HomeNationalOur problem is not poverty, it is inflation: Finance Advisor

Our problem is not poverty, it is inflation: Finance Advisor

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Our problem is not poverty, it is inflation: Finance Advisor

Finance Adviser Shaukat Tareen says that experts say that according to the World Bank, poverty in Pakistan has been reduced by 1%. Yes, the lower middle class is moving, our problem is not poverty, it is inflation.

Talking to media in Karachi, Finance Advisor Shaukat Tareen said that the real effective exchange rate should be close to 165, 166, our money is undervalued at Rs. Granted, investment in the construction sector is also being looked at, real estate investment trusts are also being looked at, we will work to increase the number of investors.

He said that millions of people should invest in the stock market, why people do not have confidence, solve this problem, if we do not refinance then something else will have to be done, there were rumors that lockers would be seized. Yes, there will be no distraction in the market.

The finance adviser said that the rupee will now go to both sides, if it goes to the other side then the speculators will be killed, we will not allow taxes to be increased, we are giving subsidy of more than Rs 150 billion to the fertilizer companies for gas. Is this subsidy reaching the farmers? We will make sure.

He said that SMEs are the backbone of any country, there are 4 to 5 lakh SMEs in the country, we want SMEs to get claim credit easily, through successful youth program. We want to lend easily to SMEs, many SMEs are created from agriculture, we stand with SMEs.

Shaukat Tareen says that all taxes on petrol have been abolished, inflation rate in US has reached 9%, US has taken action on oil price, price is coming down, we want to reduce oil price. We will pass on all the benefits to the people.

“We have to develop the agriculture sector. We have never left the banks. Banks account for only 33% of GDP. Expansion of the capital market is an important need of the hour,” he said. As such, I will play my part in increasing the capital market.

“We have to compete with our neighbors, ignore the rumors, the rupee will not depreciate,” he said. They will be hit by coming, these bookies will be shocked when the value of dollar decreases.

Shaukat Tareen also said that there will be no new tax or increase in taxes, only tax exemption will be abolished. The development of AZ is the development of the country, the main problem of Pakistan is the rate of inflation, the growth that is taking place at the moment will benefit the middle class.



news from:قومی خبریں
#problem #poverty #inflation #Finance #Advisor

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