Friday, August 12, 2022

Give targeted subsidies to the people. Inflation will come down, Shaukat Tareen

Former Finance Minister Shaukat Tareen told the government about the formula to reduce inflation. He said, “We have shown them the way. They should go to Russia.”

Finance Minister Shaukat Tareen says that if you believe me still go to Russia, 30% will still be saved. Give targeted subsidies to the people, inflation will come down, money will be saved.

“They say we are backing away from the IMF agreement. I was asked by the IMF to raise the prices. I refused. I told the IMF that I will collect the money and give it to you.” I will raise money by raising taxes, not by raising them. We had persuaded the IMF, we had told them the plan, we had fulfilled the agreement. I had told the IMF the solution, there are agreements on the website.

They say we had to buy cheap oil, we had to get targeted subsidy, we had a plan. They have no plan, they are not for the people, they were brought to the IMF. Today, our reserves have fallen below ڑھ 1.5 billion. Moody’s also downgraded us after their arrival. He also downgraded WAPDA.

“Inflation will go up to 25 to 30 per cent. Factories will close when people get loans at 25 per cent,” he said. Economic growth was not happening, now what happened to them?

They say that they used to taunt us about inflation. Now the dollar has gone up from 8 178 to over۔ 200. We have increased the price of petrol by Rs. 58 in four years. They have increased the price of petrol by Rs. 60 in one week. Would have He complied with all the conditions of the IMF. It is not written in any of the IMF agreements that petrol should go up to 270.

He has asked them to explain why they are not going to Russia, they are afraid of the United States. He sat on CNN and said that if we go to Russia then sanctions will be imposed on us.

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