Pakistan
Super Tax to destroy economy, unleash storm of inflation: Shaukat Tarin
"The inflation has risen to 28 percent"
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.
-
Pakistan 1 day ago
Nawaz Sharif gets clean chit in Tosha Khana vehicles reference
-
Pakistan 2 days ago
Deliberations underway to change Governor Sindh
-
Pakistan 2 days ago
Faizabad Dharna Inquiry Commission gives clean chit to Faiz Hameed
-
Regional 1 day ago
Amazon is filled with garbage ebooks. Here’s how they get made.
-
Business 2 days ago
Saudi delegation to meet apex committee of SIFC today
-
Pakistan 1 day ago
President Zardari to address in joint session of Parliament
-
Technology 2 days ago
Adobe Premiere Pro is getting generative AI video tools — and hopefully OpenAI’s Sora
-
Pakistan 2 days ago
LHC disposes of appeal of Imran Khan's security in jail