AIRLINK 74.60 Increased By ▲ 0.31 (0.42%)
BOP 4.93 Decreased By ▼ -0.02 (-0.4%)
CNERGY 4.38 Increased By ▲ 0.01 (0.23%)
DFML 39.50 Increased By ▲ 0.70 (1.8%)
DGKC 85.40 Increased By ▲ 0.58 (0.68%)
FCCL 21.10 Decreased By ▼ -0.11 (-0.52%)
FFBL 33.95 Decreased By ▼ -0.17 (-0.5%)
FFL 9.75 Increased By ▲ 0.05 (0.52%)
GGL 10.46 Increased By ▲ 0.04 (0.38%)
HBL 112.62 Decreased By ▼ -0.38 (-0.34%)
HUBC 136.50 Increased By ▲ 0.30 (0.22%)
HUMNL 12.15 Increased By ▲ 0.25 (2.1%)
KEL 4.74 Increased By ▲ 0.03 (0.64%)
KOSM 4.49 Increased By ▲ 0.05 (1.13%)
MLCF 37.75 Increased By ▲ 0.10 (0.27%)
OGDC 136.50 Increased By ▲ 0.30 (0.22%)
PAEL 25.58 Increased By ▲ 0.48 (1.91%)
PIAA 19.80 Increased By ▲ 0.56 (2.91%)
PIBTL 6.68 Decreased By ▼ -0.03 (-0.45%)
PPL 122.00 Decreased By ▼ -0.10 (-0.08%)
PRL 26.75 Increased By ▲ 0.10 (0.38%)
PTC 13.95 Increased By ▲ 0.02 (0.14%)
SEARL 57.75 Increased By ▲ 0.53 (0.93%)
SNGP 67.39 Decreased By ▼ -0.21 (-0.31%)
SSGC 10.25 No Change ▼ 0.00 (0%)
TELE 8.38 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.20 Increased By ▲ 0.07 (0.63%)
TRG 63.26 Increased By ▲ 0.45 (0.72%)
UNITY 26.50 No Change ▼ 0.00 (0%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 7,804 Decreased By -6.1 (-0.08%)
BR30 25,156 Increased By 5.5 (0.02%)
KSE100 74,893 Decreased By -64.1 (-0.09%)
KSE30 24,067 Decreased By -16.1 (-0.07%)

Jamaat-e-Islami (JI) Khyber Pakhtunkhwa Senator Ameer Mushtaq Ahmad Khan has demanded that the details of the government's deal with the International Monetary Fund be disclosed.
Reacting to the government's plan to get a fresh bailout package from IMF, Mushtaq Ahmad in a statement issued here on Tuesday, said that the government move will bring further inflation, which could directly affect poor masses of the country.
The JI leader said that the IMF can determine prices of essential items, authority to give subsidy or not, and setting budget targets after striking deal with Pakistani authorities about new financial assistance package, which called it as a direct bargaining on Pakistan sovereignty and freedom.
Ahmad said the country's sovereignty and autonomy had put on stake for attainment of foreign loans. He criticized those claiming to suicide is better than getting loan, now took U-turn on their stance.
The JI leader noticed that the prices of gas and electricity as well as petroleum commodities had been increased before reaching consensus between Pakistan and IMF on financial bailout package, which would further increase.
He said the Pakistani currency will further depreciate in wake of agreement with IMF and value of US dollar will be also increased in market.
The party leader said the Pakistan economy cannot grow until and unless abstaining from loan economy and adopting of self-reliance policy. He criticized the incumbent government from very first day had initiated program to run the country on loans and donations.
Ahmad said that the deficit in first seven months had proved that the PTI is incapable of running the country. He said there is lack of mutual contacts between ministries, adding no clear vision and policy to pull out the country from current quagmire situation.
He also criticized the government for imposition of direct taxes on poor masses of the country. He said the economy has been ruined by taking irrational and unjust policies of the incumbent government.

Copyright Business Recorder, 2019

Comments

Comments are closed.