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Miftah slams PTI’s economic policies; terms FY 2021-22 as ‘worst year’

The fiscal year 2021-22 would be remembered as worst year as the country deviated from all its set targets.

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Miftah slams PTI’s economic policies; terms FY 2021-22 as ‘worst year’
GNN Media: Representational Photo

Islamabad: Federal Minister for Finance and Revenue, Miftah Ismail here Friday highlighted various progressive budgetary measures, aimed at overcoming huge deficits, putting economy on growth path with an objective to ensure country’s sovereignty, which was put on stake by the Pakistan Tehreek-e-Insaf  (PTI) government.

Winding up the budget debate in the National Assembly (NA), the federal minister said that most of the recommendations proposed by Senate and lawmakers were incorporated in the finance bill.

Criticizing the PTI government for damaging the economy, the minister said that the fiscal year 2021-22 would be remembered as worst year as the country deviated from all its set targets, accumulating huge deficits upto Rs5310 billion, which is around 9.85 percent of Gross Domestic Product (GDP).

He questioned, how come Imran Khan and his team talked about sovereignty when they had taken huge debts in their tenure, leading the country to near default.

However, by taking several decisions, the incumbent government had saved the country from bankruptcy. “This country is not going towards default but was going towards progress now,” he remarked.

He said, many budgetary measures were taken to tax the rich and provide relief to the poor. He said, the budget was farmer-friendly as many initiatives were taken to promote agriculture sector to make the country self-sufficient in edible oil, wheat and other crop production.

 

Regional

Unidentified people manhandle senior journalist Ayaz Amir in Lahore

Amir was leaving the office of a private TV channel located at Lahore’s Abbott Road

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Unidentified people manhandle senior journalist Ayaz Amir in Lahore

Lahore: Senior journalist and analyst Ayaz Amir was attacked by unidentified men in Lahore on Thursday.

Amir was leaving the office of a private TV channel located at Lahore’s Abbott Road when unidentified men attacked him. The assailants also snatched his wallet and mobile phone.

As soon as the incident was reported, a Punjab Police spokesperson said that the inspector-general has summoned a report of the incident from the capital city police officer.

The IG directed the CCPO to utilise the safe city cameras to identify the culprits and ensure their arrest. 

Prime Minister Shehbaz Sharif also condemned the incident and ordered Punjab Chief Minister Hamza Shehbaz to hold a high-level investigation.

“Suspects should be brought before the law as soon as possible. Journalism and protection of journalists should be ensured,” said PM Shehbaz.

-- Punjab CM condemns --

Punjab Chief Minister Punjab Hamza Shahbaz took a notice of the torture incident on the senior Journalist and columnist Ayaz Amir and sought a report from Inspector General of Police.

The CM ordered to arrest the accused at the earliest who are found involved in the torture incident on Ayaz Amir.

Hamza directed to bring the accused into the stern grip of law and further action be taken against them. CM condemned the attack on Ayaz Amir and directed to fulfill all the requirements of justice.

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World

Egypt: Hotel guest dies after falling from 9th floor

Hotel workers found the body of the deceased lying on the street.

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Egypt: Hotel guest dies after falling from 9th floor

Cairo: An elderly man has been killed after falling from the balcony of his room on the ninth floor of a hotel in the Cleopatra area on the Alexandria Corniche, Egypt.  

As per reports, hotel workers found the body of the deceased lying on the street in the early hours of Friday. 

The police, however, were informed and the deceased was taken to the Kom El Dikka morgue. 

Reports quoting sources said that the security forces are intensifying their efforts to uncover the circumstances of the incident— to find out whether there is a criminal suspicion or not.

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Pakistan

Pakistan reports over 800 new cases, first time in four months 

This was the first time in nearly four months that the infections moved past 800.

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Pakistan reports over 800 new cases, first time in four months 

Islamabad: Pakistan has reported four deaths and 818 new COVID-19 infections in past 24 hours as the novel virus continues to rage across the country.  

As per the latest stats, the new infections—detected after diagnostic testing on 18,305 samples—took Pakistan’s COVID-19 positivity rate to 4.47%. 

This was the first time in nearly four months that the infections moved past 800.

According to National Institute of Health (NIH), condition of 126 COVID patients is critical and they are being treated in intensive care units (ICU). 

Authorities, however, have started imposing restrictions in a bid to curb the infection rate — making ‘wearing masks’ mandatory for passengers travelling on public transport, including busses and trains.

The overall tally of the infected people climbed to 1536479 across Pakistan after adding the fresh cases.

Experts say Pakistan may potentially witness another COVID-19 wave as the country continues to see an uptick in new cases, pushing the positivity rate further up.  

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