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Prime Minister Shehbaz Sharif has stated that inflation will rise further following the agreement with the International Monetary Fund (IMF).
At a news conference in Islamabad today, Prime Minister Shehbaz Sharif stated that the federal government levied additional taxes on large corporations in the mini-budget while shielding the average man from financial stress.
He stated that the discussions with the IMF had reached a conclusion and that inflation would rise following the accord. “We must satisfy the IMF’s requirements. The supplemental budget mostly imposes levies on expensive items.”
He stated that the finance minister was attempting to stabilise the value of the currency. He also stated that Pakistan satisfied all of the IMF’s requirements for the staff-level conference.
PM Sharif said that the Fund also set a condition to reduce the subsidies and the government is implementing it.
The premier said that the poverty rate has increased in the country and the government took effective steps for poverty alleviation.
He admitted that the middle-class segment of society had always sacrificed willingly or unwillingly in 75 years and poor people had always suffered a lot even it is a war or a natural disaster.
PM Shehbaz Sharif said that the elites had never played their due role for the country. PM Sharif said that the elites had never played their due role for the country. He announced that the burden of new taxes will be imposed on the elites.
