Minister of State for Finance Ayesha Ghos Pasha has said that the issue of subsidy on petrol has not been discussed with the IMF, nor has the design of subsidy on petrol been completed, however the work is being done, while on the other hand sources say That the IMF has rejected the initial proposal of the proposed petrol subsidy.
An important meeting of the Senate Standing Committee on Finance was held under the chairmanship of Senator Salim Mandviwala. Senator Mohsin Aziz raised the issue of delay in the agreement with the IMF, he said that we have done the points we had to follow and it has been one and a half months, burden has been put on the people but the agreement is not happening.
Senator Mohsin Aziz said that God did not meet, neither did the vassal of Sanam, and neither did he stay here nor did he stay here.
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Responding to Senator Mohsin Aziz’s point of objection, the Minister of State for Finance said that I agree that there are exceptional circumstances, the PTI government has restored the IMF program, and the previous government has fulfilled its commitment. not fulfilled, which led to problems, a lack of trust between the IMF and Pakistan.
Ayesha Ghos Pasha said that the IMF demands that this work be done first before every agreement, due to which the government imposed additional taxes of 170 billion rupees.
Ayesha Ghos Pasha said that the increase in prices and reforms in the energy sector have brought, at that time there was a problem of assurance of financing from friendly countries.
The Minister of State for Finance said that there has been progress on this matter yesterday evening, all the priority points have been fulfilled by Pakistan according to the IMF program, and we do not need to worry about this matter.
Negotiations with the Minister of State for Finance and the IMF are not what they used to be. We have to put our house in order.
Senator Farooq H. Naik raised the question of which brotherly countries from which Pakistan should get financing.
Ayesha Ghos Pasha said that China has helped us and assurances will come from Saudi Arabia and UAE, we have to move towards institutional reforms and end subsidies.
He said that the design of subsidy on petrol has not been completed and work is going on, IMF has not discussed the issue of subsidy on petrol.
He further said that the increasing population is a major problem in the country, increase in production should be our target.
Senator Farooq H. Naik said that giving free flour will not work, do not make this nation poor, create a mechanism to make the people partners.
Statement of the Minister of State and confirmation of sources
On the one hand, there is the statement of the Minister of State for Finance, Ayesha Ghos Pasha, on the other hand, the sources say that the IMF asked the government for the complete details of the petrol subsidy, while the IMF also rejected the initial proposal of the proposed subsidy on petrol. Is.
According to the sources, the IMF says that a complete plan to provide a subsidy of Rs 50 per liter should be provided. There has been a virtual communication between Pakistan and the IMF, in which the IMF has prepared a revised plan for subsidy on petrol. Emphasized.
The government has proposed to subsidize motorcycle and 800 cc vehicle owners, while sources say the IMF has pushed for more effective targeted subsidies to the poor.