Super Tax to destroy economy, unleash storm of inflation: Shaukat Tarin

Islamabad: Former finance minister Shaukat Tarin lashed out at the government for the rising inflation in the country, adding that government steps will destroy the destroy economy.

Talking to the media on Friday, he said that the industry would start closing due to the imposition of a 10 percent tax. "The inflation has risen to 28 percent. Owing to the imposition of tax, vehicles and mobile manufacturing factories will close," he added.

The minister said that the government would impose a tax on petrol. "A new tax will be introduced. The government's today decision will increase unemployment. Presently no one is trusting the government," he maintained.

He was of the view that the PTI was holding good talks with the IMF. "Pakistan would have received the money in April had the PTI continued talks with the IMF," he added.

He lamented that the government had put Rs43 million data in the dustbin saying that it was not the previous regime but the new rulers were taking the country towards bankruptcy. 

Tarin said if the PTI were in power, they would have got oil from Russia at cheap rates. 

Shaukat Tareen said that the country would face more difficulties "A public government should be formed to avoid Sri Lanka-like situation in the country," he maintained.