AGL 38.00 Increased By ▲ 0.01 (0.03%)
AIRLINK 210.00 Decreased By ▼ -0.38 (-0.18%)
BOP 9.35 Decreased By ▼ -0.13 (-1.37%)
CNERGY 6.38 Decreased By ▼ -0.10 (-1.54%)
DCL 8.90 Decreased By ▼ -0.06 (-0.67%)
DFML 40.51 Increased By ▲ 2.14 (5.58%)
DGKC 95.80 Decreased By ▼ -1.12 (-1.16%)
FCCL 35.51 Decreased By ▼ -0.89 (-2.45%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 15.04 Increased By ▲ 0.09 (0.6%)
HUBC 129.52 Decreased By ▼ -1.17 (-0.9%)
HUMNL 13.29 Decreased By ▼ -0.34 (-2.49%)
KEL 5.40 Decreased By ▼ -0.10 (-1.82%)
KOSM 7.03 Increased By ▲ 0.10 (1.44%)
MLCF 44.50 Decreased By ▼ -0.28 (-0.63%)
NBP 58.75 Decreased By ▼ -0.32 (-0.54%)
OGDC 226.00 Decreased By ▼ -4.13 (-1.79%)
PAEL 38.78 Decreased By ▼ -0.51 (-1.3%)
PIBTL 8.35 Increased By ▲ 0.04 (0.48%)
PPL 196.00 Decreased By ▼ -4.35 (-2.17%)
PRL 38.01 Decreased By ▼ -0.87 (-2.24%)
PTC 26.25 Decreased By ▼ -0.63 (-2.34%)
SEARL 102.00 Decreased By ▼ -1.63 (-1.57%)
TELE 8.40 Decreased By ▼ -0.05 (-0.59%)
TOMCL 35.00 Decreased By ▼ -0.25 (-0.71%)
TPLP 13.45 Decreased By ▼ -0.07 (-0.52%)
TREET 24.50 Decreased By ▼ -0.51 (-2.04%)
TRG 63.80 Decreased By ▼ -0.32 (-0.5%)
UNITY 33.55 Decreased By ▼ -0.97 (-2.81%)
WTL 1.76 Decreased By ▼ -0.02 (-1.12%)
BR100 12,046 Decreased By -50.7 (-0.42%)
BR30 37,430 Decreased By -285.2 (-0.76%)
KSE100 111,303 Decreased By -1112.2 (-0.99%)
KSE30 35,083 Decreased By -424.9 (-1.2%)

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar on Saturday said that the federal budget 2023-24 which Pakistan Democratic Movement (PDM) was keen to present could prove to be disastrous for the ruling coalition as it has nothing for the poor.

In a tweet, Umar who has recently stepped down as PTI secretary general and member of the party’s core committee in an apparent move to avoid incarceration in wake of the May 9 vandalism, said that the PDM always insisted not to dissolve assemblies before presenting the federal budget.

“During the talks [with PTI for holding elections] the PDM always insisted not to dissolve assemblies before presenting the budget. But instead of giving such a budget, it [PDM] should not have presented the budget”, he added.

Umar, a former finance minister who also served as minister for planning and development in ex-prime minister Imran Khan’s administration, said that the decisions which the ruling PDM is taking for the last over one year will prove to be lethal for the coalition government.

In another tweet, he said that GDP growth declined from 6.1% last year to 0.3% this year as per government statistics, adding “this is the biggest growth decline since 1971 for Pakistan”.

“The highest inflation in history of the country and the economic collapse is catastrophic. This is not working. Time to rethink, reset & revive”, he added.

Copyright Business Recorder, 2023

Comments

Comments are closed.

Maqbool Jun 11, 2023 11:17am
It seems no political party is interested in Taxing the black economy, nor bringing in Non Filers into the net , be it PTI, PLMN , PPP etc etc . Not a word in their budget comments, about expanding the tax net by any of them, why ? are they and their families and friends , all non filers ???
thumb_up Recommended (0)