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Govt subsidising purchases of primary gadgets to assist weaker center class: Hafeez Shaikh

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Govt subsidising purchases of basic items to help weaker middle class: Hafeez Shaikh

ISLAMABAD: Finance Minister Dr Abdul Hafeez Shaikh mentioned Sunday the PTI authorities was subsidising the acquisition of important items to “help the weaker middle class”.

Speaking to media right here within the federal capital, Shaikh termed the efforts employed to not enable important items’ costs to rise was “a challenge” for the PTI regime. Decreasing the taxes on imported items, too, is “a challenge for us”, he added.

Shaikh mentioned that “when [Prime Minister] Imran Khan’s government came into power, the fiscal deficit was $20 billion”. Exports below the previous management of the PML-N had been zero, he famous.

The finance minister talked about {that a} $20-billion exterior deficit has now been become a surplus. The surroundings created because of the coronavirus pandemic additionally boosted Pakistan’s exports, he added.

Because the pandemic hit, the PTI regime launched a coverage to assist the susceptible group of the Pakistani folks experiencing financial hardship by the Ehsaas Emergency Money Programme, the price range of which Sheikh mentioned was elevated by the federal government from Rs100 billion to Rs200 billion.

“The prime minister’s first priority is to stop the rise in prices,” he underscored however famous that it was “a challenge” for the PTI authorities as was decreasing the taxes on imported items.

Speaking in regards to the Senate elections, he mentioned he wished for the polls to be clear. “Political parties are contesting the Senate elections and the polls should not be made personal,” he harassed.

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