BAFL 38.47 Increased By ▲ 0.02 (0.05%)
BIPL 17.49 Increased By ▲ 0.24 (1.39%)
BOP 3.97 Decreased By ▼ -0.10 (-2.46%)
CNERGY 3.04 Decreased By ▼ -0.04 (-1.3%)
DFML 16.26 Decreased By ▼ -0.29 (-1.75%)
DGKC 43.42 Decreased By ▼ -0.38 (-0.87%)
FABL 22.30 No Change ▼ 0.00 (0%)
FCCL 11.31 No Change ▼ 0.00 (0%)
FFL 6.44 Increased By ▲ 0.07 (1.1%)
GGL 9.27 Decreased By ▼ -0.22 (-2.32%)
HBL 90.44 Decreased By ▼ -0.06 (-0.07%)
HUBC 88.33 Increased By ▲ 0.63 (0.72%)
HUMNL 5.50 Increased By ▲ 0.01 (0.18%)
KEL 1.96 Decreased By ▼ -0.05 (-2.49%)
LOTCHEM 28.49 Decreased By ▼ -0.01 (-0.04%)
MLCF 29.94 Decreased By ▼ -0.26 (-0.86%)
OGDC 96.46 Decreased By ▼ -1.74 (-1.77%)
PAEL 9.94 Decreased By ▼ -0.05 (-0.5%)
PIBTL 3.86 Decreased By ▼ -0.03 (-0.77%)
PIOC 85.10 Decreased By ▼ -0.15 (-0.18%)
PPL 74.07 Decreased By ▼ -0.53 (-0.71%)
PRL 15.22 Decreased By ▼ -0.10 (-0.65%)
SILK 0.95 Decreased By ▼ -0.02 (-2.06%)
SNGP 46.98 Increased By ▲ 0.18 (0.38%)
SSGC 9.19 Decreased By ▼ -0.17 (-1.82%)
TELE 6.70 Decreased By ▼ -0.26 (-3.74%)
TPLP 12.24 Decreased By ▼ -0.09 (-0.73%)
TRG 88.02 Decreased By ▼ -2.13 (-2.36%)
UNITY 25.17 Decreased By ▼ -0.22 (-0.87%)
WTL 1.14 No Change ▼ 0.00 (0%)
BR100 4,626 Decreased By -30.1 (-0.65%)
BR30 16,569 Decreased By -93.8 (-0.56%)
KSE100 46,233 Decreased By -132.5 (-0.29%)
KSE30 15,989 Decreased By -183.2 (-1.13%)

Shehbaz rejects PM's relief package, terms it 'bundle of lies'

  • Opposition leader says inflation cannot be controlled when the prices of gas, electricity and petrol are increased
Published November 4, 2021

Opposition Leader and PML-N President Shehbaz Sharif has rejected Prime Minister Imran Khan’s relief package, saying it is a ‘bundle of lies’, Aaj News reported.

In a statement on Thursday, Shehbaz stated the premier, while addressing the nation, said that petrol prices will be increased in the country soon.

He added that inflation cannot be controlled when the prices of gas, electricity and petrol are increased. “To take seriously a government whose budget figures are unreliable is called nothing but self-deception. Relief for masses and PTI government are two opposite things,” he added.

He highlighted that the country had been trapped under the burden of foreign debts, and the terms of the International Monetary Fund (IMF) also doubled the troubles of the nation.

Targeted subsidy: PM Imran announces Rs120-billion relief package

“Sugar price has surpassed Rs130 per kilogramme in the wholesale market. The nation does not trust any of the government’s statements based on false promises,” said the PML-N leader.

Shehbaz said that PTI is trying to conceal its incompetence, corruption and wrong decisions by declaring inflation as a global issue.

PM's announces relief package

On Wednesday, PM Imran announced Rs120-billion programme that would see subsidised rates on ghee, pulses, and wheat flour.

During his address, he said: "This programme has been designed for 20 million eligible families, which translates to 130 million people."

"For the next six months, 30 percent discount would be given on these three food items."

USC raises prices of items hours before relief package announcement

Imran said that the Pakistan Tehreek-e-Insaf (PTI) government inherited a difficult economic situation. He thanked Saudi Arabia, the UAE, and China for providing the help that saved Pakistan from defaulting.

"We had to approach the IMF, we were stabilising the country for a year and then coronavirus came," he said.

"We were internationally acknowledged for being one of the few countries to deal with Covid-19 in the best manner."

Khan added that prices of petroleum products, which were kept constant at the start of this month, would have to be increased as the government is unable to take the hit on its revenue.

"In the past 3-4 months, oil prices have increased 100 percent globally but the increase in Pakistan is only 33 percent. I want to tell you that we will have to increase the oil prices in our country, otherwise our deficit will grow."


Comments are closed.

Shehbaz rejects PM's relief package, terms it 'bundle of lies'

Cut in rates of petroleum products

Meeting with Dr Shamshad: Banks, DFIs agree to set up private equity, venture funds

Moscow Format Consultations: Afghan govt asked to eliminate terrorist groups

Policeman martyred, 2 terrorists killed in attack in Mianwali

Income Tax return filing deadline extended to Oct 31

President dismisses FBR’s appeal against expats

Afghan embassy in India suspends operations

Five new cargo vessels heading for Ukrainian Black Sea ports

UN adopts new global rules to reduce chemicals harm

Rs63bn more than the target: Q1 tax collection stands at Rs2.041trn