- 6/11/2025
#budget2025 #Tax #inflation #budget #pmshehbazsharif #financeminister
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NewsTranscript
00:00Welcome to Post-Budget Transmission
00:25So we all are in a better position to analyze
00:36рдХрд┐ рдпреЗ рдХреИрд╕рд╛ рдмрдЬрдЯ рд╣реИ, рдЗрд╕рдХреЗ рдореИрд╢рдд рдкреЗ рдХреНрдпрд╛ рдЕрд╕рд░рд╛рдд рд╣реЛрдВрдЧреЗ
00:39рдЗрд╕рдореЗрдВ рдореЗрд░рд╛ рдЖрдкрдХреЗ рд▓рд┐рдП рдХреНрдпрд╛ рд╣реИ, рдХреНрдпрд╛ рдорд╣реЗрдВрдЧрд╛ рд╣реЛрдиреЗ рдХрд╛ рдЗрдордХрд╛рди рд╣реИ, рдХреНрдпрд╛ рд╕рд╕реНрддрд╛ рд╣реЛрдиреЗ рдХрд╛ рдЗрдордХрд╛рди рд╣реИ
00:43рдХрд┐рд╕реА рдкрд░ рдЯреИрдХреНрд╕ рдмрдврд╝ рдЧрдпрд╛ рд╣реИ, рдХрд┐рд╕реА рдкрд░ рдЯреИрдХреНрд╕ рдХрдо рд╣реЛ рдЧрдпрд╛ рд╣реИ
00:46рддреЛ рд╣рдо рдЬрд░рд╛ рдЗрд╕рдХреЛ рдЕрдкрдиреЗ рд╕рд╛рджрд╛ рдЖрд╕рд╛рди рдЖрдо рдлрд╣рдо рдЕрдВрджрд╛рдЬ рдореЗрдВ рдЬрд╛рдирдиреЗ рдХреА рд╕рдордЭрдиреЗ рдХреА рдХреЛрд╢рд┐рд╢ рдХрд░реЗрдВрдЧреЗ
00:51рдореБрд╣рдореНрдордж рдЬреБрдмреЗрд░ рд╕рд╛рдм рддрд╢реНрд░реАрдл рдлрд░реНрдорд╛рдпрд╛ рд╣рдорд╛рд░реЗ рд╕рд╛рде рдорд╛рд╣рд┐рд░реЗ рдордИрд╢реНрдпрдд рд╣реИрдВ
00:55рдФрд░ рдкреНрд░рд╛рдЗрд╡рд┐рдЯрд╛рдЗрдЬреЗрд╢рди рдХреЗ рд╣рд╛рд╡рд╛рд▓реЗ рд╕реЗ рдФрд░ рдмрд╛рдХреА рдПрдХреЙрдирдореА рдХреЗ рд╣рд╛рд╡рд╛рд▓реЗ рд╕реЗ рдорд╛рд╣рдорд▓рд╛рдд рдХреЛ рджреЗрдЦрд╛ рд╣реИ
00:59рдмрд╣реБрдд рдЬрд╛рджрд╛ рдХрд░реАрдм рд╕реЗ рджреЗрдЦрд╛ рд╣реИ
01:01рд╣рдорд╛рд░реЗ рд╕рд╛рде рдорд╛рд▓рдХ рд╕рд╛рде рд╣рдорд╛рд░реЗ рд╣рд░рджрд┐рд▓ рдЕрдЬреАрдЬ рд╣рдорд╛рд░реЗ рд╕рд╛рде рдСрдлрдХрд░рд╕
01:31I am not sure that this is a great deal of privatization.
01:35I have been working with three distribution companies.
01:38PIA has been working with PIA.
01:40But, approximately, there was eight Arab countries in the past year.
01:45It was a great deal of privatization.
01:47So, it was 87 Arab countries.
01:49It was a thousand people.
01:51Is it realistic?
01:52Do you think it is possible?
07:38We will see you.
08:04We will care.
08:06so this is a record and no no present ruler has come back to challenge me and accept this thing
08:22so this answers a lot of questions
08:26so this answers a lot
08:56so this answers a lot
09:26so this answers a lot
09:33so this answers a lot
09:40so this answers a lot
09:47so this answers a lot
09:54so this answers a lot
10:01so this answers a lot
10:08so this answers a lot
10:15so this answers a lot
10:22so this answers a lot
10:29so this answers a lot
10:36so this answers a lot
10:43so this answers a lot
10:50so this answers a lot
10:57so this answers a lot
11:04so this answers a lot
11:11so this answers a lot
11:13so this answers a lot
11:18so this answers a lot
11:25so this answers a lot
11:27so this answers a lot
11:29so this answers a lot
11:30so this answers a lot
11:32so this answers a lot
11:36It was a discipline performance that they showed in the last year.
11:42It felt like it was in the house.
11:47Today, when it comes to the figure, it feels like it came to make-up and came to the beauty palette,
11:54and the sun came out and the makeup came out.
11:57That's right.
11:59The other thing, I want to say this is Malik.
12:03In the last year, in April, they talked about this in the program,
12:10that we did a currency valuation and our family did 235.
12:16I remember the Lord.
12:18So, the Lord said, I didn't think about it.
12:20Then, they had another valuation, the Goldman Sachs.
12:23So, they said, man, this is 224, so you don't.
12:28So, you are artificially, when you give your economy,
12:33keep the currency on the valuation,
12:35and buy it from the state bank,
12:37and when you try to do the same way,
12:42I don't understand how it works,
12:44until you don't put the demand supply mechanism in full force.
12:48You have increased inflation.
12:50Today, your positive interest rate is 7%.
12:53Positive.
12:544.5% average is on your inflation,
12:57and 11.5% you are sitting there.
12:59So, 6.5% will go somewhere, somewhere.
13:01Now, you will tell me,
13:03at which time you will get a decrease,
13:05at which time you will breathe the industry.
13:06You will say,
13:07yes, I have reduced tariffs,
13:08and the industry will benefit you.
13:09So, you have reduced tariffs,
13:11and you want to import tariffs,
13:12and you want to import cars too.
13:14You want to do it,
13:15and you want to get a decrease?
13:17You have a minus of LSM,
13:18and you don't have cotton.
13:20The biggest thing you have to do is only for the textiles.
13:25Also, you will see,
13:26the auto-mobile is a little plus,
13:27the electron is a little plus,
13:29the food is a little minus.
13:31But, where are you going to eat?
13:33You are going to eat in the industry.
13:35You have come to get a big livestock.
13:39Yes, absolutely.
13:40In the livestock, we have the quality of the livestock.
13:42So, it reaches the cost of the crores.
13:44Just to remind me, this is also a 10-year-old census.
13:47This is also a 10-year-old census.
13:48You can't rely on this.
13:5115-16, the basis is 15-16.
13:53You have told us about the cost of the service sector,
13:56you have told us about the position of construction,
13:59you have told us about the activity that is running around,
14:01electricity generation, so the world doesn't mean that it is less.
14:04You have to say that it is 32% increased.
14:06So, you don't get to know this.
14:08You don't get to know this.
14:10But you are saying that you can't agree more.
14:12That it is a big deal.
14:14I will demonstrate you.
14:17It's a non-starter then.
14:19I will remind you to remind me,
14:22you will remember that all the discussions have been cut.
14:26I have taken it for three months,
14:29but in one meeting,
14:34I will remind you.
14:36I will tell you that I have talked about the issues of the government,
14:39what you have told me about it.
14:41That you have told me about it.
14:43I think it was a tilt-out.
14:45Because there are some grounds that are going on the election.
14:49Some of you who are going on the election.
14:51Some of you who are going on the Senate.
14:52So, the government is not going on the Senate.
14:54The government is not going on the Senate.
14:55And the government is going on the PM.
14:57The government is not going on the Senate.
14:59So, I will say that you have to keep the government.
15:01But the government is going on the Senate.
15:02It's also a good deal.
15:04The government is going on the Senate.
15:06The government has done a lot.
15:07And the government has done a lot.
15:08The government has done a lot.
15:09I don't remember.
15:10I don't want to forget that 7-8 years ago they were un-touched and they were not
15:37foreign
16:05uhurgo rupa chalengue
16:06he ack disconnect show kata
16:08big aa nahe if 6 saal
16:10tnkhae nae badahti by call on ke
16:12aq sal or bhi na bati to koji kiamat nie aati
16:14pura mulk aap ka financial disaster
16:16mein ainko headlines dkhae
16:18ackberon ki pharaein jaha pe
16:19rooz abe dousare jan khabar pardtay hain
16:21aek bende ne aapne aap ko jiba ker liya
16:23aapne tene bachau ko jiba ker liya
16:25kuyukha aapne bilz nini dhe paare
16:26rooz khabarai media pe chalati hai
16:28loog bortan biech raya ya zewer biech raya
16:30bjli ke bil dhenne ke liye
16:35can't be 10-10% in the country.
16:37We don't have 188% to get 700% of the country.
16:41When we get to get out of this country,
16:43we have to get out of this country.
16:45This is a disconnect show that you have not been able to do.
16:48You can't get out of this country.
16:50We have a super elite.
16:52This is a part of a story.
16:54Why are we doing this?
16:56When we have election,
16:58we have election election.
17:0060% of the vote is done.
17:0240% of the vote is done.
17:04We have election election.
17:06100% of the vote is done.
17:09These people don't have to be.
17:12So, we do not give a damn.
17:15What we can do is we can do.
17:17We can do this.
17:18This is a disconnect.
17:20It's important to remind people.
17:22As you say,
17:24I'll do it because I can.
17:27I can do it.
17:29This is a revival.
17:31That's why I can do it.
17:33of course.
17:36He made many cars.
17:38He made the big cars.
17:40And that symbolic step.
17:42And that's why he had to lose his value.
17:45He made many people hurt.
17:48But having said that
17:49there are symbolic value.
17:51Every thing can go to empiric value.
17:53It's symbolism.
17:55This is symbolism being made.
17:57The government- the budget houses
17:59The budget houses
18:00and they are popular and
18:02friendly and friendly
18:04and election
18:05and they are
18:06in the future
18:08PSDP
18:09which schemes
18:10and parliamentarians
18:12billions
18:13and they are
18:15and that is political
18:17very technical
18:18but a lot of things
18:19could be technical
18:20but a start
18:21I have to go back to the beginning
18:23I have to go back to the parliamentarians
18:24I have to understand
18:25I have to say
18:26I have to say
18:27I have to say
18:28I have to say
18:29I have to say
18:31I have to say
18:32which means
18:33be incorrect
18:34me
18:35ш╖Э ao
18:36I may not
18:38say
18:39no
18:40I am not
18:42false
18:49we use logic
18:50we do not
18:54insult us
18:55what you think
18:56That is not acceptable.
19:02That is not acceptable.
19:08This is not on-
19:13because you have a political party
19:16and you have a hard core
19:17so you can agree with them
19:20or you can agree with them
19:20that the parliamentarians
19:23and the compensation of financial compensation
19:24should be a respectable amount
19:27because it's a context
19:28like Bilal Kiyani
19:30who compared us
19:32that you have a lot of
19:35bureaucracy and it's a lot
19:36so parliamentarian
19:37it's not a lot
19:38so I have a lot of
19:42this is not a job
20:04this is a passion
20:06this is public service
20:08this is a sense
20:08this is why God
20:10this is why God
20:12will say
20:12yes
20:12then the CEO of the bank
20:14is a half crore
20:15I'm going to go to the country
20:17and then our
20:19$3 crore
20:19should be
20:20we should do everything
20:21we should do everything
20:21okay
20:22okay
20:22I'll allow you to
20:24break
20:24then I'll start
20:26break
20:26Thank you very much for your time, Mr. Zubayr.
20:51Thank you very much, Mr. Zubayr.
21:19Thank you very much, Mr. Zubayr.
21:49Thank you very much, Mr. Zubayr.
21:51Thank you very much.
21:53Thank you very much, Mr. Zubayr.
21:55Thank you very much, Mr. Zubayr.
21:57Thank you very much, Mr. Zubayr.
21:59Thank you very much, Mr. Zubayr.
22:01Thank you very much.
22:03Thank you very much, Mr. Zubayr.
22:05Thank you very much, Mr. Zubayr.
22:07Thank you very much, Mr. Zubayr.
22:09Thank you very much, Mr. Zubayr.
22:11Thank you very much, Mr. Zubayr.
22:13Thank you very much, Mr. Zubayr.
22:15Thank you very much, Mr. Zubayr.
22:19Thank you very much, Mr. Zubayr.
22:21Thank you very much, Mr. Zubayr.
22:23Thank you very much, Mr. Zubayr.
22:55I mean, this is very unfair with the people of SIN especially,
23:00that they go to that party and support that because of the economic policies,
23:04that you are saying that it's gone.
23:06You have given the example of K-4.
23:08K-4 is the biggest challenge for a K-4, which is the biggest challenge.
23:13It's not water.
23:14Yes.
23:15I mean, you and I know about it.
23:17It's so bad.
23:18We suffer directly.
23:20I suffer and you suffer.
23:22Yes.
23:22If you don't get money for K-4,
23:25you don't get the project speed up.
23:27You don't get the position of K-4,
23:31and they can give its value.
23:35But then, there is a benefit.
23:36Then, you'll get the letter from June.
23:38You'll see that you'll take the stamp on this budget.
23:41But the minister said,
23:42you're doing a lot of this stuff.
23:43I said,
23:44if you can do it,
23:44then you have to vote on the people's party.
23:46So, they said,
23:48you'll see this,
23:48so you're going to say extreme.
23:49I'm going to talk extreme.
23:50So,
23:52you're looking forward to the people's party.
23:54Okay, I'm watching, you tweeted about how much relief will you be able to get the amount and captioning that you will be able to get the right prank.
24:06I hope I have no fake account.
24:08But the Honourable Minister said that we have no doubt about this.
24:14But the signalling, two things are important.
24:18One is that we realize and acknowledge and understand that we don't need to text text.
24:23We have taken the right step.
24:27Do you not appreciate it?
24:32No, I don't appreciate it.
24:35That's why I am a CEO of a company.
24:41So, every year, the good people leave us and don't leave us,
24:47we can motivate them and retain them.
24:50That's right.
24:51Okay, Pakistan has a lot of good people.
24:54And now, we have to give you a country.
24:58Now, in this country, you know how many people have auto-schooled,
25:02and the best people in the world,
25:04our world,
25:05and our best people in the world,
25:06and our best people in the world.
25:08Our best people in the world are more popular,
25:10that can be exported.
25:11So, that's why our best talent,
25:13we take the world for the world.
25:15The countries, the countries, the countries, Europe, the countries, the countries, the countries.
25:19Now, after the kids, you have to text the court that you have to have a option.
25:27And they are going to go to the example.
25:30There is a small example, which is 30,000,000,000,000,000,000,000,000,000,000,000,000.
25:38Now, the budget is 16,888,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000
26:08And this is just because there was no more money in the past in the past, 30,000,000 people have migrated to Pakistan.
26:25And just because there was no law and order there was no employment opportunity and over taxation.
26:34If you would like to talk about large companies, you would like to talk to them but you would like to talk to them.
26:40I would like to talk about how we retain the private sector.
26:43One thing I would like to comment about is that you know, the economy is driving.
26:48Look, I am K4 and the economy is driving.
26:55in this case, there are 1,000 people in this year.
27:01Why are they waiting for someone to come and get them?
27:09It's a provincial issue.
27:12This is my opinion.
27:14This is a federal issue.
27:16This is a federal issue.
27:18This is a federal issue.
27:20This is a federal issue.
27:22So, the civil Accident in India will make a ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╨╜╨╛ statement about it.
27:27This is the federal issue.
27:28This is the federal issue.
27:31This is the federal issue.
27:33We have to reduce our society.
27:37This is how we can do it.
27:39From its 80-80 to its 80-80 to its 80-80 to its 80-80 to its 80-80 to its 80-80.
27:46This is how we can manage the potential of a destination.
27:49foreign
28:03foreign
28:17Thank you very much.
28:47This is the target of FBR, which is about 14,000. How much is this realistic?
28:55In your opinion, it will be revised and then a downward revision. What do you think?
28:59Last time, if I look at the achievability, which is in the budget, we are saying 11,900 billion.
29:07If I look at the inflation figure and GDP growth,
29:15in my opinion, it is about 13,100 euros, if you need to collect it.
29:21Now, they have 14,100 and 31 euros.
29:25Then they will take it to 960 billion.
29:29It will be a shortfall.
29:31And there are heavy refunds.
29:35It is also a waste of their faster system.
29:39They are not getting refunds.
29:41So, in the case of the world,
29:45you know, you are already agreeing.
29:47Today, I have to give 400 euros.
29:49Why are you not able to take it?
29:51What do you need to take it?
29:53You need to take it.
29:55If you register to me,
29:59I have seen that not once, but multiple times.
30:04I have to agree with my thoughts and agree with me.
30:07I went and went and went and went and went and went and went and went and went and went and went and went and went and went and went.
30:11Sir, the bank's ADR was working on it.
30:16When the ordinance came in, it was 70 rupees.
30:19After that, the ordinance said that it was a bad thing.
30:23That's why the ordinance didn't get back to the ordinance.
30:26foreign
30:40foreign
30:56banking system was doing. And the net effect came in the last few years. If we don't do that,
31:03we don't take any steps. So the last day, the last budget came in the last few days.
31:08And it didn't come in the last few years. So it's a good thing that it came in the last few years.
31:12And we have increased the rate of banks. So the rate has increased, the rate has increased.
31:17After that, we thought there was a shortfall. I mean, the litigation cases were also
31:23making the rate of banks. So once you've seen the rate of banks, it was $18.
31:45which is still advanced.
31:48In the first phase, we have had a big deal of sales tax advances.
31:52Okay.
31:54Okay.
31:55Okay.
31:56Okay.
31:57Okay.
31:58Okay.
31:59Okay.
32:00Okay.
32:01Okay.
32:02Okay.
32:05Okay.
32:06Okay.
32:07Okay.
32:09Okay.
32:10Okay.
32:11Okay.
32:12Okay.
32:13Okay.
32:14Okay.
32:15Okay.
32:16Okay.
32:17Okay.
32:18Okay.
32:19Okay.
32:20Okay.
32:21Okay.
32:22Okay.
32:23Okay.
32:24Okay.
32:25Okay.
32:26Okay.
32:27Okay.
32:28Okay.
32:29Okay.
32:30Okay.
32:31Okay.
32:32Okay.
32:33Okay.
32:34Okay.
32:35Okay.
32:36Okay.
32:37Okay.
32:38Okay.
32:39Okay.
32:40Okay.
32:41Okay.
32:42Okay.
32:43Okay.
32:44inflation
32:44to increase
32:45inflation
32:45so I understand
32:46but I want to share
32:48a very important thing
32:49and this piece
32:51was written
32:52that brain drain
32:53is happening
32:54and the top
32:55talent is happening
32:56so super tax
32:57has 1%
32:58I mean
32:59this is a joke
33:01I mean
33:01it's a joke
33:02I mean
33:03that's a joke
33:0410%
33:04of the
33:0510%
33:06of the
33:071%
33:08of the
33:09income
33:09of the
33:11income
33:11of the
33:11salary
33:12class
33:12of the
33:13Yeah, I'm going to listen to salaries. What are you doing here? You have 20,000,000,000 plus
33:20in your top talent. These are the people who have options in the world, who have other jobs
33:28get 20 onwards, 20-50,000,000,000. These are the people who are migrating. This is a real
33:33brain. One from one who has a year of 20,000,000,000,000,000,000,000,000,000,000,000,000.
33:3920,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000
34:09. . . . . . . . .
34:39. . . .
35:09. . . . . .
35:39. . . . . .
35:49of course this I would tell you my
35:59foreign
36:01budget is
36:04this
36:06of course
36:07of course
36:10of course
36:15of course
36:19So, the January of which we still have been in this process.
36:25That was the last year.
36:26So, the upfront of the budget.
36:28In the next segment, we will talk about agriculture, which is 25% of your GDP, which is 40% of your employment, which is 40% of your employment, which is downward growth, but in double digits, it is downward.
36:42However, agriculture sector has somehow managed to grow by 0.6%.
36:46In the next segment, we will talk about agriculture, which is very important.
37:12When you go there, you will have a allow for that to bring you up.
37:17Therefore, that is a lot of people who will go.
37:19The 1,12,12 million that you will get up in this year, that is a replacement talent.
37:26I did not tell you this, but it is a replacement talent, but it is a replacement talent.
37:29If you go to upper-actual loans, then you will not be a replacement talent.
37:33On the other hand, you have also represented the funds in human resources development.
37:39We didn't have any money in the past 5 years.
37:41We didn't have any money.
37:43We have to become a digital economy.
37:45We have to go to so many places.
37:47We are not putting money there.
37:48This should be clear to people who need salaries.
37:51This is a big joke.
37:53Because 1.500 billion from the salary.
37:56It was almost the last year.
38:00Now we expect 550 billion to close.
38:03Retailers.
38:05Retailers.
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38:12╪к┘И ╪з╪│ ┘Д╪ж█Т ╪м┘И┌║ ╪│█Т █М█Бр╕еumbles ╪з┘Ж ┘╛╪▒ ┘╣█М┌й╪│ ┘Д┌п█Т
38:15┘И█Б ┘Д┌п┘Ж╪з ┌Ж╪з█Б█М╪ж█Т╪М that is a different thing
38:17┘Д█М┌й┘Ж ╪з╪│ ┌й╪з reason
38:22┘╣╪з╪▒┘Д█М╪│ ┘Д╪з┌й┌╛ ╪п█М╪з ╪к┌╛╪з ╪к╪з╪м█Б ╪п┘И ╪│┌й█М╪и ┘Ж█Т
38:23┌Ж╪з┘Д█М╪│ ┘Д╪з┌й┌╛
38:24┘╛█М┘Ж╪к█М╪│ ┘Д╪з┌й┌╛ ╪з┘Ж ┌й█Т ┘╛╪з╪│
38:27┘Д╪│┘╣█М 74 ╪▒█М┘╣█М┘Д╪▒╪▓ ┘И╪з█М ╪▒█Б█Т █Б█М┌║
38:28┌Ж╪з┘Д█М╪│ ┘Д╪з┌й┌╛
38:29█Б┘Е ┘Ж█Т ┌й╪к┘Ж╪з ╪п█М╪з
38:31╪│╪з┌С┌╛█Т ┘╛╪з┘Ж╪│ ╪│┘И ╪и┘Д█М┘Ж
38:32█М█Б █Б█Т
38:35█М█Б █Б█Т├╢t█Б
38:37,
38:44.
38:47.
38:48.
38:53.
38:57.
38:58.
39:01.
39:03.
39:05I think that there was no relief.
39:07This is a notion of relief.
39:09I saw the media, print and print.
39:11It was a huge relief.
39:13There was a huge relief.
39:15Where did you get relief from?
39:17How did you get relief from?
39:19I'm going to show you a little bit.
39:21I'm going to join our panelists.
39:23I'm going to show you a short break.
39:25We will come back to the headlines.
39:27We will come back to the budget.