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"Moujoodah Hukumat Apnay Saye say bhi Darti Hai..." Miftah Ismail's Shocking Statement
"Moujoodah Hukumat Apnay Saye say bhi Darti Hai..." Miftah Ismail's Shocking Statement
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00:00The fact is that Canada has cut its interest rate, after the decision, European Central
00:05Bank has also cut its interest rate by 0.25% to 3.75% despite the fact that the interest
00:13rate was increasing last month.
00:14Now, the State Bank of Pakistan has also decided to reduce the interest rate by 1.5% to 20.5%.
00:21Is this the right decision and is the timing okay?
00:24I think the time is absolutely right.
00:26They should have done it at this time.
00:28I would have thought that they could have cut 300 basis points, but 150 basis points
00:33are very conservative.
00:34But, at least it is a move in the right direction.
00:38Mr. Gokay, for May, the interest rate of Afrat-e-Zar has decreased by 30% last year
00:43to 11%.
00:44But, the interest rate of Afrat-e-Zar is still 24%.
00:47With Afrat-e-Zar, the interest rate of FIQA is negative.
00:50Unfortunately, poverty and poverty are increasing.
00:52Financial loss is unbearable.
00:53Taxes are still very low.
00:54In addition, our debts, i.e. foreign and local loans, both are very dangerous.
00:55In terms of the preference of our government and in terms of direction, right now, the
00:56budget is day after tomorrow.
00:57Are you satisfied?
00:58Look, my demand is not in accordance with that.
00:59As it was said that whatever sacrifices had to be made to reduce Afrat-e-Zar, had to be
01:00made to the people, had to be made to the industry, had to be made to the unemployed, had to be
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