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Atiiyaat Ke Baghair Mulk Chalana Pare Ga Kyun Kay Koi Dainay Ko Tayar Nahi Hai ,
ARY NEWS
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11/9/2024
Atiiyaat Ke Baghair Mulk Chalana Pare Ga Kyun Kay Koi Dainay Ko Tayar Nahi Hai ,
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00:00
There is so much tax on the working class, that a common man loses his salary for at least a month.
00:09
On the other hand, the Minister of Treasury has given an indication,
00:14
and there has been a lot of discussion in the last few days,
00:19
that no country can run on precaution.
00:23
The private sector will have to come forward.
00:25
But along with that, let's read his statement.
00:27
The Minister of Treasury, Mohammad Aurangzeb has said,
00:30
that if the targets of tax are not met,
00:34
and there is no increase in the annual income,
00:37
then the burden of tax will increase on the working class and the working class.
00:41
Now, let's try to read and understand these two statements.
00:45
Dr. Khan Najeeb is with us. He is a senior economist.
00:48
Thank you, Dr. Khan.
00:51
Dr. Khan Najeeb is with us. He is a senior economist.
00:55
Thank you very much, Dr. Khan.
01:21
Look, Anika, the thing is that at this time,
01:25
no one was ready to give you money,
01:27
when the IMF program was derailed last.
01:31
The funding that you have received, the reserves that have been built,
01:35
the empowerment that you have received,
01:38
is only because $16 billion has been deposited.
01:41
You had to return it.
01:43
You asked friendly countries and their commercial banks to deposit it.
01:47
You need a total of $26 billion.
01:50
The point is that no one is willing to give you money anymore,
01:54
on deposits, on long-term debts.
01:57
Even multilaterals have come back when the IMF came.
02:01
So, the economy of the ICU,
02:03
to the doctor of the ICU,
02:05
he has brought you back to the surgical table from there.
02:09
So, you have this room, you have this time, you have this space.
02:13
If a country has to run without reserves,
02:16
because no one is ready to give.
02:19
So, here's the following.
02:21
You tell me your growth strategy.
02:23
You went to fix your state's footprint.
02:26
You went to privatize.
02:28
You didn't do the premier privatization.
02:31
The work of reorganizing the energy sector has begun.
02:34
How will its formation be?
02:37
And in the end, how much will you be able to handle the expenditure?
02:42
You will be able to handle it and devolve it.
02:45
And you will be able to broaden the tax system.
02:48
Which means that you are going to implement agriculture income tax in January due to the fund.
02:55
With retailers, you have said that we will collect 50 million.
02:59
So, let's see what you can do.
03:01
Traders didn't get a good response.
03:03
And the third means retailers and wholesale.
03:07
And third, will you be able to properly fix the capital gains at the federal level and local level by collecting money?
03:17
The country is exactly standing here.
03:20
If all this work is done in this time and space,
03:23
then the country will move forward by exporting, earning locally and handling expenditures without getting the reserves.
03:31
Otherwise, we will be at the door of the IMF for 2-3 years.
03:34
If the program is completed, then we will be standing there again that it will be difficult.
03:40
I think that is the background which is really defining the current macro-stability to structural reform of Pakistan's economy.
03:49
Yes, you have said the structural reform thing very correctly, Dr.
03:52
Thank you very much for joining me in the program.
03:54
One thing is decided.
03:55
On one hand, we can see the stock exchange moving forward.
03:59
On the other hand, there is a lack of electricity in the power plants.
04:02
But on the third hand, till these structural reforms are not implemented,
04:05
till we do not shift policies from grassroots to top and do not implement them through and through,
04:12
till then our economy cannot improve.
04:14
Whether it is small or big gains, we have to go back to the blueprints.
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