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Dar seeks commission to probe ‘economic decline’ under PTI

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We should be seeking a commission to probe why there is 'economic decline' at all under any government and how Pakistani people's money is illicitly laundered to Swiss and and foreign accounts.

Dar seeks commission to probe ‘economic decline’ under PTI

Amir Wasim Published February 16, 2023 Updated about an hour ago




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<p>Finance Minister Ishaq Dar addresses the National Assembly on Wednesday. — DawnNewsTV</p>

Finance Minister Ishaq Dar addresses the National Assembly on Wednesday. — DawnNewsTV
1x1.2x1.5x
ISLAMABAD: Presenting the IMF-dictated Finance (Supplementary) Bill, 2023, generally known as the mini-budget, in both houses of the parliament, Finance Minister Ishaq Dar on Wednesday called for setting up a national commission to investigate the factors behind the “economic decline” in the country over the past four years, and reiterated his offer to political parties to prepare a national economic agenda.
During a 35-minute-long speech at the thinly-attended National Assembly session, a grim-faced finance minister blamed the previous PTI administration for the country’s economic woes, but said the present government was committed to implementing the agreement signed by the previous rulers with the International Monetary Fund (IMF), stating that “an agreement with the IMF is an agreement with the state and not with a government”.
Later, the finance minister also laid the finance bill before the Senate. Both the houses were then adjourned till Friday, when the government plans to get the bill passed through the National Assembly. Under the Constitution, a money bill is not required to be passed by the Senate, which can only give its recommendations, which are not binding on the lower house of parliament.
Speaking in the specially convened National Assembly, Mr Dar said that despite paying a heavy political price, the present ruling coalition had accepted the PTI government’s agreement with the IMF and also ensured its revival and implementation. “We believe that the state should have a preference over politics,” he said.
Minister presents ‘IMF-dictated mini-budget’ in both houses of parliament; opposition stages noisy protest in Senate
Stressing the need for a “Charter of Economy”, he said all the political leaders should get together to play a role in strengthening the economy irrespective of their party affiliations.
“We should come together and compile a national economic agenda and implement it [regardless] of which government is in power […] but somehow I was not able to achieve this wish,” he said, recalling the speeches he had made as finance minister during the previous PML-N government.
Rehan Ahmed

Rehan Ahmed

Mr Dar claimed that the country was making progress in 2017-18 under the PML-N government, but all of a sudden, “an apolitical change was brought which crippled the successful and fully mandated government”.
Rehan Ahmed

Rehan Ahmed

“Then, in 2018, a selected government came into existence. For exposing the poor economic policies of the selected government, it is suffice to say that a country which had become the world’s 24th largest economy came down to 47th rank in 2022,” said Mr Dar.
“Through this house, I demand that a national commission should be formed to know the causes of the economic decline and to find out as to how and who had prepared this conspiracy against the country’s interests for which the nation is today paying a heavy price,” Mr Dar said.
The minister assured the House that the prime minister and his cabinet would adopt “simplicity” and the former would take the nation into confidence soon in this regard.
In the absence of Opposition Leader Raja Riaz, PTI dissident Noor Alam Khan took the floor and formally opened the debate. While presenting a comparison of the prices, Mr Khan said the prices of various commodities and items, including flour, sugar and fertilisers, were higher today than the prices during the previous government of the PTI.
Lashing out at the government for the increase in power tariff, the PTI MNA from Peshawar regretted that the poor were paying the bills of the officers using free electricity.
He said Pakistan was a country where there were “only taxes and taxes, and no benefits”. “If you impose taxes, give some benefits too. We only remember the people when we go to seek votes. But you don’t remember them when you impose taxes,” he said while asking the government to present all the agreements with the IMF before the House.Later, when Jamaat-i-Islami MNA Maulana Abdul Akbar Chitrali pointed out the quorum, the speaker adjourned the sitting without even ordering a head count.
The finance minister also laid a copy of the money bill in the Senate amid a noisy protest by the opposition. The Senate session had been prorogued only a day earlier and the new session had been hurriedly summoned for the laying of a copy of the money bill.
The opposition legislators gathered in front of the dais of the Senate chairman while some stood close to the finance minister as the sergeant-at-arms moved in between to avert any unpleasant situation.
Some of the opposition senators even tore apart the agenda copies and threw them up while the chair directed members to submit their proposals to the Senate Secretariat by Thursday morning.
Iftikhar A. Khan also contributed to this report
Published in Dawn, February 16th, 2023
Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.
 
The day he landed, he executed two important errands
1. Collect back senate salaries of 50 million rupees .
2. Got back all his properties from NAB.

Now let's talk about a befitting reply to IMF....
 
What has he done to widen the tax-net? what has he or other relevant authorities done to reduce transmission and distribution losses in energy sector? what has he done to punish those who under-invoice or dont declare their income? what has he done to reduce ayyashian of civil service, judges, generals and politicians?
 
What has he done to widen the tax-net? what has he or other relevant authorities done to reduce transmission and distribution losses in energy sector? what has he done to punish those who under-invoice or dont declare their income? what has he done to reduce ayyashian of civil service, judges, generals and politicians?
Our elite and bureaucracy hide their corruption money under the blanket of real estate.
 
What has he done to widen the tax-net? what has he or other relevant authorities done to reduce transmission and distribution losses in energy sector? what has he done to punish those who under-invoice or dont declare their income? what has he done to reduce ayyashian of civil service, judges, generals and politicians?
THAT is not important! what is important is Imran Khan sold his gifted watch, how he has an undeclared daughter, how his affidavit on party funding is incorrect, how Fawad Chaudhry called ECP a munshi, how the kid disrespected army and the unending list. Priorities!!
 
Is khoti maa ka bacha economic hitman sa koi poocha bc phela apna dakon ka hisab to da. PTI 22 billion dollar chor ker gai thi abb 2.9 something rah ga hain. Hisab PTI nahi TU or Shahbaz kanjar da ga.
 
منشی ساقا ولد بودی سائیکلاں والا عرف دلا آف شریفاں کسی اور ہی دنیا میں جی رہا ہے شاید
 
We should be seeking a commission to probe why there is 'economic decline' at all under any government and how Pakistani people's money is illicitly laundered to Swiss and and foreign accounts.

Dar seeks commission to probe ‘economic decline’ under PTI

Amir Wasim Published February 16, 2023 Updated about an hour ago




0
<p>Finance Minister Ishaq Dar addresses the National Assembly on Wednesday. — DawnNewsTV</p>

Finance Minister Ishaq Dar addresses the National Assembly on Wednesday. — DawnNewsTV
1x1.2x1.5x
ISLAMABAD: Presenting the IMF-dictated Finance (Supplementary) Bill, 2023, generally known as the mini-budget, in both houses of the parliament, Finance Minister Ishaq Dar on Wednesday called for setting up a national commission to investigate the factors behind the “economic decline” in the country over the past four years, and reiterated his offer to political parties to prepare a national economic agenda.
During a 35-minute-long speech at the thinly-attended National Assembly session, a grim-faced finance minister blamed the previous PTI administration for the country’s economic woes, but said the present government was committed to implementing the agreement signed by the previous rulers with the International Monetary Fund (IMF), stating that “an agreement with the IMF is an agreement with the state and not with a government”.
Later, the finance minister also laid the finance bill before the Senate. Both the houses were then adjourned till Friday, when the government plans to get the bill passed through the National Assembly. Under the Constitution, a money bill is not required to be passed by the Senate, which can only give its recommendations, which are not binding on the lower house of parliament.
Speaking in the specially convened National Assembly, Mr Dar said that despite paying a heavy political price, the present ruling coalition had accepted the PTI government’s agreement with the IMF and also ensured its revival and implementation. “We believe that the state should have a preference over politics,” he said.

Stressing the need for a “Charter of Economy”, he said all the political leaders should get together to play a role in strengthening the economy irrespective of their party affiliations.
“We should come together and compile a national economic agenda and implement it [regardless] of which government is in power […] but somehow I was not able to achieve this wish,” he said, recalling the speeches he had made as finance minister during the previous PML-N government.
Rehan Ahmed

Rehan Ahmed

Mr Dar claimed that the country was making progress in 2017-18 under the PML-N government, but all of a sudden, “an apolitical change was brought which crippled the successful and fully mandated government”.
Rehan Ahmed

Rehan Ahmed

“Then, in 2018, a selected government came into existence. For exposing the poor economic policies of the selected government, it is suffice to say that a country which had become the world’s 24th largest economy came down to 47th rank in 2022,” said Mr Dar.
“Through this house, I demand that a national commission should be formed to know the causes of the economic decline and to find out as to how and who had prepared this conspiracy against the country’s interests for which the nation is today paying a heavy price,” Mr Dar said.
The minister assured the House that the prime minister and his cabinet would adopt “simplicity” and the former would take the nation into confidence soon in this regard.
In the absence of Opposition Leader Raja Riaz, PTI dissident Noor Alam Khan took the floor and formally opened the debate. While presenting a comparison of the prices, Mr Khan said the prices of various commodities and items, including flour, sugar and fertilisers, were higher today than the prices during the previous government of the PTI.
Lashing out at the government for the increase in power tariff, the PTI MNA from Peshawar regretted that the poor were paying the bills of the officers using free electricity.
He said Pakistan was a country where there were “only taxes and taxes, and no benefits”. “If you impose taxes, give some benefits too. We only remember the people when we go to seek votes. But you don’t remember them when you impose taxes,” he said while asking the government to present all the agreements with the IMF before the House.Later, when Jamaat-i-Islami MNA Maulana Abdul Akbar Chitrali pointed out the quorum, the speaker adjourned the sitting without even ordering a head count.
The finance minister also laid a copy of the money bill in the Senate amid a noisy protest by the opposition. The Senate session had been prorogued only a day earlier and the new session had been hurriedly summoned for the laying of a copy of the money bill.
The opposition legislators gathered in front of the dais of the Senate chairman while some stood close to the finance minister as the sergeant-at-arms moved in between to avert any unpleasant situation.
Some of the opposition senators even tore apart the agenda copies and threw them up while the chair directed members to submit their proposals to the Senate Secretariat by Thursday morning.
Iftikhar A. Khan also contributed to this report
Published in Dawn, February 16th, 2023
Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

God help Pakistan.
 
Is sa banda pochy kameeny tu aya keun tha idhar ? :lol:
 
Our elite and bureaucracy hide their corruption money under the blanket of real estate.
I'm sure the government has thrown up a thousand and one excuses as to why this cannot be done, but time to take Pakistan to a flat property tax rate scheme. Since real estate is the most valuable asset in Pakistan, we should tax all real estate and lower income taxes. Also tangible property taxes on vehicles.
 
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