Pakistan’s agenda has been removed from the IMF board meeting claims Saleem Mandviwala - 10bmnews

Pakistan’s agenda has been removed from the IMF board meeting claims Saleem Mandviwala

Pakistan's agenda has been removed from the IMF board meeting claims Saleem Mandviwala
Pakistan’s agenda has been removed from the IMF board meeting claims Saleem Mandviwala


I don’t know if the next installment will come or not. The government has not been able to get 4 points in the last 3 years to get out of the gray list. Due to FATF’s gray list, the business community in Pakistan is facing difficulties at every stage. No, I hope Shaukat Tareen will highlight the issue of NFC, remove the feeling of deprivation in the provinces, the government should pay attention to the concerns of steel, automobile, telecom sectors, talks to media.


ISLAMABAD – Pakistan Peoples Party (PPP) leader and former Deputy Chairman Senate Senator Saleem Mandviwala have claimed that Pakistan’s agenda was removed from the meeting of the International Monetary Fund (IMF) Board. Given, it is not known whether the next installment will come or not, the government has not been able to get 4 points in the last 3 years to get out of the gray list, the business class in Pakistan is facing difficulties at every stage due to FATF’s gray list. No one talks on the subject, hopefully, Shaukat Tareen will highlight the issue of NFC, remove the feeling of deprivation in the provinces, the government should pay attention to the concerns of steel, automobile, telecom sectors.

During a post-budget press conference with Haider Zaman Qureshi at Sindh House here on Sunday, he said that the IMF had canceled the meeting with Pakistan because there was no agreement with the financial institution. Salim Mandviwala said that this did not mean us. Whether the next installment of the IMF will come or not.

He said the finance minister acknowledged that the IMF agreement had been wrongly signed because its terms were not appropriate and that he would now renegotiate.

Saleem Mandviwala said that Shaukat Tareen’s decision to renegotiate with the IMF was a big decision and he would have to do so because without it there would be no more inflation in Pakistan. He said that the government has not been able to get 4 points in the last 3 years to get out of the gray list. He said that the government claims that it has got 27 to 23 points to get out of the gray list of FATF but every time it says blacklist. I’m afraid to go.

Saleem Mandviwala raised the question as to what is the problem that the government has failed to achieve 4 points. He said that due to the gray list of FATF, the business community in Pakistan is facing difficulties at every stage but no one on this issue. The PPP leader said that the present Finance Minister Shaukat Tareen had brought the NFC award and his efforts in this regard were invaluable but despite the passage of 7 years, the NFC award was not brought.

He hoped that Shaukat Tareen would highlight the issue of NFC and address the sense of deprivation in the provinces. Referring to the concerns of industrialists, Saleem Mandviwala said that the steel, automobile, telecom sectors The government should pay attention to the concerns of the government. He said that there is no tax on some steel industries in the country while a large number of other steel industry pays taxes in such a situation, how can the tax-paying industry make its place in the market.

Saleem Maundviwala said that the federal excise tax in the steel sector was abolished and sales tax was imposed which means that they will not pay tax at all. He said that tax collection was destroyed every year, in 2019 5.5 tax collection. Last year, the budget was copied and pasted, the budget was presented but the cabinet did not present the budget. He said that new taxes of Rs 727 billion are being levied, the finance minister has wreaked havoc by imposing indirect taxes, the practice of buying things online has been levied, as long as the corona remains, the online system will continue to run Imposed on which no taxes have been levied before.

He said that a government that does not know how to collect taxes will make a budget. He said that there has been talking of increasing the petroleum levy, you should be prepared to increase the price of petrol by Rs 20 per liter, it will have a direct impact on the poor people. He said that LNG is also going to become 17% more expensive, gas prices are also going up, the price of sugar has already reached Rs 100, GST of Rs 7 has been imposed on the price of sugar. For the common man, I didn’t see anything in the budget. He said that the country’s exports have not increased in seven years, if the PPP government comes, we will increase exports

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