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Shaukat Tarin blames IMF programme for 'inflated inflation'

Islamabad: Federal Finance Minister Shaukat Tarin blamed the International Monetary Fund's (IMF) programme for "increasing trends of inflation" in the country.

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Shaukat Tarin blames IMF programme for 'inflated  inflation'
GNN Media: Representational Photo

He, however, assured the media that the government would provide direct subsidies on food items to the poor people.

"Around 50 per cent difference was recorded in the price of ghee globally, while we [Pakistan] kept the difference around 30%. The price of wheat recorded an increase of 13.5%," Tarin told a press conference.

He said petrol was available at Rs123 per litre in Pakistan, and on the contrary, it is available at Rs250 per litre in India.

"We will give subsidy on ghee, bearing the burden of additional prices on imported ghee," he said, adding that the government will give direct subsidy on food items to the poor people.

The finance minister further disclosed that the cash subsidy will be given to 40 million people.

About cartelisation, Tarin was of the view that the middle man is earning 300-400% money.

"The Competitive Commission of Pakistan (CCP) will take action against cartelisation of food items; moreover, the system of food control inspectors will be restored," he added.

Addressing the issue of currency devaluation, the minister cited rising oil prices and the import of vehicles as major reasons behind the depreciation in the value of the rupee. 

"The US dollar is being traded to Afghanistan and when the exporters have a negative currency outlook they prefer to keep their money outside the country," he maintained.

Tarin reiterated that Prime Minister Imran Khan has directed the ministry to make medium and long-term plans to control crisis.

The minister disclosed that Kamyab Pakistan Programme will be launched by the end of this month under which 42% people belonging from low-income group will be provided food subsidies. 

 

Faisal Ali Ghumman

Faisal Ali Ghumman is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Faisal Ali Ghumman is nothing less than a Veteran Editor and has been writing for GNN for the past 4 months.

Pakistan

Coronavirus: Pakistan records lowest daily death toll of fourth wave

According to National Command and Operations Center (NCOC), around 689 cases of coronavirus were reported while 18 people succumbed to the disease in the last 24 hours, taking the total death toll to 28,152.

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Coronavirus: Pakistan records lowest daily death toll of fourth wave

Islamabad: Amid a steady decline in Covid-19 infections, Pakistan's coronavirus positivity ratio further fell to 1.62% with 689 new cases. 

According to National Command and Operations Center (NCOC), around 689 cases of coronavirus were reported while 18 people succumbed to the disease in the last 24 hours, taking the total death toll to 28,152.

Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than the previous three COVID waves.

The total number of cases has reached 1,259,648.

As many as 1,189,742 patients have recovered from the disease with 2,280 critical cases.

Punjab

The number of patients swelled to 436,442 in the province with 12,792 causalities.

Sindh

The number of infections has surged to 463,167 in the province, while the death toll has reached 7,502.

Khyber Pakhtunkhwa

The confirmed cases have surged to 176,048 in the province with 5,650 casualties.

Balochistan

There are 33,083 confirmed cases while 350 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 34,354 coronavirus cases in the AJK while the death toll has reached 739. On the other hand, there are 10,353 cases in GB with 186 coronavirus deaths.

Islamabad

There are 106,201 cases in the capital city while 933 people have lost their lives.   

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Pakistan

As fourth wave continues, Pakistan reports over 1000 cases, 27 deaths

According to National Command and Operations Center (NCOC), around 1,086 cases of coronavirus were reported while 27 people succumbed to the disease in the last 24 hours, taking the total death toll to 28,228.

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As fourth wave continues, Pakistan reports over 1000 cases, 27 deaths

Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than the previous three COVID waves.

According to National Command and Operations Center (NCOC), around 1,086 cases of coronavirus were reported while 27 people succumbed to the disease in the last 24 hours, taking the total death toll to 28,228.

The total number of cases has reached 1,262,771.

As many as 1,194,590 patients have recovered from the disease with 2,132 critical cases.

Punjab

The number of patients swelled to 437,316 in the province with 12,821 causalities.

Sindh

The number of infections has surged to 464,746 in the province, while the death toll has reached 7,520.

Khyber Pakhtunkhwa

The confirmed cases have surged to 176,501 in the province with 5,673 casualties.

Balochistan

There are 33,108 confirmed cases while 352 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 34,380 coronavirus cases in the AJK while the death toll has reached 740. On the other hand, there are 10,363 cases in GB with 186 coronavirus deaths.

Islamabad

There are 106,357 cases in the capital city while 936 people have lost their lives. 

Continue Reading

Pakistan

17 more succumb to COVID-19 in Pakistan, toll at 28,269

Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than the previous three COVID waves.

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17 more succumb to COVID-19 in Pakistan, toll at 28,269

Islamabad: The novel coronavirus claimed 17 more lives in Pakistan during the previous 24 hours, raising the death toll to 28,269.

Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than the previous three COVID waves.

According to National Command and Operations Center (NCOC), around 720 cases of coronavirus were reported while 17 people succumbed to the disease in the last 24 hours, taking the total death toll to 28,269.

The total number of cases has reached 1,262,771.

As many as 1,194,590 patients have recovered from the disease with 1,958 critical cases.

Punjab

The number of patients swelled to 437,316 in the province with 12,821 causalities.

Sindh

The number of infections has surged to 464,746 in the province, while the death toll has reached 7,520.

Khyber Pakhtunkhwa

The confirmed cases have surged to 176,501 in the province with 5,673 casualties.

Balochistan

There are 33,108 confirmed cases while 352 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 34,380 coronavirus cases in the AJK while the death toll has reached 740. On the other hand, there are 10,363 cases in GB with 186 coronavirus deaths.

Islamabad

There are 106,357 cases in the capital city while 936 people have lost their lives.

Continue Reading

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