AIRLINK 74.64 Decreased By ▼ -0.21 (-0.28%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 42.44 Increased By ▲ 2.44 (6.1%)
DGKC 87.02 Increased By ▲ 0.67 (0.78%)
FCCL 21.58 Increased By ▲ 0.22 (1.03%)
FFBL 33.54 Decreased By ▼ -0.31 (-0.92%)
FFL 9.66 Decreased By ▼ -0.06 (-0.62%)
GGL 10.43 Decreased By ▼ -0.02 (-0.19%)
HBL 114.29 Increased By ▲ 1.55 (1.37%)
HUBC 139.94 Increased By ▲ 2.50 (1.82%)
HUMNL 12.25 Increased By ▲ 0.83 (7.27%)
KEL 5.21 Decreased By ▼ -0.07 (-1.33%)
KOSM 4.50 Decreased By ▼ -0.13 (-2.81%)
MLCF 38.09 Increased By ▲ 0.29 (0.77%)
OGDC 139.16 Decreased By ▼ -0.34 (-0.24%)
PAEL 25.87 Increased By ▲ 0.26 (1.02%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.80 No Change ▼ 0.00 (0%)
PPL 123.58 Increased By ▲ 1.38 (1.13%)
PRL 26.81 Increased By ▲ 0.23 (0.87%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 58.53 Decreased By ▼ -0.45 (-0.76%)
SNGP 68.01 Decreased By ▼ -0.94 (-1.36%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.05 Decreased By ▼ -0.01 (-0.09%)
TRG 63.21 Decreased By ▼ -0.98 (-1.53%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.42 Decreased By ▼ -0.03 (-2.07%)
BR100 7,943 Increased By 105.5 (1.35%)
BR30 25,639 Increased By 187.1 (0.73%)
KSE100 75,983 Increased By 868.6 (1.16%)
KSE30 24,445 Increased By 330.8 (1.37%)

LAHORE: Endorsing the PDM's decision to launch nationwide protests against soaring inflation, Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif said on Monday that nothing could be more catastrophic than an enormous hike made in petroleum products' prices.

As long as the PTI government is in power, the economy will keep getting destroyed, Shehbaz said, while briefly talking to media here on Monday. "The more, the PTI remains in power, the more the economy will suffer," he said. "The PTI government has failed to deliver."

Despite inflation, the IMF has called for imposing new taxes. Medicines have become out of reach of the people who are finding it difficult to make their both ends meet, he said. He said the government had completely failed to control the dengue virus. "We will come out on the roads against price hike," he said.

Earlier, Shehbaz Sharif in a tweet said the PTI government was eating into the vitals of bond between the state and its citizens by instilling widespread despair due to its incompetence. Shehbaz said it was a very dangerous situation and he was deeply concerned about the implications of increasingly audacious and heartless anti-people policies of that regime. He also lambasted the government led by PTI over its incompetence in managing national affairs.

"Every other day brings new evidence of PTI government's gross incompetence in managing national affairs," he added. Shehbaz said, "Cost of its obsession with self-preservation is a falling rupee, record inflation, dysfunctional economy, poor governance and institutional incoherence."

On the other hand, Opposition leader in Punjab Assembly Hamza Shahbaz told media that the PTI government was imposing new taxes on the instructions of International Monetary Fund (IMF). Hamza said the poverty-stricken people were facing difficulties in earning their livelihood due to increasing inflation. He announced to take to streets for providing relief to the people. The PTI government was on 'ventilator' as it had failed to resolve the national issues, he added.

Copyright Business Recorder, 2021

Comments

Comments are closed.