Wednesday, December 7

(Coalition govt will steer country out of economic crisis: PM)

ISLAMABAD:Prime Minister Muhammad Shehbaz Sharif has reiterated that coalition government will complete constitutional term and steer the country out of current economic crisis.

Addressing the Senators of PML-N here in Islamabad on Thursday, he said the nation is facing economic challenges due to wrong decisions of Pakistan Tehreek-e-Insaf (PTI) government.

The Prime Minister said PTI government accepted the conditions of International Monetary Fund (IMF) to impose 30 rupees Petroleum Development Levy and 17 percent General Sales Tax and later violated this agreement. He said it is first time in history that government has introduced a direct tax on the net income of rich people in the next fiscal year budget.

The Prime Minister said the government is committed to save the poor segment of society from the impact of increased petroleum prices and it is providing targeted subsidy of 2000 rupees per month. He said the government will take further steps to provide maximum relief to the common man.

Shehbaz Sharif reaffirmed government’s stance of restoring the cordial relationship with China, brother Islamic countries and global institutions. He said government is taking practical steps to end load-shedding in the country.