AIRLINK 76.00 Decreased By ▼ -4.00 (-5%)
BOP 5.19 Increased By ▲ 0.01 (0.19%)
CNERGY 4.50 Increased By ▲ 0.04 (0.9%)
DFML 35.10 Decreased By ▼ -0.06 (-0.17%)
DGKC 77.84 Increased By ▲ 0.96 (1.25%)
FCCL 20.21 Increased By ▲ 0.23 (1.15%)
FFBL 36.25 Increased By ▲ 0.65 (1.83%)
FFL 9.57 Increased By ▲ 0.04 (0.42%)
GGL 10.05 Decreased By ▼ -0.11 (-1.08%)
HBL 117.25 Increased By ▲ 0.25 (0.21%)
HUBC 133.00 Increased By ▲ 0.50 (0.38%)
HUMNL 7.04 Decreased By ▼ -0.02 (-0.28%)
KEL 4.56 Decreased By ▼ -0.09 (-1.94%)
KOSM 4.55 Decreased By ▼ -0.10 (-2.15%)
MLCF 37.30 Decreased By ▼ -0.20 (-0.53%)
OGDC 136.60 Increased By ▲ 2.13 (1.58%)
PAEL 23.06 Increased By ▲ 0.16 (0.7%)
PIAA 26.67 Increased By ▲ 0.04 (0.15%)
PIBTL 6.72 Decreased By ▼ -0.09 (-1.32%)
PPL 115.75 Increased By ▲ 3.65 (3.26%)
PRL 27.62 Increased By ▲ 0.42 (1.54%)
PTC 14.45 Increased By ▲ 0.07 (0.49%)
SEARL 56.31 Decreased By ▼ -0.08 (-0.14%)
SNGP 68.69 Increased By ▲ 1.69 (2.52%)
SSGC 10.88 Increased By ▲ 0.05 (0.46%)
TELE 9.17 Decreased By ▼ -0.12 (-1.29%)
TPLP 11.01 Decreased By ▼ -0.17 (-1.52%)
TRG 67.50 Decreased By ▼ -1.50 (-2.17%)
UNITY 25.35 Decreased By ▼ -0.14 (-0.55%)
WTL 1.32 No Change ▼ 0.00 (0%)
BR100 7,573 Increased By 50.6 (0.67%)
BR30 24,649 Increased By 247.2 (1.01%)
KSE100 72,008 Increased By 312.7 (0.44%)
KSE30 23,684 Increased By 142.4 (0.6%)

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) president and opposition leader in the National Assembly, Shehbaz Sharif has strongly condemned the proposed 35 percent increase in gas tariff and demanded an immediate reversal of the plan.

The PML-N president’s response to the government proposed increase in gas tariff comes through a statement in which he stated that these “tariff bombs” were being dropped on the people because the government was fulfilling the conditions of the International Monetary Fund (IMF) budget, which was the consequence of the most terrible deal with the IMF.

“The government shamelessly lied to the entire nation about presenting a budget without any fresh taxes. Every single word said by PML-N has turned out true about the budget and financial policies of the disastrous Imran government. PML-N warned that there would be a tsunami of new taxes and inflation in the country after this fraud budget. The entire country has seen now what a farce that budget was,” Shehbaz said in statement here.

He said that the unjustified increase in gas tariff was a blunder and called on Prime Minister Imran Khan’s government to stop crushing the masses with one act of cruelty after the other.

He said there was no capacity in the people to bear any more financial burden and with its vicious steps the PTI government was pushing the country towards a civil war.

He said that no amount of increase in tariffs would solve the financial problems of the country because the core reason for the troubles in economy were the Imran government’s “corruption and incompetence”.

This tariff hike in electricity and gas would only make life worse for the people.

It would lead to an inflation chain reaction, which would raise the price of chapatti (bread).

They raised the electricity tariff by Rs5 earlier this week and this gas tariff increase in addition to 141 percent earlier, would hammer in the last nail in the coffin, he said.

He added that the government had caused “the 9/11 of Pakistan’s economy” and it was now making a “Torabora of the nation” with the unending inflation rate increase. This shows that this government did not even understand the A, B, C, of economic policies. Imran should spare the nation and instead of committing mass murder of Pakistanis, should step down and go home. Why should the people pay the price for Imran’s incompetence, inabilities, and ignorance?

He said the government said tariffs hike would end the debt of gas companies but the truth is that these companies were more in debt than in any other time.

It had been two years but these companies had neither completed their audit, not had they made their accounts public, he stated.

Even the gas companies had been destroyed by Imran’s incompetence, he said.

Pakistan today was providing the world’s most expensive LNG and had the highest electricity and gas tariffs in the region, thanks to Prime Minister Imran Khan.

Pakistan was now among the countries with the highest inflation rate with the lowest income, he pointed out.

Copyright Business Recorder, 2021

Comments

Comments are closed.