Pakistan Economy needs Harsh Decisions

Pakistan economy needs harsh decisions as Prime Minister of Pakistan Shehbaz Sharif reclaimed on Tuesday that the government is ready to take harsh decisions to deal with the challenging situation of Pakistan economy.

Speaking at the Cabinet Division, PM admitted that the recent harsh measures taken by the government to improve Pakistan economy, including hiking up the price of petrol and diesel, had increased misery of the lower income group of Pakistan.

“The current government assumed office during tough times and we were forced to take bold decisions.

We will take more such measures to improve the economy in case the need arises,” he said. “I am sure Pakistan will see economic prosperity in future.”, assured by the PM

PMN leaders also indicated that oil and commodity prices are hiking all over the world since the global economy is under pressure. Pakistan economy needs harsh decisions.

He said the government had introduced the ‘Sasta Petrol Sasta Diesel’ scheme keeping in mind the hardships being faced by the common man and 70 million people will benefit from it.

Under the initiative, Rs2,000 per month will be disbursed to households that earn below Rs40,000 per month.

“Millions of people will avail this offer,” the prime minister said. “We will relieve the common man through budget 2022-23 and tax high income earners.”

He added that the incumbent government was forced to take difficult decisions because the previous leadership failed to fulfil the promises made with the International Monetary Fund (IMF).

He blamed Imtan Khn and the previous Pakistan Tehreek-e-Insaf (PTI) government for creating a challenging economic environment in Pakistan.

“At a time when global oil prices were skyrocketing, the previous government announced a subsidy on petroleum products,” Sharif regretted. “This created a trap for the government and also jeopardised public well being.”