Mini-budget will worsen economic crisis, warns Shehbaz
ISLAMABAD – PML-N chairman and opposition leader in the National Assembly, Shehbaz Sharif, has warned that if the mini-budget is approved, the new year will be the worst inflation year for the country.
In a statement, Shehbaz said the government wanted to make parliament a buffer to meet IMF demands. The mini-budget and accompanying legislation was in fact an attack on the sovereignty of parliament, the State Bank of Pakistan, economic sovereignty, national interest and security. He said that if the parliament did not defend the interests of the people, then it would not be considered a representative body of the people.
This mini budget was a practical interpretation of taking the whole ship to the bottom of the sea just because there was a fear of drowning. The government itself had drowned in the flood of public hatred and was now imprisoning the country in the IMF cage, he added.
Shehbaz said upon seeing the performance of the government; the majority of people were completely disgusted and disappointed with the team present. This year, the government’s “mere increase” in petroleum prices by over Rs 39, was an injustice. The price of drugs has been rising steadily over the past three years of the PTI plan.
The PML-N chairman said the PTI government’s recognition of the reduction in sugar production in the National Assembly was a refutation of his earlier claims. The government’s recognition of the closure of 2% of textile factories due to the gas shutdown confirms the concerns and warnings issued by the opposition beforehand. Shehbaz said all facts, information and documentary evidence recognized that the economy was in shambles.