Categories: Pakistan

Govt and Former PML-N Leaders Clash Over Budget 2024-25

In an unprecedented exchange of words, Information Minister Attaullah Tarar and former PML-N stalwarts Miftah Ismail and Shahid Khaqan Abbasi engaged in a heated verbal duel today, condemning the tax-heavy Budget 2024-25 proposed by the Shehbaz Sharif-led administration.

During a joint press conference, Ismail and Abbasi launched scathing criticisms at the government’s fiscal policies, labeling the budget as detrimental to the country’s economic health. Former Prime Minister Abbasi, a vocal critic of the ruling coalition, emphasized the need for tax reforms and denounced what he termed as “misappropriation of funds.”

Abbasi also announced the forthcoming launch of a new political entity, Awaam Pakistan, scheduled for July 6 in Islamabad, with himself as the initial convener.

Meanwhile, Miftah Ismail lambasted the government’s budgetary allocations, alleging excessive spending on what he termed “fake expenditures.” He questioned the wisdom of imposing a 10% surcharge on high-earning individuals, a move he claimed was not recommended by the International Monetary Fund (IMF).

Read More: PM To Participate In Twin SCO Summits In Kazakhstan

In a swift rebuttal, Information Minister Tarar defended the government’s economic policies, asserting that significant reductions in inflation had been achieved over the past year. He dismissed accusations of financial mismanagement and refuted claims that funds were improperly allocated to Members of the National Assembly (MNAs).

The contentious Budget 2024-25, which proposes increased taxation measures amidst economic challenges, has sparked widespread debate across political circles and the public alike. With tensions escalating, all eyes are now on the upcoming political developments and the potential impact on Pakistan’s economic future.

Web Desk

Recent Posts

Physioveda Medical Center introduces comprehensive physiotherapy services in Dubai

DUBAI: Physioveda Medical Center offers physiotherapy services in Dubai, designed to meet the city’s growing…

47 mins ago

MENA ICON 2024 concludes with high-impact discussions and strategic insights

Gathering offers attendees invaluable insights into future of finance Engaging sessions on ‘The geopolitical trends…

1 hour ago

President Asif Ali Zardari suffers leg fracture at Dubai airport

Dubai: President Asif Ali Zardari sustained a leg fracture while disembarking from a plane at…

1 day ago

Pakistan Embassy’s new consular halls opens with enhanced features

Dubai: Newly constructed and renovated Consular Halls at Pakistan Embassy Abu Dhabi were inaugurated on…

1 day ago

MoFA, Finland Awards VFS Global Visa and Resident Permit Services Tender

Dubai: VFS Global has worked with the Ministry for Foreign Affairs of Finland since 2010…

2 days ago

Al Masaood Automobiles Renault Sponsors Manchester Thunder Women’s Netball Team

Al Masaood Automobiles Renualt has announced its sponsorship of Manchester Thunder Women’s Netball Team, a…

2 days ago