Bilawal says budget to unleash tsunami of inflation

By: News Desk      Published: 10:33 AM, 14 Jun, 2021
Bilawal says budget to unleash tsunami of inflation

PPP Chairman Bilawal Bhutto Zardari has said that the employees of the International Monetary Fund have prepared the budget and handed it to Prime Minister Imran Khan lamenting that the budget would unleash a new tsunami of inflation, reported 24NewsHD TV channel.

In a statement on Monday, the PPP chairman said the IMF personnel had drafted the budget and gave it to the government. He lamented that without deliberating on it, the budget was presented in the National Assembly.

He said that on every page of the annual financial plan, a recipe of economic murder of people had been scribbled.

He said the secrecy and stealth of PM Khan of imposing billions of rupees indirect taxes had been caught. He foresaw a new tsunami of inflation gathering with the budget.

Bilawal said billions of rupees taxes had been levied on the daily use items of a common man which would definitely unleash a wave of inflation across the country.

He said after the imposition of levy, petrol would become dearer by Rs20 per litre and by levying indirect tax on sugar, it would become expensive by Rs7 per kg. He vowed to defeat the government’s endeavour to impose indirect taxes.

The PPP chairman said when the companies would impose a 17% levy on crude oil and Liquefied Natural Gas, then the prices of petrol and gas were bound to hike. And people have to bear the burden of indirect taxes in the shape of raised prices of these commodities, he added.

He regretted that owing to Covid-19 pandemic and ensuing social curb measures, when the people started doing online shopping, the government put a sales tax on online shopping too.

He said it was tragic that the overseas Pakistanis were sending remittances which are more than the country’s exports to help their unemployed relatives in Pakistan.