-23, terming it "anti-people" and "anti-business".

Taking to Twitter, he said the budget was based on "unrealistic assumptions" on inflation and economic growth, he said. In the budget, the government has set the targets for inflation and economic growth at 11.5 per cent and 5pc, respectively.

Imran went on to say that weekly inflation, as measured by the Sensitive Price Index (SPI), came in at about 24pc.

We reject this anti people & anti business budget presented by Imported govt. Budget is based on unrealistic assumptions on inflation(11.5%) & economic growth(5%). Today's SPI of 24% indicates that inflation will be between 25/30% which on the one hand will destroy the common man

— Imran Khan (@ImranKhanPTI) June 10, 2022

"[This] indicates that inflation will be between 25-30pc, which on the one hand will destroy the common man, and on the other hand, retard economic growth due to high interest rates."

All tax reforms and pro-poor programmes introduced during the PTI government had been shelved, he lamented. "It is an unimaginative, purana (old) Pakistan budget creating more burdens and misery for the nation."