Tag: shaukat tarin

  • ‘Jo sazish rok saktay thay, unko bataaya tha ke barri mushkil se mulk ki economy sambhali hai’: Imran Khan

    ‘Jo sazish rok saktay thay, unko bataaya tha ke barri mushkil se mulk ki economy sambhali hai’: Imran Khan

    Chairman Pakistan Tehreek-e-Insaf (PTI) and former Prime Minister (PM) Imran Khan while speaking to a public gathering said, “Jo sazish rok saktay thay, unko bataaya tha ke barri mushkil se mulk ki economy sambhali hai.” [Those who could stop the conspiracy I told them that we managed the economy with a lot of difficulty.]

    Khan on Friday claimed that he talked to “those who could have stopped the conspiracy” and also sent the then finance minister Shaukat Tarin to have a word with them but it turned out to be a futile exercise.

    “I am ready to go to jail and even die for this cause but I would never accept becoming a slave to the United States,” he said, adding that the “three stooges” [Asif Zardari, Shehbaz Sharif, and Maulana Fazlur Rehman] had hatched a conspiracy against his government in collaboration with the US.

    “Handlers, while sitting in the US, toppled a sitting government in Pakistan,” he said. “We would, therefore, continue a campaign against this conspiracy until elections are called anew.”

    Referring to PML-N supremo Nawaz Sharif and Prime Minister Shehbaz Sharif, Imran Khan said: “One of the brothers hurls abuses at the country’s army, while the other resorts to bootlicking.”

    He further said that PPP Co-chairman Asif Ali Zardari suggesting the National Accountability Bureau (NAB) reforms is “a sign of the Judgement Day”.

    “Those who could have stopped the conspiracy should know that the PTI government had stabilised the economy with great difficulty,” he added.

  • ‘Remarks not helpful’: UK cancels big meetings with Pakistan to protest Khan’s stance on Russia

    ‘Remarks not helpful’: UK cancels big meetings with Pakistan to protest Khan’s stance on Russia

    Both the United Kingdom (UK) and Pakistan administrations have learned that the diplomatic relations at this point of time have cooled off to the extent that the UK government has cancelled two important visits after Prime Minister (PM) Imran Khan met Russian President Vladimir Putin on the day Russia started assault of Ukraine and then PM’s blistering speech five days ago in which the prime minister said Western diplomats were treating Pakistan like slaves by pushing for tougher stance on Russia, reports Murtaza Ali Shah for The News.

    Pakistan’s National Security Adviser (NSA) Moeed Yousuf’s official visit to the United Kingdom for a meeting with UK’s National Security Adviser Sir Stephen Lovegrove was cancelled by the UK government to protest against Prime Minister Imran Khan’s visit to Russia, both Pakistani and the UK sources confirmed to The News.

    This week, a high-powered delegation of the UK administration was supposed to visit Pakistan for talks on various issues but that visit has been called off, said the UK government source to The News, who confirmed that the message was conveyed to Pakistan.

    The source shared that tensions are so heightened that the UK government called over UK’s High Commissioner to Pakistan Christian Turner for a briefing in relation to the new situation, including the UK-Pakistan relations. The source said Turner has briefed his government policy makers during the London briefings where the UK’s aid to Pakistan came under discussion too and a new policy in this regard will be announced soon.

    The UK government source shared that PM Imran Khan’s public condemnation of the European nations have caused unease amongst the countries, especially Britain, which has often supported Pakistan at various international forums.

    READ MORE: ‘Kya hum aap ke ghulaam hain?’ PM Khan slams EU ambassadors based in Pakistan

    The Pakistani source shared that Pakistan has decided to follow an independent foreign policy and PM Khan’s visit to Russia and his latest public statements are a reflection of Pakistan’s new approach. The source said Pakistan is not against any country and has the right to follow its own policies.

    On Sunday, PM Khan questioned European Union (EU) envoys in Pakistan for their letter asking Islamabad to condemn Russia’s invasion of Ukraine.

    “Are we your slaves that you think we will do whatever you ask us to do?”

    PM should not have reacted publicly against EU, says Finance Minister Shaukat Tarin

    Finance Minister Shaukat Tarin on Wednesday said PM Khan should not have reacted “publicly” against the European Union in his recent speech where he lashed out at the bloc’s ambassadors for their “undiplomatic” statement asking Pakistan to condemn Russia for its invasion of Ukraine.

  • PM Khan visits China, ‘pitch book’ prepared to convince China to invest in Pak

    PM Khan visits China, ‘pitch book’ prepared to convince China to invest in Pak

    Prime Minister (PM) Imran Khan has left for China on a four-day official on Thursday to attend the ceremony of the Olympic Games Beijing 2022 where he will meet Chinese President Xi Jinping and Premier Li Keqiang. PM Khan is accompanied by a high delegation including China Pakistan Economic Corridor (CPEC) Special Assistant Khalid Mansoor.

    Prime Minister Office (PMO), in a tweet, said, “The visit would mark the culmination of celebrations commemorating the 70th anniversary of the establishment of diplomatic relations between and with more than 140 events organized to showcase the resilience of the All-Weather Strategic Cooperative Partnership.”

    This visit would be PM Khan’s fourth visit to China. Previously, he went on a two day (October 8-9) visit to China in 2019, before the Covid pandemic.

    Prior to the premier’s departure, cabinet members who are accompanying him termed this visit to China of great significance.

    Foreign Minister (FM) Shah Mahmood Qureshi revealed that many Chinese companies are “desirous” of investing in Pakistan. According to him, the visit will further expand bilateral relations and promote high-level exchanges.

    Finance Minister Shaukat Tarin stated that it is a “very important” trip politically and economically. He added that China would be asked to relocate some of its required industry needs to Pakistan.

    Meanwhile, National Security Adviser (NSA) Moeed Yusuf stressed that the trip is important in regards to solving the Afghan crisis. He said that the issue will be discussed during the visit as well.

    Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain, while highlighting the years of friendship between both countries, said “Pak-China relations are deeper than the oceans and higher than the Himalayas.”

    Planning Minister Asad Umar said the trip has come at a “very important time”. A special book has been prepared which will explain why Pakistan is a prime destination for investment and will be presented to the Chinese leadership, Umar shared via Twitter.

  • IMF approves one billion dollar loan tranche for Pakistan

    IMF approves one billion dollar loan tranche for Pakistan

    The International Monetary Fund’s (IMF) Executive Board has approved the $1 billion loan tranche of their programme for Pakistan.

    Federal Minister for Finance and Revenue Shaukat Tarin taking to Twitter confirmed the news.

    “I am pleased to announce that IMF Board has approved 6th tranche of their programme for Pakistan,” he wrote.

    https://twitter.com/shaukat_tarin/status/1488928059562545159

    The sixth review was scheduled for January 12, 2022, and later January 28, but was postponed twice on Pakistan’s request, to attain more time for implementing IMF conditions.

    In order to meet another condition of the IMF, the government had successfully managed to get the State Bank of Pakistan (Amendment) Bill, 2021, cleared from the Upper House of Parliament — which was the last stumbling block in reviving the stalled programme.

  • Govt plans to launch Ehsaas petrol cards for motorcyclists

    Govt plans to launch Ehsaas petrol cards for motorcyclists

    The federal government has planned to launch Ehsaas Petrol Cards for motorcyclists to enable them to buy petrol at a subsidised rate.

    Earlier this week, Naya Pakistan Qaumi Sehat Card was distributed by the government, which will provide free medical treatment to all citizens at government and private hospitals.

    In a meeting chaired by Federal Minister for Finance and Revenue Shaukat Tarin, several other proposals were also considered such as subsidised fuel, tax reliefs, rise in income/minimum wages, internships, record tax collection and removal of bureaucratic hurdles.

    The government also intends to raise the pay of public sector employees in the upcoming fiscal year 2022-23 budget. Moreover, it has been reported that no consideration was made regarding monetising of bureaucratic perks and privileges.

    A meeting was also held to discuss the Kamyab Pakistan Programme progress. It was informed that the first phase of the programme is going successfully and that the loans are being disbursed after fulfillment of requirements to the deserving applicants.

  • PML-N’s Musadik Malik questions Yusuf Raza Gilani’s absence as Senate passes SBP Amendment Bill

    PML-N’s Musadik Malik questions Yusuf Raza Gilani’s absence as Senate passes SBP Amendment Bill

    The Senate on Friday passed the State Bank of Pakistan (SBP) Amendment Bill 2021 amid an outcry from the Opposition on suffering back-to-back defeats in the House, where it otherwise enjoys a dominating numerical strength.

    The bill was passed by the upper house with the treasury benches enjoying a one-vote lead of 43 members over the Opposition’s 42. The bill was presented by Finance Minister Senator Shaukat Tarin.

    Pakistan Muslim League-Nawaz (PML-N) leader Dr Musadik Malik, taking to Twitter, said, “Leader of the Opposition Yusuf Raza Gilani is missing. One vote, i.e. of Mr Gilani, is missing and the bill to make Pakistan a slave of the IMF was passed. And those who made him Leader of the Opposition voted for the government.”

    Taking to Twitter, Gilani’s son, Kasim Gilani said his father was absent from the Senate session because he had to attend Ghulam Rabbani Khar’s Qul. “To schedule secret sessions at midnight deliberately to overlap with bereavements is a violation of all norms of our culture, politics, and decency.”

    “The government summoned the session post midnight knowing well that the Qul of Noor Rabbani Khar was scheduled for today. YRG was in Multan and would not have been able to make it to Islamabad by 10am in anyway ent and he had to attend the Qul of his long time friend, political colleague, and father of two PPP MNAs.”

    On January 25, the Senate session was adjourned for Friday, January 28.

    The SBP Amendment Bill, 2021, promises complete autonomy to the central bank and places a complete restriction on the government’s borrowing from the central bank. However, the government can now borrow at a market rate from commercial banks, which will benefit private banks owned by business elites, according to the Opposition.

    The bill was passed by a majority vote. Chairman Senate Sadiq Sanjrani then adjourned the session till January 31.

  • No PTI minister present in front row of Parliament, Opposition lashes out at non-seriousness of govt

    No PTI minister present in front row of Parliament, Opposition lashes out at non-seriousness of govt

    Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Asif took to Twitter to lash out at the ruling Pakistan Tehreek-e-Insaf (PTI) and said, “The ongoing session of the Assembly, which has been called to pass the catastrophic budget and the State Bank of Pakistan’s (SBP) slavery bill, is currently suspended due to lack of quorum.”

    “Neither the government has its members beside it nor its allies,” tweeted Asif, adding, “How will both, the budget and the SBP’s bill will get passed.”

    “No minister is present in the front row,” said Asif.

    Meanwhile, Pakistan People’s Party (PPP) Chairperson Bilawal Bhutto-Zardari during his speech in the National Assembly (NA) on Tuesday lamented how the ruling Pakistan Tehreek-e-Insaf (PTI) has imposed taxes on the people of Pakistan. He further said that PTI was bringing a “tsunami of taxes” through the mini-budget.

    He also criticised the government over the SBP Amendment Bill 2021, which was approved by a National Assembly panel on Monday, saying that the IMF had demanded the central bank’s autonomy during the eras of PPP and PML-N as well but neither party had agreed.

    He said Leader of the Opposition in the National Assembly Shehbaz Sharif had talked about a national dialogue on the country’s economy but the government refused because of its “stubbornness”.

    PML-N’s Rana Sanaullah pointed out the lack of quorum as the opposition walked out in protest over the absence of Finance Minister Shaukat Tarin. The session was subsequently suspended for a short while.

    When the opposition returned, Federal Minister for Energy Hammad Azhar defended the government’s economic performance and blamed its predecessors for the country’s financial problems.

  • FBR data 2019: CM Buzdar paid Rs2,000 tax, PPP’s Yousuf Raza Gillani paid zero tax

    FBR data 2019: CM Buzdar paid Rs2,000 tax, PPP’s Yousuf Raza Gillani paid zero tax

    The Federal Board of Revenue (FBR) released its 2019 tax directory for parliamentarians. According to the document, the directory complied tax returns filed manually and electronically till January 3, reports Dawn.

    Finance Minister Shaukat Tarin said that special efforts were made by FBR to make the directory more informative “which will help not only in educating taxpayers but also in encouraging compliance with tax laws as a national duty.”

    According to the data, Prime Minister (PM) Imran Khan paid Rs98 lakh. Leader of the Opposition in the National Assembly (NA) Shehbaz Sharif paid Rs82 lakh while Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari paid Rs5 lakhs 30 thousand.

    Former president Asif Ali Zardari paid Rs22 lakhs. Finance minister, Shaukat Tarin paid Rs2 crore 66 lakhs while former PM Shahid Khaqan Abbasi paid Rs49 lakhs.

    Sindh Chief Minister (CM) Murad Ali Shah paid Rs11 lakhs while Punjab CM Usman Buzdar paid a minimal Rs2,000.

    Current Balochistan CM Abdul Qudoos Bizenjo Rs11 lakhs and his predecessor Jam Kamal Khan paid Rs11 lakhs 80,000. Khyber Pakhtunkhwa CM Mahmood Khan paid Rs66,258.

    Foreign Minister Shah Mahmood Qureshi paid Rs9 lakhs while Planning and Development Minister Asad Umar paid Rs43 lakhs. Energy Minister Hammad Azhar paid Rs 1 crore 80 lakhs.

    Muttahida Qaumi Movement-Pakistan (MQM-P) Senator Faisal Subzwari, Punjab Education Minister Murad Raas, and Punjab Prisons Minister Fayyazul Hassan Chohan were among several lawmakers that paid Rs2,000.

    Leader of the Opposition in the Senate Yousuf Raza Gillani and PML-N’s Azma Zahid Bokhari did not pay anything in taxes.

  • America forced IMF to impose strict conditions on Pakistan: Shaukat Tarin

    America forced IMF to impose strict conditions on Pakistan: Shaukat Tarin

    Federal Minister for Finance Shaukat Tarin termed the geo-political situation of the region as a reason for the International Monetary Fund’s (IMF) to impose strict conditions on Pakistan.

    The finance minister spoke about a number of issues, including the Supplementary Finance Bill 2021, inflation, State Bank Amendment Bill, prior actions demanded by IMF, and other core issues related to finance on Geo News‘ programme ‘Naya Pakistan’.

    The minister, terming the geo-political situation of the region as a reason for the IMF being forceful, said that the talks with the lender aiming to restore the United States (US) $6 billion Extended Fund Facility (EFF) were not a piece of cake after the US pullout of Afghanistan.

    Tarin admitted that America was behind IMF to impose strict conditions on Pakistan.

    The finance minister said that the petroleum levy in fuel prices has been increased as per the IMF’s demand.

    “We had cut down the sales tax on petroleum products to zero but were compelled to apply the petroleum levy due to IMF’s strict behaviour,” said Tarin, adding that the IMF had lent the country some money back in March 2021 on account of an increase in the petroleum levy.

  • Federal government to present mini-budget of Rs350 billion today

    The federal government will present the mini-budget worth Rs350 billion today.

    Prime Minister (PM) Imran Khan summoned a meeting of the federal cabinet that will approve the mini-budget at noon today. The federal cabinet, with PM Khan in the chair, will give a go-ahead to the Finance (Supplementary) Bill 2021.

    The Finance Amendment Bill 2021 will directly be presented in the National Assembly (NA) as part of the government’s effort to get the IMF package worth $6 billion.

    Finance Minister Shaukat Tarin will introduce the bill in the house to amend certain laws relating to taxes and duties.

    The Opposition has already vowed to block the passage of the bill during the NA session. The opposition has claimed that the bill will further increase inflation and add to people’s misery.