Imran Khan's party calls PML-N government's federal budget 'toxic'

ANI | Updated: June 13, 2024 at 06:52 IST

Islamabad [Pakistan]June 13 (ANI): Terming the Shehbaz Sharif government's budget for the financial year 2024-25 as 'toxic', Imran Khan-founded Pakistan Tehreek-e-Insaf said the salaried class had been stifled by the amendment tax brackets, Geo News reported. He added that despite grandiose promises of a bailout package, he “made a joke by allocating only PKR 5 billion” to the agriculture sector. The party, launching a scathing attack on the Pakistan Muslim League-Nawaz (PML-N)-led government, termed the Finance Bill 2025 presented in the National Assembly as a “poisoned budget” and a “bundle of contradictions ”, according to Geo News. The federal budget for FY25, according to a PTI spokesperson, was presented “against the nation, employment and economic development”. The former ruling party further accused the PML-N administration of being “effectively dictated” by the International Monetary Fund (IMF) and lacking control over the finalization of fiscal measures.

The PTI said the gross domestic product (GDP) growth rate was unrealistic, saying it was pegged at 3.6 percent and would not increase even to 2.4 percent, as estimates the World Bank, Geo News reported on Wednesday. Additionally, the opposition party attacked the current administration for increasing taxes on real estate, which would “favor only cash transactions,” and for removing tax breaks for exporters. The PTI also attacked Prime Minister Shehbaz Sharif's government for increasing government salaries. The federal government on Wednesday unveiled the 2024-25 budget, with a total outlay of 25 per cent and an increase in petrol tax to PKR 80 per liter, both of which would increase the financial burden on taxpayers. PKR 18.9 trillion. Prime Minister for Finance Muhammad Aurangzeb presented the budget in the National Assembly amid a noisy protest by opposition MPs from the PTI-backed Sunni Ittehad Council (SIC). Lawmakers raised their opposition to the government. banners, stood on their desks and tore up copies of the 2025 Finance Bill. (ANI)

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