Monday, July 4, 2022

Govt unable to satisfy IMF despite increasing power rate by 50%: Shaukat Tarin

Govt unable to satisfy IMF despite increasing power rate by 50%: Shaukat Tarin
June 17, 2022 Web Desk

ISLAMABAD (92 News) - Former finance minister Shaukat Tareen has said that the government is unable to satisfy the International Monetary Fund (IMF) despite increasing the power rate by 50 percent.

In a tweet on Friday, he said: "Despite increasing petrol and diesel prices by Rs84 and 115 per litre respectively and power prices by 50%, you have not been able to satisfy the IMF. Latest economic survey released by your govt validates our strong economic performance, so stop blaming us and improve performance of your government.

"Mian Shahbaz Sharif has again blamed PTI's agreement with the IMF for the price-hike. I want to remind him that economy was growing, the exchange rate was strong, inflation was moderate, stock exchange at 46k and Kibor at 11.5%. Everything has gone South since your government has come in.

"Mian Sahib, instead of passing all the pain of international commodity price increase to the common man, ask your team to go to Russia, introduce targeted subsidies, cut non-essential expenses and increase the FBR revenues to provide a relief. This is what we would have done."

In another tweet, Shaukat Tarin said: "Removal of Pakistan from the FATF grey list is yet another feather in PTI's cap. After producing strong economic results in the last two years, successfully managing Covid and now the FATF, the question is why was Imran Khan's govt changed?"