News @ 3 - 3rd July 2019

The PM announced that the government is now taking action against ‘benami’ properties of Pakistani politicians and will start seizing them from tomorrow.

Tax reforms to bring prosperity

PM Khan said that the first 10 months of the PTI government was very difficult as the country was suffering from an economic crisis.

He said that Pakistan’s economy going in the right direction, adding that the current accounts deficit increases when exports come down.

“Pakistan would become bankrupt if fails to pay the loans taken by previous regimes. The rupee devaluation increases the price of a dollar, he added.

Speaking over the tax collection system PM Khan said that the tax base will increase when the government will succeed to attain $5.5 billion.

“Pakistan is the country where people usually pay low tax and with this type of approach it becomes difficult to run the country,” he said.

Talking over the system of Federal Board of Revenue, PM Imran Khan said that the reforms in the institution are on cards as it has become necessary.

“Those who have made the country bankrupt are asking us for accountability. Previous rulers of [PML-N, PPP] have ruined the departments like PIA and Railway.”

“Reforms are necessary to bring the economy of the country on track. We’ve done our homework and will bring reforms according to the situation.”

“United Arab Emirates (UAE), Saudi Arabia, China and Qatar have come to support Pakistan in difficult times. Pakistan could have become bankrupt if they didn’t help us.”

Talking about the IMF bailout, the premier said that the economy would become more stable with the introduction of the IMF program.

“The country will enter into a new era after the government reached an agreement with IMF on July 3,” said PM.