Prime Minister Shehbaz Sharif has said that the government was ready to make tougher decisions if needed to bring Pakistan out of its difficult phase.
Talking to media on Tuesday after a meeting of the federal cabinet, the premier laid the blame for the deteriorating economic conditions on the previous Pakistan Tehreek-e-Insaf (PTI)-led government’s poor performance.
PM Shehbaz said that the previous government reduced petrol prices on purpose to trap the next government.
He stated that the current government was giving Rs2,000 to more than 700 million deserving people in order to ease their problems. He told that more tax had been imposed upon the rich people in the budget for the next fiscal year 2022-23.
He said that the previous government did not work for the good of the country and reneged on its agreement with the International Monetary Fund.
During the cabinet meeting today, the prime minister said that the prices were raised due to the rising oil prices in the international market.
He also expressed the hope during the meeting that talks with IMF would bear fruit and the economic crisis would be overcome.
Moreover, Finance Minister Miftah Ismail attributed the massive hike in the petroleum prices to its global prices.
He stated during the meeting that this was the first budget wherein taxes were imposed on the rich while the poor were given relief.