June 22, 2022
1 min read

Pak PM defends budget, says it focuses on poor

The Prime Minister hoped that those who are privileged would “gladly” lend their support to the country at this critical juncture and demonstrate a spirit of “sacrifice”….reports Asian Lite News

Pakistan Prime Minister Shehbaz Sharif said on Tuesday that in the budget for the 2022-23 fiscal, the government decided to redistribute the economic burden on the poor by taxing the rich, media reports said.

Talking to the media in Islamabad after a meeting of the federal cabinet, Sharif said: “The policy we have formulated in the budget is that we have decided to redistribute the burden on the poor. We will tax affluent citizens so the poor are assured the government is giving them relief by taking different measures and is also taxing the rich,” Dawn reported.

The Prime Minister hoped that those who are privileged would “gladly” lend their support to the country at this critical juncture and demonstrate a spirit of “sacrifice”.

“The government will collect hundreds of billions of rupees in taxes through this,” he added.

The Prime Minister reiterated that the government came into power at a challenging time and took some difficult decisions.

However, he asserted that the government would take more difficult decisions in the future if need be, Dawn reported.

“We will not hesitate to take any step which could help strengthen the economy,” he said.

Sharif said that the government had no other option than to take tough decisions, as he lashed out at the PTI for “violating” the agreement it had signed with the International Monetary Fund (IMF).

The premier also said the country is suffering and witnessing a crisis due to the imprudent economic policies of the former PTI government.

The Prime Minister’s statement came at a time when inflation has soared in the country with the government hiking fuel and energy prices, Dawn reported.

ALSO READ: Pakistan hopeful of IMF deal within days

Previous Story

E-com firms under close watch in India

Next Story

‘Asian women, journalists new targets of Chinese Communist Party’

Latest from -Top News

Multi-alignment, upgraded

With US ties strained and China tense, New Delhi taps Europe’s harder edge for co-development, clean tech and strategic autonomy, writes Manoj Menon India is recalibrating its great-power hedging as frictions with

Reeves urged to break manifesto pledges

Chancellor under pressure as £40bn fiscal gap looms, with critics warning against a “pasty tax” budget of piecemeal revenue raisers…reports Asian Lite News Rachel Reeves is facing growing unease inside Labour’s ranks

Starmer to Visit India on Wednesday

UK and India to cement strategic ties with new free trade agreement and deeper cooperation across defence, technology and climate Prime Minister Keir Starmer will make his first official visit to India

UAE, India join on child services

The United Arab Emirates and India have opened discussions to enhance cooperation in integrated child development services, focusing on early childhood education, nutrition, and child participation initiatives. The talks took place on
Go toTop

Don't Miss

Pakistan’s wounds are self-inflicted: Imran

Imran recalled that the previous government chose dollars over human

Pak Army’s ‘No dollars, No Jihad’ Policy

Many secrets of the corrupt ways of Pakistan’s military rulers