ISLAMABAD: Prime Minister Imran Khan on Sunday said Pakistan had fared much better than other countries in the wake of unprecedented price hike brought about by Covid-19.
The opposition, on the other hand, rejects this notion and is gearing up to give a tough time to the government on the issue.
In a tweet, PM Khan said “ An unknown rise in commodity prices internationally has negatively affected most countries in the world as a result of the Covid lockdowns.”
Still, he said, “ Pakistan Masha Allah has fared fairly more in meeting the challenge.”
The high minister also participated in a videotaped clip of the finance ministry prophet, Muzammil Aslam, who rubbished the perception that Pakistan’s frugality was tottering, but at the same time said prices of petroleum, gas, and comestible canvas weren’t in government’s control.
While an unprecedented rise in commodity prices internationally has adversely affected most countries in the world as a result of Covid lockdowns, Pakistan mashaAllah has fared relatively much better.https://t.co/KCKt8RipNs
It may be mentioned then that heads of the element parties in the Pakistan Democratic Movement (PDM) on Friday had pledged to launch another Tehreek-i-Nijaat ( movement of disposition) against the government for the “ unknown” affectation and “ heave-sided” responsibility being carried out to cover corruption of the ruling alliance.
Opposition leader and Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif held addresses with the heads of colorful opposition parties through telephone and videotape link and unanimously decided to give “ a tough time” to the government outside and outside the Parliament House.
The mainstream opposition parties had joined hands to form PDM, but with the departure of the Pakistan Peoples Party (PPP), the alliance lost brume.
It’s believed that if the PPP, which also rejects PTI’s profitable programs, replied PDM, the movement would strengthen.
Read: PM Imran Says US finds Pakistan helpful just to clear mess in Afghanistan
Meanwhile, quoting data of the UN’s Food and Agriculture Organisation (FAO), the finance ministry’s spokesperson, Muzammil Aslam, said from September to October this time, food prices had increased by1.9 percent, World Cereal Indicator by3.2 pc, comestible canvas prices by9.6 pc and dairy products by2.6 pc.
On the other hand, “ despite worldwide affectation trend, Pakistan’s exports recorded an increase of 17pc in October and likely to touch$ 30 billion mark this time,” he said, adding that cloth exports were anticipated to reach$ 22bn.
The spokesperson said as a result of timely measures,non-oil significances were reduced by12.5 pc last month, making a difference of$ 750 million.
Also, with the increase in profit, duty collection had surged, seeing a 32pc increase in four months and bringing a fresh Rs151bn to the government compared to last time, he said.
Mr. Aslam went on to say that as per the rearmost data, the country’s cotton crop increased by 81pc in the last four months while the assiduity recorded a growth of over 12pc. Companies also registered a rise in gains by 21pc in August, he added.
“ All this shows that the country’s frugality is moving presto and employment openings will be created in the coming days,” he claimed.
About the relief given to the middle class in the high minister’s lately blazoned Rs120bn package, he said the government had formerly blazoned that a concession of Rs5-7 would be extended on every unit that’s consumed between November and February.
Also, he said sugar prices would fall in the near future owing to record sugarcane crop, adding that, “ all these effects will appear on the ground in the coming days”.
The prophet, still, said “ Prices of petroleum, gas and comestible canvas weren’t in government’s control”, but, due to record crops this time, Pakistan would crop from a food deficiency to a food fat country.
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