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PM Imran Khan announces some good news for Pakistanis ....

MenInG

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Wow, Bilawal and Co haven't even reached ISB yet, the PM has been forced to bring this.

If only the opposition could do vote of no confidence every month and dharnas than the awaam would enjoy more benefits.
 
Wow, Bilawal and Co haven't even reached ISB yet, the PM has been forced to bring this.

If only the opposition could do vote of no confidence every month and dharnas than the awaam would enjoy more benefits.

Challo at least Awaam ka fayeda
 
Pakistan are fortunate to have this man in charge at a time when the pandemic has wrecked many nations esp their economies.

While here in the UK are facing £3000 extra energy bills per year! Petrol is at record high, food is at a record high.

Not to mention we now have a war in Europe.

Pakistanis in the UK should consider a plan B. It may well be better, safer, defo cheaper to move to Pakistan within next few years.
 
This will be an economic disaster for Pakistan (petrol price reduction), however it makes political sense. Elections at latest are next year.

The awam has a huge sense of entitlement. They already have the cheapest petrol in the region, yet they are ungrateful and are blaming PTI for the prices. If PML N or PPP win they will subside petrol regardless of the economic costs for Pakistan, not to mention the currency. So its better for PTI to spend that money now, and raise the prices after they win the election. And if they lose well PML N or PPP will have a bankrupt country to manage like PTI had in 2018.
 
This will be an economic disaster for Pakistan (petrol price reduction), however it makes political sense. Elections at latest are next year.

The awam has a huge sense of entitlement. They already have the cheapest petrol in the region, yet they are ungrateful and are blaming PTI for the prices. If PML N or PPP win they will subside petrol regardless of the economic costs for Pakistan, not to mention the currency. So its better for PTI to spend that money now, and raise the prices after they win the election. And if they lose well PML N or PPP will have a bankrupt country to manage like PTI had in 2018.

So what's the difference between the good PTI and Thugs of PMLN and PPP? We were told PTI don't care for their self and political future but only care for Pak future? And fyi economy is already on ventilator even before these fake subsidies decision by IK. This just proves he is no different from all those corrupt politicians who just care for votes and winning next election.
 
So what's the difference between the good PTI and Thugs of PMLN and PPP? We were told PTI don't care for their self and political future but only care for Pak future?

Jaise Awam Waise Hukmaran. He has no choice.

And yes he cares about his seat, yes he made false promises and told blatant lies, however he still is Pakistans best hope for a better future.

And fyi economy is already on ventilator even before these fake subsidies decision by IK. This just proves he is no different from all those corrupt politicians who just care for votes and winning next election.

If he wins the next election, he can continue to make incremental reform. He has done alot based on the circumstances he was in.

If PML N wins, well we have seen Daronomics from 2013 to 2018.

And if PPP wins, they will make rest of Pakistan like interior Sindh.
 
He is an honest man doing his best after decades of abuse by former governments. At least he is mostly in Pak unlike Nawaz and Zardari who were always on foreign trips.
 
Pakistan Will Cut Energy Prices to Offset Rising Costs After Invasion

Critics said the move by Prime Minister Imran Khan was aimed at stemming increasing criticism of his handling of the economy and would provide only temporary relief.

ISLAMABAD, Pakistan — Prime Minister Imran Khan of Pakistan announced Monday that he was slashing fuel and electricity prices to help offset rising global energy prices because of the Russian invasion of Ukraine.

The surprise move comes at a time when Mr. Khan is facing increasing political discontent at home, and opposition political parties plan big protest rallies in March against rising inflation and Mr. Khan’s handling of the economy.

Fuel and electricity prices have risen steeply in Pakistan in recent months as Mr. Khan’s government carried out painful reforms under a bailout package by the International Monetary Fund. Earlier in February, the I.M.F. approved releasing a tranche of $1 billion of a $6 billion package after protracted negotiations with Pakistani officials.

In a wide-ranging televised speech on Monday, Mr. Khan said that he was cutting gasoline and diesel prices by the equivalent of about 22 cents a gallon and electricity rates by about 3 cents per kilowatt-hour.

The reductions take effect on Tuesday and will remain in effect until June, he said, when the next budget year begins.

Mr. Khan defended his government’s handling of the economy, asserting that he had inherited a weak economy burdened with huge internal and external deficits.

A former cricket star turned politician, Mr. Khan won the general elections in 2018, basing his campaign on an anti-corruption and an anti-American foreign policy campaign. Since coming to power, he has struggled to stabilize a weak economy, and relations with the United States have chilled.

However, he has frequently praised China, a longstanding ally of Pakistan, and has courted President Vladimir V. Putin of Russia.

Mr. Khan visited Moscow last week to meet with Mr. Putin, and to press for a multibillion-dollar gas pipeline to be built by Pakistani and Russian companies.

No deal on a pipeline has been announced but in his speech on Monday, Mr. Khan said that Pakistan had agreed to buy 2 million tons of wheat from Russia.

He did not comment on Russia’s invasion of Ukraine, but in a statement after his meeting with Mr. Putin on Thursday, said that he “regretted the latest situation between Russia and Ukraine” and hoped that “diplomacy could avert a military conflict.”

Analysts said that the relief on energy prices would prove to be temporary as it would increase inflationary pressures on the economy.

“The subsidies will only add to the fiscal deficit and are completely contrary to the agreements reached with the I.M.F.,” Uzair Younus, the director of the Pakistan Initiative at the Atlantic Council, said. “The increased deficits and borrowing will pressure the rupee in the coming weeks, crowd out private investment, and create medium-term economic instability and vulnerabilities.”

Khalid Mahmood Rasool, a Lahore-based newspaper columnist, described the measures as “an abrupt counterweight to the building-up political heat.”

The opposition Pakistan Peoples Party has started a protest march from the southern port city of Karachi that is expected to reach Islamabad, the capital, on March 8.

Opposition political parties are also currently involved in intense negotiations to bring a vote of no-confidence in Parliament against Mr. Khan.

“The announcement of reduction in petrol and electricity prices is a last-ditch, desperate but unsuccessful attempt to save his job,” said Marriyum Aurangzeb, the information secretary of opposition Pakistan Muslim League-Nawaz political party.

She said that Mr. Khan’s government had increased fuel and electricity rates over the last three years substantially more than the reductions announced Monday.

Mr. Khan also announced tax exemptions in the information technology sector, cash assistance to farmers, and interest-free loans to students and low-income individuals to start businesses and construction of homes.

https://www.nytimes.com/2022/02/28/world/asia/pakistan-energy-inflation.html
 
Jaise Awam Waise Hukmaran. He has no choice.

And yes he cares about his seat, yes he made false promises and told blatant lies, however he still is Pakistans best hope for a better future.



If he wins the next election, he can continue to make incremental reform. He has done alot based on the circumstances he was in.

If PML N wins, well we have seen Daronomics from 2013 to 2018.

And if PPP wins, they will make rest of Pakistan like interior Sindh.

There is a difference between reforma and ordinances..
 
Recently increased accumulated tax net I'm guessing

its purpose was to reduce the fiscal deficit, this i beleive would reverse that. increasing spending from fiscal proceeds is an act of income redistribution from the rich to the poor. increasing spening from widening your deficit is an act of income redistribution from the poor of tomorrow to the poor of today.
 
Who is this delusional man trying to fool? Jack up the price of petrol by 25 rupees and then lower it by Rs 5 to look good! Classic example of gimmickry and fraud!
 
Who is this delusional man trying to fool? Jack up the price of petrol by 25 rupees and then lower it by Rs 5 to look good! Classic example of gimmickry and fraud!

Am guessing you are keeping an eye on oil prices around the world.
 
Prime Minister Imran Khan on Tuesday emphasised the importance of industrialisation for Pakistan as he announced an industrial package just a day after slashing petrol and power prices as part of relief measures for the public.

Addressing a ceremony in Lahore during his day-long visit, the premier reflected on his time in government, saying the first thing his party should have done after coming into power was to encourage industrialisation.

"The biggest thing I should have done on the very first day [in office] was announce the package that I have given to the business community today," he said.

No country could progress by selling vegetables and wheat, he said, adding that Pakistan had been progressing rapidly 50 years ago but "nationalisation took us on a different trajectory and we never recovered" as he lamented that the past governments were "divorced from the direction they should have been on".


Industrial package features:

Incentives for investing in small and medium industries
Incentives for restoring, investing in sick units
Overseas Pakistanis to get five-year tax holiday when investing in the country
Tax rate will be decreased by widening the tax base
No questions will be asked for investments in the industrial sector

The prime minister said the previous governments had been against wealth creation and devised policies that were against profit-making, which he termed as a "socialist mindset".

"We had decided at the start to focus on industrialistion, [especially] the export-oriented industry. But, I see now the amnesty we gave ... we should not have given an open amnesty, we should have [instead] directed it towards industry."

He noted that the dollar crisis keeps on recurring if a country's exports do not increase. "Whenever our economy started growing [in the past], there would be a dollar deficit and we would have to go to the IMF (International Monetary Fund). There was no long-term planning," he rued.

The premier shared the aspects of the incumbent government's industrial policy, which he said would divert the "money lying in plots and not being productively used" in investment in the country's industries, ending unnecessary checks and creating ease for small and medium enterprises (SMEs) and incentivising investment in 'sick' industries.

Overseas Pakistanis

Calling overseas Pakistanis the country's "biggest asset", the prime minister said he understood the obstacles they faced in investing in Pakistan. There was a lack of contract enforcement and overseas Pakistanis were "ruined" by courts if they approached them. Overseas Pakistanis would buy land but it would be taken over by land grabbers, he said.

"So we took action against land grabbers. We have set up courts for overseas Pakistanis and now we are inviting them [to invest] — they will have a five-year tax holiday, no questions asked. And if they do a joint venture with any Pakistani company, then both will get a 5-year tax holiday. The goal is to attract investment," he said.

He said that remittances had also risen to record levels after they were incentivised.

"As their trust increases that they can invest their capital in industry, this country will take off industry-wise. Successful Pakistani businessmen [overseas] will bring their money here. They have skills and money. They just need confidence and incentives."

IT sector

The premier said that his government should have given the information technology sector an amnesty at the start of its term. "Look at how [the IT sector in] India has grown. They have exports of $40 billion annually and ours ... even after export grew 70 per cent is not even $4bn."

He lamented that the government had treated IT "like any other industry", noting that for the first time in Pakistan, both IT companies as well as freelancers have been incentivised "completely".

He added that the government needed to hold boot camps and change the syllabus at the university level.

"For an independent and honourable foreign policy, it is necessary that the country is standing on its feet. When a country is going around with hands [asking] for aid, participating in others' wars and making a foreign policy that is against the interests of its citizens because it is not standing on its own feet, the world does not respect it," he said.

"Let us make clear what our direction is: We have to industrialise Pakistan, give all sorts of incentives, remove all sorts of obstacles for small and medium industries and give every sort of facility to overseas Pakistanis."

DAWN
 
Some really good news for the IT sector. A lot of start ups are raising decent amount of investments in the last year or so, but there is so much more room to grow. This area has been ignored for a very long time, which has left Pakistan way behind the rest of the world.
 
So they will keep printing money lol, this isnt gonna solve anything. The best thing for pakistanis would be to trade with India...

The army has full control and they are more corrupt then the politicians... siding with communism is never gonna help anyone. History is there for everyone to see.
 
Lol at the badniyat, good for nothing opposition, after bashing IK for the past 3 years for the inflation, rising fuel and electricity prices in Pakistan, they are now asking "How and why are you reducing the price of oil, gas, electricity when these prices are going up worldwide?". If only our Awaam didn't have short term memories and would hold these crooks accountable.
 
Imran's eyewash relief package to add to inflation: Abbasi

ISLAMABAD:
Former prime minister and Pakistan Muslim League-Nawaz (PML-N) Senior Vice President Shahid Khaqan Abbasi has said that the Pakistan Tehreek-e-Insaf (PTI) government's desperate relief plan fiasco would further destroy the national economy, burden the people with more taxes and make the future of Pakistan bleaker.

At a press conference in Islamabad, flanked by former finance minister Miftah Ismail, Abbasi said that the incumbent government had already surrendered the entire economy and national economic institutions to the International Monetary Fund (IMF). In its mini-budget, PTI imposed over Rs700 billion in taxes on the people.

"Imran Khan has announced a relief package but there is no money allocated in the main or the mini-budget foray for this. This means that this package is a desperate action to take more loans and add more burden to the economy to win back voters who had abandoned Imran due to the disastrous PTI rule," he lamented.

Abbasi said the PTI had clearly said that there was no room for any reduction in petrol prices and electricity prices because it had to fulfil the pledges made to the IMF, adding that this package means that the government would make running the country virtually impossible for anyone who proceeds after them.

“This strategy was a clear manifestation of intentionally destroying the national economy for political gains and vengeance at the same time,” he added, further claiming that inflation would increase due to a decrease in the power tariff by Rs5 per unit.

The former prime minister stated that Khan’s speeches did not mention the budget and Pakistan will have to fulfil the IMF policies by taking additional loans, leading to further inflation will increase.

Abbasi said that the prime minister denied all his policies and said that the government is reducing inflation which is contrary to the reality as the prices of petrol and diesel increased Rs40 in the past four months. If the government was to curb the inflation then they should have slashed the prices of wheat, ghee and sugar, he added.

The PML-N leader said that the people of the country were in such a miserable state that these crutches offered by the government would not bear the burden of this catastrophic PTI government. He further said that the government came to power in an unconstitutional manner but will be sent home packing in a constitutional way.

“The so-called accountability was brutally exposed with no evidence and no witnesses but mere false accusations by PTI touts and abuse of power by Imran Khan to misuse authority,” he maintained.

https://tribune.com.pk/story/2345991/imrans-eyewash-relief-package-to-add-to-inflation-abbasi
 
Prime Minister Imran Khan on Wednesday launched an interest-free loan programme worth Rs407 billion under the Kamyab Pakistan Programme, which he said would contribute to making the country's low-income groups self-reliant.

Addressing the programme's launching ceremony at Faisal Mosque in Islamabad, the premier said 4.5 million families would benefit from interest-free loans under this initiative to set up small businesses, construct homes, start farming and acquire technical education.

He added that Rs2.5bn had been disbursed by the government among the low-income groups in various welfare schemes so far, and that banks had also given loans worth Rs55bn after the government encouraged them to facilitate the common man.

The prime minister stressed the need for transforming Pakistan into a welfare state, along the lines of the state of Madinah, saying that the country was envisioned as a socio-welfare state.

But deviation from this ideology increased difficulties for the common man, he regretted.

He said that he would be launching the Rehmatul-lil-Aalameen Authority tomorrow (Thursday), a body envisioned by him for researching how best to disseminate lessons from the life of the Holy Prophet (PBUH) to the public.

The prime minister further said the "biggest" initiative taken by his government to facilitate citizens was the issuance of 'Naya Pakistan Health Card'. He added that by the end of March, all families in Punjab would get the health card, reiterating the announcement he had made at the launch of the programme for the province in December last year.

https://www.dawn.com/news/1677887/pm-imran-launches-interest-free-loan-programme-worth-rs407bn
 
Pakistan are fortunate to have this man in charge at a time when the pandemic has wrecked many nations esp their economies.

While here in the UK are facing £3000 extra energy bills per year! Petrol is at record high, food is at a record high.

Not to mention we now have a war in Europe.

Pakistanis in the UK should consider a plan B. It may well be better, safer, defo cheaper to move to Pakistan within next few years.

A country on life support from the west and gulf arabs , a country that could be sanctioned or default anytime.

A country that is not even self sufficient in food production anymore needs to import wheat .

A country with a third world health care system and no welfare for people on low wages or poverty.

And you want people to upsticks and leave to an uncertain future.

Let me tell you if the west sanctions pakistan like russia or pakistan can't pay its debts and defaults the country will be in a worser position than afghanistan and Somalia. You will have famine and mass poverty. Because what are they going to pay to get wheat from abroad ? We will be living on food aid like Africans.

Majority of pakistanis are malnourished compared to Afghans and Somalians who are very Hardy race of people.
 
A country on life support from the west and gulf arabs , a country that could be sanctioned or default anytime.

A country that is not even self sufficient in food production anymore needs to import wheat .

A country with a third world health care system and no welfare for people on low wages or poverty.

And you want people to upsticks and leave to an uncertain future.

Let me tell you if the west sanctions pakistan like russia or pakistan can't pay its debts and defaults the country will be in a worser position than afghanistan and Somalia. You will have famine and mass poverty. Because what are they going to pay to get wheat from abroad ? We will be living on food aid like Africans.

Majority of pakistanis are malnourished compared to Afghans and Somalians who are very Hardy race of people.

Who put country on life support?

Why would the west sanction Pakistan like Russia? who has Pakistan invaded? melodramatic to say the least.
 
In other news, gas prices have been jacked up by a massive Rs 68 MMBTU. See, this is Khan’s modus operandi, decrease price of item A then discreetly increase of item B to compensate. Master manipulator!

You want hand outs? living in HK does China give hand outs?
 
You want hand outs? living in HK does China give hand outs?

Why make talk claims about petrol and gas prices when in the opposition? It is not about giving out handouts, it is about hypocrisy, incompetence, and showmanship and Imran is a master at these arts.

By the way, HK government just announced that every citizen will get HK $10000. ;)
 
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