ISLAMABAD : Finance minister, Miftah Ismail , on Thursday said Pakistan was now out of default risk and unlocking of petroleum product prices worked to pull back the country from bankruptcy. Miftah Ismail addressed a press conference with Information minister , Maryam Aurangzeb, here to share details of the Chinese loans.
The Finance minister lashed out at the Pakistan Tehreek e Insaf (PTI) government for doing politics over the national economic decisions. He said Imran Khan government dishonoured the agreement with the International Monetary Fund (IMF) which added to Pakistan’s economic woes . He said the government has adopted a strategy to impose taxes on the rich and a paid burdening the poor who were already under financial pressure. He said there was no harm in taxing the rich as it is time to sacrifice and share burden by affluent . He maintained that
1 per cent tax will be increased on people whose annual income was over Rs150 million, 2pc more for those earning over Rs200 million or more and those earning over Rs250 million to pay 3pc additional tax. He said his industry is also among those which would pay additional tax on income and it is a sign of satisfaction for him.
He said PTI government intentionally damaged economy of the country after feeling that it was being voted out through no confidence motion and it drag the country to the brink of bankruptcy . Miftah claimed that due to hard work and better policing of the government. Pakistan has come out of risk of default . The minister showed confidence that Pakistan’s economy will be out of woods in very near future when its rupee will again gain more value against the US dollar .
