Amidst the economic crisis in Pakistan, the Pakistan Tehreek-e-Insaf (PTI) government led by Imran Khan introduced the Finance Bill in the National Assembly. This bill has increased the concerns of the people of Pakistan, because if it is passed, the people will be hit by inflation.
Pakistan Prime Minister Imran Khan
Pakistan Economy Crisis: Imran Khan captured power by promising ‘Naya Pakistan’Pakistan PM Imran KhanToday the country of many serious economic crises (Economy Crisis) is surrounded. Say that, the situation in Pakistan has become so bad at this time that, on one side there is a well for the Imran Khan government and on the other side the situation of a ditch has become. In fact, Imran Khan can either save Pakistan from being a financial defaulter or he can stop the resentment of the people against his government, because it is not possible to do both things at the same time.
Imran Khan had promised the people of Pakistan that he would make the country financially strong, but in the neighboring country today everything is going in reverse. At the same time, such apprehensions are being raised by the reports of Pakistani newspapers themselves, in which it is clearly being said that the country is going through a serious economic crisis.
Finance Bill introduced amid economic crisis
According to a BBC reportThe Pakistan Tehreek-e-Insaf (PTI) government led by Imran Khan, where the Finance Bill was presented in the National Assembly. With this supplementary finance bill, the government of Pakistan will get the right to levy indirect taxes of 360 billion rupees, or two billion dollars.
After the bill is fully passed, sales tax exemption of Rs 343 billion on machinery, pharma and imported food items will be withdrawn. Apart from this, the rates of excise duty, income tax, sales tax in services will increase.
The condition of the country is disappointing the people
Actually, the condition of Pakistan is disappointing the people of the country, due to which people have come out against the Imran Khan government, while the opposition parties also clearly allege that the government has surrendered to the IMF.
The matter of concern for the people of Pakistan is that, if this bill is passed, the rates of excise duty, income tax, sales tax in services will increase, that is, food items will become expensive.
Imran government on target of opposition
On the other hand, according to Bilawal Zardari Bhutto, chairman of the Pakistan Peoples Party, the people of Pakistan will have to pay the price for the collusion between the IMF and Imran Khan. It is worth noting that recently, in a report of the World Bank, it was revealed that Pakistan has joined the list of top 10 countries in foreign debt.
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