Former federal minister for finance and revenue, Shaukat Tarin stated in a series of tweets that despite of rapid increase in fuel prices by 84/115 per liter, power electricity prices by 50%, the imported government still failed to procure assistance from the IMF.
He responded to the government on blaming PTI regime by stating the latest economic survey is a validation for the strong economic performance of the previous government. He added that economy was growing, exchange rate was stable, inflation was moderate, stock exchange was at 46k and kibor at 11.5%. He said, “everything has gone South since your government has come in.” So, the blame game should be stopped, and focus should be on improving their own performance.
Despite increasing petrol/ diesel prices by Rs84/115 per litre, power/ electricity prices by 50%, you have not been able to satisfy IMF. Latest economic survey released by your govt validates our strong economic performance, so stop blaming us and improve performance of your govt
— Shaukat Tarin (@shaukat_tarin) June 17, 2022
Read more: PM Shehbaz vows to expose PTI-IMF deal
IMF does not consider the interest of public: Tarin
The former minister also asked the prime minister Shahbaz Sharif to contact Russia, introduce targeted subsidies, increase FBR revenues, and get rid of non-essential expenses to provide relief.
The News quoted that Shaukat Tarin also said that had it been the PTI government, it would have taken the IMF loan by completing the seventh review in April.
“It was the responsibility of this government to contact Russia because the thirsty goes to the well,” he said. Tarin claimed that everything in the PTI government was going in the right direction.
Also, he addressed Miftah in a tweet and stated that India doesn’t seem to be concerned about uncle Sam influence and is purchasing oil from Russia regardless of being their strategic partner. They have bought 3.6m tons in May only. He mentioned, “There are no sanctions, so please have mercy on the already suffering people of Pakistan and buy Russian oil.”
Miftah jee,India doesn't seem to care about uncle Sam pressure and is buying Russian oil despite being their strategic partner. They have purchased 3.6m tons in May alone.There are no sanctions, so please have mercy on the already suffering people of Pakistan and buy Russian oil.
— Shaukat Tarin (@shaukat_tarin) June 1, 2022
Overall, despite of taking strict measures totally against the interest of public, the coalition government failed to satisfy the IMF conditions and is simply blaming the former government rather than focusing on tackling the current economic situation efficiently and effectively.