Economic stability has been achieved; government has provided relief to salaried class in the budget, says Atta Tarar

Islamabad: Federal Minister for Information and Broadcasting, Attaullah Tarar, stated that the government has provided substantial relief to the salaried class in the budget. He added that Pakistan has now achieved macroeconomic stability, a fact that the opposition should also acknowledge.

According to details, while addressing a session of the National Assembly of Pakistan, Attaullah Tarar said that Parliament is the custodian of democratic traditions.

However, he noted that in the past, the House had witnessed disorderly conduct, the tearing of official documents, and protest-oriented behavior. He emphasized that the opposition should appreciate the government's positive initiatives.

He stated that no tax has been imposed on individuals earning up to Rs. 50,000 per month, while those earning between Rs. 50,000 and Rs. 100,000 per month will be subject to a tax rate of only 1 percent.

Tarar said that the government successfully managed the economy during difficult circumstances and steered the country away from the risk of default.

He further stated that Shehbaz Sharif made political sacrifices in the national interest and achieved economic stability through negotiations with international financial institutions.

According to Tarar, there was a time when foreign exchange reserves were under severe pressure, import-related businesses were suffering, and opening letters of credit had become increasingly difficult.

He claimed that the inflation rate has declined significantly, interest rates have come down, and the economy is now moving in the right direction. He also credited national institutions and the country's security leadership for playing an important role in the stabilization process.

Speaking in the National Assembly, he said that criticism of the budget and protests are the opposition's democratic right. However, he stressed that positive measures should also be acknowledged. He expressed hope that Pakistan would emerge before the world as a strong and stable economy in the future.