{"id":17153,"date":"2023-06-16T16:38:26","date_gmt":"2023-06-16T11:38:26","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=17153"},"modified":"2023-06-16T16:38:26","modified_gmt":"2023-06-16T11:38:26","slug":"unrealistic-ppp-accuses-pml-n-of-pushing-populist-budget-ahead-of-elections","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/unrealistic-ppp-accuses-pml-n-of-pushing-populist-budget-ahead-of-elections\/","title":{"rendered":"‘Unrealistic’: PPP accuses PML-N of pushing populist budget ahead of elections"},"content":{"rendered":"

Pakistan Peoples\u2019 Party (PPP) Friday called out its ruling partner, Pakistan Muslim League-Nawaz (PML-N), for presenting an “unrealistic\u201d and \u201celection-oriented budget”, questioning the party\u2019s intention behind this \u201cpopulist\u201d move despite economic uncertainty.<\/p>\n

PPP’s Nafeesa Shah, during the debate over the budget in the meeting of the National Assembly\u2019s Standing Committee on Finance and Revenue, said that Shehbaz Sharif-led government told the lawmakers that \u201ctough decisions\u201d would be taken in the budget; however, no such measure was unveiled.<\/p>\n

Finance Minister Ishaq Dar unveiled an Rs14.5 trillion (around $50.5 billion) budget on June 9, with over half set aside to service Rs7.3 trillion of debt, raising concerns from various stakeholders about the economy’s future.<\/p>\n

\u201cAn economic storm is looming over our heads,\u201d she warned, lamenting that the International Monetary Fund (IMF) is pressurising Pakistan and the economy will be in more trouble in the coming days.<\/p>\n

Committee Chairman Qaiser Ahmed Sheikh regretted that despite his important position, he wasn\u2019t briefed, \u201ceven asked for a briefing about IMF matters but wasn\u2019t given any update.\u201d<\/p>\n

Read more:\u00a0Pakistan hopes to sign IMF deal before budget: Bloomberg<\/a><\/strong><\/em><\/p>\n

Highlighting the issues which were still unaddressed, the chairman said that no action was taken against those banks which subjected businessmen to injustice and refrained from opening letters of credit (LCs) due to which containers are stuck are ports and those who manipulated the dollar rate.<\/p>\n

Dar defends budget<\/h2>\n

At the outset of the hearing, the committee expressed displeasure over the absence of Finance Minister Ishaq Dar. \u201cI don\u2019t know what problem the finance minister has with this committee,\u201d Sheikh said, adding that the entire business community was present in the meeting with their business proposals.<\/p>\n

However, Dar arrived at the meeting later and briefed the committee about the federal budget for the fiscal year 2023-24.<\/p>\n

The finance minister cited the delay in talks with the IMF major reason behind the delay in the preparation of the budget strategy paper.<\/p>\n

\u201cEven if this wouldn\u2019t have been an election year the budget would have remained the same,\u201d he said in response to the complaints registered by the PPP leader.<\/p>\n

Dar claimed that the tax targets had been set according to the inflation and growth rate. He also told the NA panel that a report had been sought from the Federal Board of Revenue (FBR) chairman.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pakistan Peoples\u2019 Party (PPP) Friday called out its ruling partner, Pakistan Muslim League-Nawaz (PML-N), for presenting an “unrealistic\u201d and \u201celection-oriented budget”, questioning the party\u2019s intention behind this \u201cpopulist\u201d move despite economic uncertainty. PPP’s Nafeesa Shah, during the debate over the budget in the meeting of the National Assembly\u2019s Standing Committee on Finance and Revenue, said […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,147],"tags":[8361,567,5423,609,1201,131,253,246],"class_list":["post-17153","post","type-post","status-publish","format-standard","hentry","category-pakistan","category-politics","tag-budget-2023","tag-federal-board-of-revenue","tag-ishaq-dar","tag-pakistan-muslim-league-nawaz","tag-pakistan-peoples-party","tag-fbr","tag-pmln","tag-ppp"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/17153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=17153"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/17153\/revisions"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=17153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=17153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=17153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}