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

Israel to build US-sponsored Mideast air defense alliance

Previous Story

E-com firms under close watch in India

Next Story

Israel to build US-sponsored Mideast air defense alliance

Latest from -Top News

Iraq Draws a Line With Trump

Iraqi Prime Minister Ali al-Zaidi has told US President Donald Trump that Baghdad will not allow its territory to be used to launch attacks against neighbouring countries, as the government seeks to

China’s Climate Crisis Threatens South Asia

China accounts for nearly 33 per cent of global greenhouse gas emissions, raising concerns over the climate risks facing vulnerable neighbours such as Nepal, Bhutan and Bangladesh….reports Asian Lite News Desk China’s

Escape plans for the rich, despair for Pakistan’s poor

Pakistan’s ruling elite is allegedly securing overseas escape routes as millions struggle with poverty, hunger and economic uncertainty….reports Asian Lite News Desk Pakistan’s ruling elite is preparing to secure its escape abroad

Taliban Opens Doors, World Holds Back

Several countries are expanding diplomatic engagement with Afghanistan’s Taliban authorities through non-resident ambassadors and special representatives…reports Asian Lite News Desk Diplomatic outreach to Afghanistan’s Taliban authorities has continued to grow, with several

Bangladesh Faces Global Outrage Over Garment Worker Crackdown

International rights organisations have condemned alleged police violence against garment workers protesting for higher wages in Bangladesh….reports Asian Lite News Desk International human rights organisations have condemned the alleged violence and police
Go toTop

Don't Miss

No progress to CPEC over last three years

Out of 77 CPEC projects in the country, just 15

Parachinar: Pakistan’s new conflict hotspot

The Shia-Sunni conflict has been festering for decades over land