8.2 C
New York
Wednesday, February 8, 2023
HomeWorldPakistancountries economy spoiled if power sector not optimized: Miftah Ismail

countries economy spoiled if power sector not optimized: Miftah Ismail

Finance Minister Miftah Ismail addresses post-budget 2022-23 press conference in Islamabad on June 11, 2022 – PID
  • “1 billion 110 billion rubles have been allocated. for in power subsidize it year” says Myth.
  • He says coalition the government was rated the most.
  • Ismail adds this khan took 79% of credits taken by all PMs combined.

ISLAMABAD: Finance Minister Miftah Ismail said on Tuesday that if problems of in power the sector is not optimized, economy get worse.

Speaking at national budget conference in Islamabad, finance minister 1 billion 110 billion rubles were allocated. for in power subsidize it year. ” coalition governments budget got the highest score, he said. added.

Finance minister said that the previous government took record loans and government received notification of this just currently.

He added what former prime minister and PTI Chairman Imran Khan took 79% of loans taken by all prime ministers combined.

“But former finance minister Shaukat Tarin claimed Khan took 76% of loans”.

Read more: Coalition government unveils Rs 9.5 trillion ‘stabilisation’ budget for 23 FG

Ismail said that development budget for this is year is 550 billion rupees, and next years development budget 800 billion rubles were allocated.

led by Shahbaz Sharif coalition government On Friday, the “toughest” federal budget for fiscal year 2022-23 in National Assembly with expenses of 9.5 trillion rupees on tough terms of International Monetary Fund (IMF) for revival of $6 billion loan program stalled for months over policy violations.

Read more: The IMF is not happy over default of their income tax proposals

One day after budget was announcedIsmail reported that the IMF is still unhappy with in government over in the budget, mainly because they did not implement the measures he proposed on personal income tax (PIT).

He admitted that he had no choice but to accept more hard decisions. He said further changes would made in budget appropriations in 15 days.

Follow World Weekly News on

Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

Leave a Reply

Must Read