Tag: National Interest

  • Govt hikes petrol and diesel prices by nearly Rs20 per litre

    Govt hikes petrol and diesel prices by nearly Rs20 per litre

    In a move to fulfill its commitment with the International Monetary Fund (IMF), Pakistan’s Finance Minister Ishaq Dar has announced a substantial increase in petrol and diesel prices. The revision has taken effect immediately today (August 1st), with petrol price rising by Rs19.95 per litre and diesel price climbing by Rs19.90 per litre.

    Here are the new petrol and diesel prices:

    Product Old prices New prices Increase
    Petrol Rs253 Rs272.95 Rs19.95
    Diesel Rs253.50 Rs273.40 Rs19.90

    Minister Dar stated that the price hike was necessary to comply with the IMF’s requirement to impose a petroleum development levy (PDL) on the rates. He mentioned that despite attempts to mitigate the impact on inflation-weary citizens, the government had little room to maneuver due to the binding agreement with the IMF.

    The announcement was originally scheduled for July 31, but the government delayed the decision as officials sought ways to minimise the impact on the general public. The Finance Minister, making this announcement for the last time before his government’s term ends on August 12, emphasised that the decision was taken in the “national interest.”

    Dar clarified that if it were not for the IMF agreement, the government would have attempted to reduce the PDL to provide relief to the masses. He referred to the measures taken by the previous government that decreased petrol prices but resulted in a breach of commitments with the IMF.

    Explaining the reasons behind the price hike, the finance minister highlighted the surge in international market prices of high-speed diesel, which necessitated adjustments in local rates. He stressed that it was crucial to pass on the minimum amount to the consumers, considering the nation’s interests.

    The sudden increase in fuel prices is likely to have significant implications on the overall economy, including its impact on inflation rates and the cost of living for ordinary citizens. With the government’s term ending soon, the incoming administration will face the challenge of managing economic stability and addressing public concerns over rising fuel costs.

  • ‘Letter I have is proof’: Khan says details of ‘foreign conspiracy’ will be brought forward ‘at the right time’

    ‘Letter I have is proof’: Khan says details of ‘foreign conspiracy’ will be brought forward ‘at the right time’

    Prime Minister (PM) Imran Khan has claimed that the Opposition’s no-trust move is part of an alleged “foreign-funded conspiracy” hatched against his government.

    In what was a marathon speech lasting almost two hours on Sunday night, Khan discussed his struggling time as a politician, the achievements of PTI, his political ideology, and criticism on the Opposition.

    PM Khan further added that attempts were being made to topple his government and said, “some of our own people” are being used in this regard. The premier’s remarks came during Pakistan Tehreek-e-Insaf’s (PTI) power show titled Amr Bil Maroof (enjoin the good) at Parade Ground in Islamabad.

    We have been threatened in writing but we will not compromise on national interest

    “Attempts are being made through foreign money to change the government in Pakistan. Our people are being used. Mostly inadvertently, but some people are using money against us. We know from what places attempts are being to pressure us. We have been threatened in writing but we will not compromise on national interest,” said PM Khan.

    “This is the era of social media. Nothing can be hidden. We will not accept anyone’s dictation. We will have friendships with everyone but we will not submit ourselves to anyone,” said PM Khan, adding, “Attempts are being made to influence our foreign policy from abroad. We have been aware of this conspiracy for months. We also know about those who have assembled these people (the opposition parties) but the time has changed. This is not the era of Zulfikar Ali Bhutto.”

    The PM told the crowd that when former prime minister Zulfikar Ali Bhutto tried giving Pakistan an “independent foreign policy to the country”, Maulana Fazlur Rehman and Nawaz Sharif launched a movement against him.

    “And situations like today’s were created due to those conditions Bhutto was hanged,” said PM Imran. He added that today’s Bhutto’s son in law, Asif Ali Zardari, and grandson, Bilawal Bhutto-Zardari, are sitting with his murderers in thirst of a chair.

    “They do not have any shame they do politics on their grandfather and for the sake of their seat they are with the people who got him hanged,” said PM Imran.

     “I am placing the case of Pakistan’s independence before you. The letter I have is proof and I want to dare anyone who is doubting this letter. I will invite them off the record. We have to decide for how long we will have to live like this. We are getting threats. There are many things about the foreign conspiracy which will be shared very soon.”

    “We know who is behind it,” the premier said, adding that “there are a lot of things that will be revealed before the nation but at the right time.”

    “The nation wants to know who the man sitting in London is meeting with and whose directions the characters based in Pakistan are following? I am revealing the proofs we have. I cannot talk more in detail because I have to protect the interest of my country. I cannot talk about anything that harms my country. I could have told you about it. I do not fear anyone but I care about Pakistan’s interest.

    I want to speak my heart out and I want you to listen’

    At the beginning of his address, the premier thanked the attendees of the jalsa for responding to his call and gathered in Islamabad from every part of the country.  The premier also lauded his team for arranging the jalsa.

    “I pay tribute to my team and the nation [for making this jalsa possible]. Thank you for making me happy,” he said. “Today, I will have a heart-to-heart conversation with the nation.”

    Prime Minister Imran Khan while responding to the criticism about him using religious references during his political speeches, said that when he joined politics 25 years ago, it was for the sake of the ideology of Pakistan.

    “Nations are built on ideologies, and the ideology on the basis of which Pakistan came into being was Islam,” he said. The premier then added that he learned through his experience of living in the West that the true teachings of Islam were followed over there instead of Pakistan.

    “We are providing loans to families for housing, technical education, and small businesses. As soon as our tax was enhanced, I announced a subsidy and reduced rates of petrol and ‘Fazlur Rehman’,” he said. “I also offered a subsidy in power tariff. I promise I will spend more money on my people as our government collects more capital in taxes.”

    He said that Muslims ruled the world for a long time as they followed in the footsteps of the Holy Prophet (PBUH).

    “Based on those ideals, I envisioned a welfare state in Pakistan and Alhamdulillah, we have already started a journey on that path. I am proud of the fact that we have introduced a health system in the country based on the principles of welfare.”

    ‘I will not forgive them even if my government goes or even if I lose my life

    “Poor countries are backward because the law there fails to catch the rich who are involved in white-collar crimes. They transfer stolen and looted money to offshore accounts. Small thieves do not destroy a country like the way big thieves do.”

    “These ‘three stooges’ are looting the country for years and all this drama is being done to have Imran Khan surrender like former President General Pervez Musharraf. They are trying to blackmail the government. General Musharraf tried to save his government and gave these thieves NRO and it resulted in the destruction of Pakistan.” The PM uses the term “stooges” in reference to Asif Ali Zardari, Shehbaz Sharif and Maulana Fazlur Rehman.

    “Come what may, I will not forgive them even if my government goes or even if I lose my life,” he added.

    PTI government’s achievements 

    The premier recapped the achievements of his government, including how the country steered itself out of the coronavirus pandemic and how its economy remained stable while the whole world was struggling.

    “Today, I assure you that as I will continue to collect money through taxes, I will utilise that money for the betterment of the country.”

    “InshaAllah, once we complete our five-year term, history will show that no other government worked as much as the PTI government did [for the development of the country].

    The premier said, “Our exports reached a historic high. We collected unprecedented tax. We gave incentives to overseas Pakistanis and received record remittances. We formed an ease-of-business model for the construction sector that led to the growth of 30 other allied industries.”

    “Covid erupted that led to closure of the world but I did not shut my country and faced criticism. I can proudly say that Pakistan’s steps were acknowledged by the world as they helped save the economy,” he said.

    “We saw record crops. It happened because we facilitated our farmers. We protected them. Now Pakistan’s industries are growing rapidly. Textile industries are struggling to find labour because all industries are working at their full capacity. This is the first time government is supporting its industries.”

    He urged TV anchors to invite economic experts on their shows and conduct a comparison of his government’s performance with the previous ones.

    The premier had said that he would “surprise” the Opposition a day before the no-confidence motion session, adding that he is yet to lay his cards on the table. 

    It is pertiennt to mention here that on March 8, the Opposition submitted a no-trust motion against Prime Minister (PM) Imran Khan in National Assembly (NA), which is likely to be tabled on Monday in a crucial NA session.