Federal Finance Minister Ishaq Dar has announced that the rate of electricity will be 19 rupees 99 paise per unit. Talking to the media alon...
Talking to the media along with businessmen in Islamabad, Finance Minister Ishaq Dar said that talks were held with the major exporters of Pakistan. got two months but then that permission lapsed.
Read more: Dollar will fall below Rs 200, claims Ishaq Dar
He said that his demand was justified that this facility should be in place by July 2023, after the completion of the IMF program on January 10, 2017, a package of 180 billion rupees was given, in return for which he promised that Pakistan would increase exports by at least 10 percent and later Shahid Khaqan Abbasi in August asked to give them another package of Rs 67 billion.
He said that there was a great need for export to Pakistan, in consultation with them and as a result, they increased exports by 12.7 %.
He said that if the same model continued to come to the same model, it increased the value of the currency only by Rs 4,000 billion in the first 3 years, which was $ 20 billion and exports during that time was $ 800 million.
Ishaq Dar said that the reason was that he left the rupee open and we saw the devastation, the market -based currency Muslim League (N) was done in 1999 but that does not mean that we have our currency. Leave it open
He said that the UK has intervened in a few days, India and Bangladesh have also intervened while about $ 100 billion has been imposed in India but we do not have that resources.
ALSO READ: Petroleum product prices have been reduced after IMF approval
The Federal Finance Minister said that when I was sitting on the plane and the news was confirmed, the market started work without saying me, on which I thank him.
He said that the original value of the dollar is below Rs 200 and has not yet been run but it has not been ruled out and today the dollar has reduced the value of domestic debt by Rs 2600 billion.
He said that the business community, exporters and farmers should benefit so that the economy improves and exports of $ 15 to 20 billion will be eliminated and external reserves will be eliminated and no international organization has to go.
Ishaq Dar said that he had signed an agreement and that the Minister of Commerce Naveed Qamar and Energy Minister Khurram Dastgir were also present in the talks and the rate has been settled with them. They will no longer talk about 9 cents.
He said that the Ministry of Energy will charge Rs. 99 per unit on electricity through discos.
Responding to journalists' questions, the finance ministry will have 90 to one billion a year and it is for all export sectors.
The Finance Minister said that in 2016 we had said goodbye to the IMF but then went to the IMF.
Read more: Muttah
"It is time to work, it has to work together for economic development, I tell all the political parties once again to work on the economy and all together for the development of the country," he said.
He said that Imran Khan had fulfilled a hobby before, he gave a sit -in for 126 days, he negotiated before and ended the sit -in and had been elected in front of everyone on the terms.
.jpeg)
No comments
Thanks