Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
Like
Comments
Bookmark
Share
Add to Playlist
Report
Govt Announces Plan to Sell Institutions on a Monthly Basis to Ease Financial Burden on Treasury...
ARY NEWS
Follow
3/11/2025
Govt Announces Plan to Sell Institutions on a Monthly Basis to Ease Financial Burden on Treasury...
Category
🗞
News
Transcript
Display full video transcript
00:00
The delegation of the IMF is present in Pakistan.
00:02
Today, when the Cabinet had a meeting, the Prime Minister also told the Cabinet,
00:07
that the various government ministries are successfully resolving the issue.
00:15
Now, what are the things that are being resolved in these matters,
00:19
what are the demands of the IMF that we are going to meet,
00:22
Mr. Shoaib Nizami is present with us, let's know from him.
00:24
Now, it is being said that some institutions have to be privatized as soon as possible.
00:30
Tell us about that and the news that the money has come under stress.
00:36
Look, there is a whole plan of privatization that is being discussed,
00:39
and the problem is that the report that has come out,
00:42
there are losses of Rs. 864 billion in SOEs,
00:45
and these SOEs have not been privatized for the last 20 years.
00:50
So, now the situation is a do or die situation.
00:52
How many losses? Rs. 800?
00:53
Rs. 864 billion in the last year.
00:55
In the last year?
00:56
Yes, in the last year.
00:57
And in the last 10 years, these losses have been around Rs. 6 trillion.
01:01
This is such a big amount, in which 3 or 4 dams are built,
01:04
the entire ML-1 is built.
01:06
All these losses are happening because of the efficiency issues,
01:09
they are not being privatized.
01:11
Now, the three discourses that are coming on the top priority,
01:14
the ISCO, FESCO, and similarly the Gujranwala one,
01:18
the House Building Finance Corporation is coming,
01:20
the Women's Bank is coming, the PIA is coming,
01:22
all these top priorities have to be done within 6 months,
01:25
so that their losses can be reduced to some extent.
01:28
You are saying that they have to be done within 6 months?
01:30
Yes, they have to be privatized.
01:31
Okay, right.
01:32
Because we had asked for relief from them in the power tariff yesterday,
01:35
it is related to this that when you reduce their losses,
01:39
then there will be a slight decrease in the power tariff.
01:42
But along with that, the capacity charges,
01:44
which is our circular debt,
01:46
for that, there is a risk of an increase of up to Rs. 3,
01:49
and if we take a loan from the banks and reduce the circular debt,
01:54
then its capacity charges will be around Rs. 2.80,
01:57
and that will be in the electricity bills for 5 years.
02:00
So, this will be a difficult decision.
02:02
Along with the four discourses,
02:04
the issues of agriculture income tax have been finalized,
02:08
and today, a schedule will be announced as to when it will be implemented.
02:13
Along with this…
02:14
Okay, my question is that the money is in a bit of pressure right now.
02:17
Some people think that this will lead to further devaluation.
02:20
What is the news regarding this?
02:22
No, actually, the IMF does not tell us what rate to take out.
02:25
It says that whatever the market forces are,
02:27
because of this, whatever rate will be made, will be made.
02:30
So, apparently, the circumstances seem to be,
02:32
like the Trump government is doing,
02:34
and tariffs, and a panic has been created all over the world.
02:38
That is why, when we saw yesterday,
02:41
that in the monetary policy of the State Bank,
02:44
the interest rate was maintained,
02:46
the reason for this was that the international shocks are still pressurizing,
02:50
and there is a risk to the government,
02:52
that even if we reduce it a little,
02:54
then our core inflation, which is at 8.5,
02:56
may not exceed.
02:57
That is why the government has maintained it,
02:59
so that the demand…
03:00
Ma'am, let me ask you a question.
03:02
Mr. Chaudhary Ghulam,
03:03
this matter of privatization,
03:06
I have also been observing it for the past two decades,
03:09
it is always in the view of politics.
03:12
Whatever government comes into power,
03:15
a political party,
03:16
because the only way is that,
03:18
it is not possible to waste 1 trillion rupees every year,
03:21
and when 1 trillion will come out of your economy,
03:24
will come out of your treasury,
03:26
and there will be no benefit of it,
03:28
then how can your economy be sustainable?
03:30
Like, last year, 864 billion rupees,
03:33
now it has been said that for 10 years,
03:35
I don't know, you have wasted 10 trillion rupees.
03:37
So, how will this willpower come,
03:40
how will it be possible,
03:42
what kind of strategy will have to be put in place,
03:44
that whichever party is in power,
03:48
it should be above politics,
03:51
and should be laser-focused on the issues of national interest.
04:00
Mr. Chaudhary.
04:02
No, there is only one way for this,
04:04
the rules that have been made,
04:06
according to that, opt for it.
04:08
Yesterday, I met a party,
04:10
to buy PIA,
04:12
they have been sitting here for 6 months,
04:15
they have no future,
04:17
now they have said,
04:18
by July, we will privatize or disinvest PIA.
04:23
If they take this decision,
04:25
take these bitter pills,
04:27
and move forward,
04:29
then nothing like it,
04:31
but now I don't see any will.
04:34
If you have any questions for Mr. Shoaib,
04:37
you can ask them too, Mr. Chaudhary.
04:41
Mr. Shoaib, Mr. Nizami gives us good news,
04:44
but after that, we see the ground reality,
04:47
people come to behead us,
04:49
that what were you,
04:51
prices have gone down,
04:52
everything is on fire,
04:54
and you are talking to the sky.
04:56
Mr. Nizami, give us some good, authentic news.
04:59
I will rephrase your question,
05:02
news is coming that electricity is going to be cheaper,
05:05
every day there is news that
05:07
electricity is going to be cheaper,
05:09
how much is electricity going to be cheaper?
05:11
See, we are talking about 2 rupees,
05:13
and it will be in our fiscal year,
05:16
but the problem is,
05:18
the 605 lakh rupees tax shortfall,
05:21
is hanging on the head of the people.
05:24
The government is trying,
05:26
like in the Supreme Court,
05:27
our case, the super tax case,
05:29
its hearing will be on a daily basis.
05:31
How much money is stuck there?
05:33
It is expected to be 3 billion rupees.
05:35
And this case,
05:37
it was for a year,
05:39
for Operation Zarb-e-Azab,
05:41
so the case is not very strong,
05:43
of the government of Pakistan.
05:44
But if the government wants to defend itself,
05:46
because till now the situation is the same,
05:48
and the influence is still there,
05:49
it has not been populated properly.
05:51
So cases like this,
05:53
there are cases of 3.7 trillion rupees in the FBR,
05:56
the FBR taxes cases,
05:58
are around 37 billion rupees.
06:00
If that is there,
06:01
then there is hope,
06:03
that the taxes cases,
06:05
will not be taxed further.
06:07
But,
06:08
because we are going to get carbon funding,
06:10
then there is a risk,
06:11
that in Pakistan,
06:12
the carbon levy,
06:13
on petrol,
06:14
on diesel,
06:15
on coal-fired houses,
06:17
similarly,
06:18
on EV cars,
06:19
the IMF has clearly said,
06:21
that these are the rich people of Pakistan,
06:23
you should not impose any tax on them.
06:25
Similarly,
06:26
you should not impose any tax on their batteries.
06:28
So,
06:29
the solar energy,
06:30
which is to be purchased per unit,
06:32
should be standardised.
06:33
Yes,
06:34
solar is also being said,
06:35
that the rich people of Pakistan,
06:36
are getting solar installed.
06:37
So,
06:38
in some way,
06:39
in terms of carbon,
06:40
they should be encouraged.
06:41
But,
06:42
it is also important,
06:43
that the capacity charges,
06:44
how will you take them.
06:45
So,
06:46
there is a possibility,
06:47
that here too,
06:48
there is some government.
06:49
Ok,
06:50
so now,
06:51
you are going to impose taxes on 600 billion people,
06:53
what is to be done?
06:54
Where is it to be done?
06:55
How is it to be done?
06:56
Ok,
06:57
so,
06:58
please tell us,
06:59
this sugar,
07:00
what is the story behind it?
07:01
2 months back,
07:02
they exported the wafer,
07:03
there was no problem.
07:05
Now,
07:06
it is told,
07:07
that they are importing sugar out of the market,
07:09
so that it can be managed.
07:11
As of now,
07:12
as of today,
07:13
how much are our stocks?
07:14
Why is the cost,
07:15
the 14th,
07:16
15th week,
07:17
the week,
07:18
the price of sugar is increasing?
07:20
Our stocks are there for 7.5 months,
07:22
we have 3.5 lakh tonnes of sugar.
07:26
and this is enough for seven and a half months, we can easily do it by mid-November.
07:32
The Prime Minister is continuously telling them to reduce the price of sugar,
07:37
but the PSMA and its people are very powerful people,
07:41
they make governments, they sit in governments,
07:44
so they don't want to incur any kind of loss on themselves.
07:48
And they are also very helpless that they have been facing losses of Rs. 2.5 billion in sugar since two years.
07:54
And this is the reality in the stock market,
07:57
the four sugars that we have got are showing all kinds of losses.
08:00
But the problem is that the price is being paid by the people,
08:04
so this is why the government has decided, whether it will be implemented or not.
08:07
But if sugar comes to Pakistan and we refine it and export it,
08:11
then this will also be a good decision,
08:13
but this will definitely lead to a decision that there is going to be a shortage in Pakistan,
08:18
so nothing like this is going to happen.
08:20
Thank you very much, Mr. Shoaib Nizami.
Recommended
6:11
|
Up next
Trump card sinks stock markets...Report By Khawar Ghumman
ARY NEWS
4/7/2025
42:08
KHABAR Muhammad Malick Kay Saath | ARY News | 12th June 2025
ARY NEWS
6/12/2025
45:24
The Reporters | Khawar Ghumman & Chaudhry Ghulam Hussain | ARY News | 8th April 2025
ARY NEWS
4/8/2025
48:36
11th Hour | Waseem Badami | ARY News | 11th June 2025
ARY NEWS
6/11/2025
4:46
PM's Proposal to Form Parliamentary Committee: Is PTI's Decision Right?
ARY NEWS
1/30/2025
4:34
"founder and his party may wish to create political instability and tension in the country, but..." Hassan Ayub
ARY NEWS
2/20/2025
7:55
Important meeting on the ongoing wave of terrorism in the country
ARY NEWS
3/19/2025
8:41
Faisal Vawda Chairs Key Meeting to Prevent Sale of Port Qasim Land at a Loss
ARY NEWS
3/4/2025
10:12
PTI's key meetings with Sindhi and Baloch nationalists. Why is the government worried?
ARY NEWS
2/24/2025
5:51
PIA in Profit — Will the Government Still Go Ahead with Privatization?
ARY NEWS
4/10/2025
6:51
Ramadan Approaches... Will Inflation Decrease? Advisor to the Finance Minister Khurram Shehzad
ARY NEWS
2/20/2025
13:40
ARY News 6 PM Headlines || 11th June 2025 - Prime Time Headlines
ARY NEWS
6/11/2025
20:08
Govt announces restoration of Jafar Express from tomorrow | ARY News 9 PM Bulletin | 26th March 2025
ARY NEWS
3/26/2025
7:11
Two-Day Pakistan Minerals Investment Forum Concludes, Full Report by Aleem Malik
ARY NEWS
4/10/2025
16:49
ARY News 9 PM Headlines || 11th June 2025 - Prime Time Headlines
ARY NEWS
6/11/2025
39:35
Post Budget Presser || ARY News Special Transmission || Waseem Badami || Part - 1
ARY NEWS
6/11/2025
3:46
Kiya PPP Local Government Nizam Main Tabdeeli kay Bill Main Sath Degi? Farooq Sattar's Opinion
ARY NEWS
10/13/2024
18:28
Faisal Vawda's Big Statement | ARY News 9 PM Bulletin | 18th March 2025
ARY NEWS
3/18/2025
8:39
"PP and I have to work on the same salary..", Muhammad Malik's question on Hanif Abbasi's statement:
ARY NEWS
4/23/2025
24:32
Provincial government angry over money for Sindh projects | ARY News 12 AM Bulletin | 11th June 2025
ARY NEWS
6/10/2025
18:22
ARY News 12 AM Headlines || 12th June 2025 - Prime Time Headlines
ARY NEWS
6/11/2025
9:32
#headlines #pmshehbazsharif #supremecourt #imrankhan #barristergoharalikhan #pecaact #protest #PFUJ #electricityprices Bilawal met with disgruntled traders of Karachi PFUJ demands action against PECA Amendment Bill PTI announces end of talks citing ‘g
ARY NEWS
1/28/2025
5:59
"This sign of a weak and cowardly servant who leaves the field and runs away." Governor Faisal Karim
ARY NEWS
1/16/2025
5:02
Afghan Soil Being Used Only Against Pakistan, Has the Government Responded? Dr. Qamar Cheema
ARY NEWS
4/18/2025
7:16
How Has the Government's Economic Policy Fared in One Year? Economic Analyst Shahbaz Rana
ARY NEWS
2/21/2025