Peshawar (Shadesofgalaxy Newspaper Latest. January 26, 2023) In view of the increase in inflation in the country, it is proposed to increase the basic salary from 25 thousand to 35 thousand rupees. Addressing the seminar of Reimagining Pakistan in Peshawar, Pakistan Muslim League (N) leader and former finance minister Miftah Ismail said that the new rise of the dollar will cause a sharp increase in inflation, so the basic salary should be increased from 25,000 to 35,000. . The next few months will be tough, but we are on the right track as rupee depreciation will increase food prices.
The leader of Muslim League-N said that in an Islamic country like Pakistan, 86 percent of children do not get food, the reason for the country’s non-development is that 97 percent of children do not have access to good education, food and facilities. In hindsight, to create Pakistan we have to interpret Pakistan in the way it is facing difficulties.
Talking to the media two days ago, he said that Dar feels that he can run the country even without the IMF, but if the dollar is left free, there will be pressure on the price. From the IMF, the risk of default is increasing, so we have to get an agreement with the IMF immediately, because the country’s politics have reached the brink of collapse, which is not suitable for the country.
Speaking at the IBA, Miftah Ismail said that stopping the value of the dollar is madness, there is no difference between crackdowns or administrative measures, there are imports of 80 billion dollars and exports of 30 billion dollars, 22 million people abroad. are doing Exports need to be increased instead of depreciating the dollar, rationalizing the dollar is the first step, the outgoing dollars will return, remittances will also increase, by stopping the value of the dollar, the dollar is saved, now black marketing and dollars There will be a reduction in stockpiling.
He said that Ishaq Dar programmed against me and also from Anker, he cannot say that Pakistan will not default, distance from IMF increases the risk of default, after other IMF agreements. Borrowing from international institutions has become easier, we are working hard to revive the IMF, which made electricity, petrol and property taxes expensive, but when I was removed, the IMF backed out of the agreement. Even the poor are not banned by the IMF, but the entire country cannot be subsidized, reforms are needed to reduce power losses.
