#budget2024 #inflation #pakistan #specialtransmission
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ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
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NewsTranscript
00:00Hey guys, you have heard the news.
00:03For next financial year, the target of commercial loss is 24.96 crore 10 lakh dollars.
00:08According to the budget documents, the target of national revenue is 32.34 crore 10 lakh dollars.
00:14What are the details? Let's ask Aleem Malik. Tell us, Aleem.
00:18Yes, the government has set the target of national revenue of 32.34 crore 10 lakh dollars for next financial year.
00:24According to the budget documents, the target of commercial loss is 3.70 crore 10 lakh dollars.
00:32For next financial year, the target of national revenue is 57.28 crore 10 lakh dollars.
00:41According to the budget documents, the target of national revenue is 30.27 crore 10 lakh dollars.
00:50For next financial year, the target of national revenue is 32.34 crore 10 lakh dollars.
00:56Thank you, Aleem Malik for updating us.
01:01And the news is that the meeting of the Fidelity Cabinet has ended.
01:04Prime Minister Shahbaz Sharif has signed the budget proposal.
01:08Deputy Bureau Chief of Islamabad Azhar Farooq has more details. Tell us, Azhar.
01:12Yes, the special meeting of the Fidelity Cabinet has ended.
01:16Prime Minister Shahbaz Sharif has signed the budget proposal.
01:22The Fidelity Cabinet has approved more than 18,000 billion rupees budget proposal.
01:28In this, the government employees and the farmers have been provided with special benefits.
01:34The government employees' salaries and pension will be allocated to the Prime Minister and the Minister of Treasury.
01:41And in this regard, the Minister of Treasury has made significant announcements in his budget proposal.
01:46Thank you, Azhar Farooq, for updating us.
01:54And the news is that the meeting of the People's Party of Pakistan has ended.
01:59The meeting of the People's Party of Pakistan has ended.
02:04What are the details? We know from Jahangir Khan. Tell us, Jahangir.
02:08The meeting of the People's Party of Pakistan has ended.
02:13The committee has now left the room number 5.
02:16During this meeting, the current situation of the budget has been considered.
02:20And the contact between the party and the government regarding the budget has also been considered.
02:25In this meeting, the government's attitude has been expressed and complaints have been filed on behalf of the committee.
02:32The budget proposal given to the government by the People's Party of Pakistan,
02:36was accepted by the government.
02:39But then suddenly, a U-turn was taken.
02:41And in particular, the People's Party of Pakistan was not taken into account at all by the PSDP.
02:46Although, when the government was being constructed,
02:49it was agreed that in the future, whatever budget comes, the People's Party of Pakistan and the Noon League will decide together.
02:54But unfortunately, on behalf of the government,
02:57the People's Party of Pakistan has been neglected.
03:00And the people of the party have...
03:03Okay, so Jahangir, you are saying that the people of the People's Party of Pakistan had given the opinion
03:08that they should not participate in the budget meeting.
03:10So, will the people of the People's Party of Pakistan participate in the budget meeting today or not?
03:15Yes, the parliamentary party has unanimously decided that the People's Party of Pakistan will not participate in today's budget session.
03:22And after that, the session of the parliamentary party ended.
03:25And the members of the party are at the Parliament House.
03:28At this time, all the members of the parliamentary party were present at the session.
03:33On behalf of them, on the PSDP's non-confidence,
03:36it was requested from its leadership that the party leadership should decide immediately.
03:41After that, the leadership of the People's Party of Pakistan has decided that the People's Party of Pakistan will not participate in today's budget session.
03:47The session of the parliamentary party has ended.
03:50Okay.
03:53Okay, Jahangir, you stay with us.
03:55Keep informing the viewers.
03:56The session of the People's Party of Pakistan has ended.
03:59The decision has been made that the People's Party of Pakistan will not participate in today's budget session.
04:04The People's Party of Pakistan has given the opinion that they should not participate in the budget session.
04:09When the parliamentary committee of the People's Party of Pakistan held this session,
04:14P.P. Erkan had complained against the government.
04:17He had broken the trust of the government by not trusting the PSDP.
04:21This was said on behalf of the opposition party of the People's Party of Pakistan.
04:25And it was also said that the support between the government and the PSDP was due to an agreement.
04:30The government will have to abide by the agreement.
04:32P.P. Erkan, despite not participating in the PSDP's budget session,
04:36despite not participating in the PSDP's budget session,
04:39there was a deadlock between the People's Party of Pakistan and the government.
04:43The session of the People's Party of Pakistan has ended.
04:47The People's Party of Pakistan will not participate in today's budget session.
04:53The session of the People's Party of Pakistan has ended.
04:56The People's Party of Pakistan will not participate in today's budget session.
05:01So, right before the budget session, this is a very, very interesting development.
05:32Today, Nafisa Shah Sahiba reiterated this statement.
05:35One step ahead, the People's Party, which technically speaking,
05:39you can say that we are not a part of the government, we are not a part of the government, we are not a part of the parliament.
05:43So, technically, we are not a part of the parliament.
05:45But obviously, everyone knows that the government is a part and parcel of the People's Party of Pakistan.
05:48Due to an arrangement with this government, today, the President of Pakistan, Mr. Asif Ali Zardari,
05:53due to an arrangement with this government, today, the Governor of KP, Mr. Faisal Kareem Kundi,
05:58that People's Party, from today's budget session, literally,
06:02that is, a while ago, the Deputy Prime Minister meets the People's Party.
06:05The People's Party gives them a shock by saying that we are not satisfied.
06:08They return unsuccessful.
06:10And the official time for the budget session is 4 o'clock.
06:13At 5.05, this news comes.
06:1665 minutes after the scheduled time for the budget session,
06:21that the President of the Jamaat of Pakistan, the People's Party, has refused to sit in this budget session.
06:27He has decided not to participate.
06:29Even though, my assessment on this is that ultimately, the People's Party does not want to become a hurdle in this budget.
06:34And if the People's Party becomes a hurdle, then it means that the budget is not accepted.
06:38However, in terms of politics, the People's Party has to show that
06:42we are not at all with the people's hostile actions.
06:45They are being cruel to the people.
06:47But at the same time, they have to accept it.
06:49This is so much so that the issue of the People's Party in the respect bill,
06:53where the Governor could have delayed it,
06:55the Governor could have become a hurdle, even temporarily.
06:58The Governor has gone out.
06:59Malik Ahmed has become the Governor.
07:01They have approved it.
07:02The Governor has come back.
07:03And the People's Party has said that we are against it.
07:05They are being so cruel to the people.
07:06So, it is like this.
07:07We will try that if we can take anyone from the Parliamentary Party of the People's Party
07:11and find out their chances in this,
07:13and find out from any senior member of the People's Party,
07:15then we will know their opinion.
07:16But anyway, this is very interesting.
07:19And also, this means a tough time for the Finance Minister
07:23after a few moments,
07:24when he will start his budget speech.
07:26Because it is decided that if the People's Party was present in the Iraqi Assembly,
07:30then obviously, they would not have at least said that
07:32they were raising slogans against the Minister of Treasury.
07:35So, now the Government will be present in a smaller number.
07:38And in such a situation, the Pakistan Institute of Justice,
07:41known as the Sunni Triad Council,
07:42will be protesting there.
07:44This Minister of Treasury will be presenting his first budget of his life.
07:47He is not a politician.
07:49He has no prior experience.
07:50So, it means that it will be a very tough time for him.
07:53And also, it means that the People's Party
07:55has given a message to the entire Pakistan,
07:58that in this budget,
07:59we cannot participate in public hostility.
08:03We are not with you.
08:04What can we do more than this,
08:05that we are not participating in the Budget of Justice.
08:07However,
08:08remember this too,
08:10remember this too,
08:11that Nafisa Shah Sahiba has said
08:13that we will definitely express our reservations on this budget.
08:16However,
08:17we will not become an obstacle in this budget.
08:19And remember this too,
08:20there is one aspect of this,
08:21which I do not agree with,
08:22that many people can see this in this perspective too,
08:24that if the budget does not pass,
08:26it means that the Government has failed.
08:28A number is required for the approval of every bill.
08:30A democracy is a type of government
08:32in which people are counted,
08:33not weighed,
08:34it is all a matter of counting.
08:36A number is required for the approval of every bill.
08:38Which bill is more important than the finance bill?
08:40So, if the People's Party does not approve this budget,
08:43then the budget has not failed,
08:44then the Government has failed.
08:45However,
08:46I personally do not think
08:47that the People's Party will go to this extent.
08:49They will be upset,
08:50they will say,
08:51let's do this,
08:52let's do this,
08:53let's do this,
08:54and ultimately,
08:55they will approve it.
08:56But,
08:57all the circumstances that have developed,
08:58this is a very interesting situation.
08:59If we can take any politician,
09:00if we can take any political anchor person,
09:02if we can take Kashif Abbasi,
09:03if we can take Khabar Ghumman,
09:04if we can take anyone,
09:05then we can also see
09:06its political interpretation.
09:07I would like to know
09:08how much they agree with my opinion
09:10or not.
09:11So,
09:12anyway,
09:13this has become a very interesting situation
09:14in which the parliamentary party of the People's Party,
09:16that is,
09:17all the parliamentarians of the People's Party,
09:18have lost.
09:19Khabar Ghumman is with us.
09:20Khabar,
09:21can you hear me?
09:22Yes,
09:23yes,
09:24we can hear you loud and clear.
09:25Thank you for your time.
09:26What kind of strategy is this?
09:27This is my own opinion.
09:28You know,
09:29your opinion,
09:30I think,
09:31is different from this.
09:32I think,
09:33what is the People's Party?
09:34I don't know.
09:35You get beaten up,
09:36you get beaten up.
09:37Whatever it is,
09:38it is a matter of
09:39doing this and doing that.
09:40Or do you think,
09:41no,
09:42the People's Party
09:43will ruin your work?
09:44Look,
09:45one thing to understand
09:46is that,
09:47if the budget bill
09:48is not passed,
09:49the finance bill is not passed,
09:50and the bill,
09:51as you know,
09:52only the National Assembly
09:53passes it.
09:54There is no difference
09:55in the finance bill.
09:56So,
09:57the government
09:58ends.
09:59The government
10:00falls.
10:01Because you don't have
10:02a simple majority.
10:03This means,
10:04it is very clear.
10:05If you can show people
10:06the number game,
10:07then,
10:08at this time,
10:09only with the support
10:10of the Pakistan People's Party,
10:12the simple majority
10:13number,
10:14167,
10:15is fulfilled
10:16by the current
10:17government.
10:18Therefore,
10:19you have given
10:20a very correct
10:21analysis.
10:22There will be
10:23demands.
10:24They must have
10:25asked for something
10:26for the Sindh government.
10:27Obviously,
10:28they have asked for
10:29money for the
10:30Salafi government.
10:31They have asked for
10:32some additional
10:33development schemes.
10:34So,
10:35eventually,
10:36they have to
10:37get on the same
10:38boat.
10:39They are already
10:40on the same
10:41boat.
10:42They are already
10:43on the same
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10:45They are already
10:46on the same
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10:48They are already
10:49on the same
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10:51They are already
10:52on the same
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10:54They are already
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10:57They are already
10:58on the same
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11:00They are already
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11:33They are already
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11:36They are already
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11:39They are already
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11:48They are already
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11:51They are already
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11:57They are already
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16:12They are already
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16:57They are already
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18:24They are already
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18:27They are already
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18:33They are already
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18:36They are already
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18:54They are already
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18:57They are already
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19:00They are already
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19:03They are already
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19:06They are already
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19:09They are already
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19:12They are already
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19:15They are already
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19:18They are already
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19:21They are already
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19:27They are already
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19:30They are already
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19:33They are already
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19:36They are already
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19:42They are already
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19:54They are already
19:55on the same
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19:57They are already
19:58on the same
19:59boat.
20:00They are already
20:01on the same
20:02boat.
20:03They are already
20:04on the same
20:05boat.
20:06They are already
20:07on the same
20:08boat.
20:09They are already
20:10on the same
20:11boat.
20:12They are already
20:13on the same
20:14boat.
20:15They are already
20:16on the same
20:17boat.
20:18They are already
20:19on the same
20:20boat.
20:21They are already
20:22on the same
20:23boat.
20:24They are already
20:25on the same
20:26boat.
20:27They are already
20:28on the same
20:29boat.
20:30They are already
20:31on the same
20:32boat.
20:33They are already
20:34on the same
20:35boat.
20:36They are already
20:37on the same
20:38boat.
20:39They are already
20:40on the same
20:41boat.
20:42They are already
20:43on the same
20:44boat.
20:45They are already
20:46on the same
20:47boat.
20:48They are already
20:49on the same
20:50boat.
20:51They are already
20:52on the same
20:53boat.
20:54They are already
20:55on the same
20:56boat.
20:57They are already
20:58on the same
20:59boat.
21:00They are already
21:01on the same
21:02boat.
21:03They are already
21:04on the same
21:05boat.
21:06They are already
21:07on the same
21:08boat.
21:09They are already
21:10on the same
21:11boat.
21:12They are already
21:13on the same
21:14boat.
21:15They are already
21:16on the same
21:17boat.
21:18They are already
21:19on the same
21:20boat.
21:21There's
21:22been nothing
21:23to do.
21:24There's
21:25absolutely
21:26nothing to
21:27do.
21:28There's
21:29absolutely
21:30nothing to
21:31do.
21:32There is
21:33no
21:33longer
21:34anything
21:35at all.
21:36They
21:37are already
21:38on the same
21:39boat.
21:40They are already
21:41on the same
21:42boat.
21:43They are already
21:44on the same
21:45boat.
21:46現在
21:47So you tell us, have you had any discussions with you people?
21:52Or will it be that the budget will come and then we will cut the live,
21:55that the budget is being seen from a particular chamber of commerce,
21:57a particular person is being seen, a particular person has expressed his dissatisfaction,
22:01Mr. Motiwala is also saying that I don't know anything.
22:03What is it? Tell us. Then I will go to Mr. Sharmila.
22:06Look, I will tell you that we are anxiously waiting for this budget.
22:10Okay.
22:11This budget has come, what are the positions in it?
22:13We have heard about the new taxes of 3,500 billion rupees.
22:16We are already not well.
22:18We too.
22:18We don't know where it will come from,
22:21and from where it will be collected.
22:23So the information that I will get now,
22:24that 2,000 billion rupees will be collected with the addition of sales tax,
22:27or with the withdrawal of exemption,
22:30and 1,000 billion rupees will be collected from income tax,
22:32I don't know where it will come from.
22:34Because all the people who are paying income tax,
22:37we collect at least 87% of it.
22:39So we are very much, as they say,
22:42we are very much anxious about it.
22:44We don't know what is happening.
22:46But if there is a budget of 3,500 billion rupees,
22:49and last year we saw what was the GDP growth,
22:53what was the growth of export,
22:54what did the large-scale industry perform,
22:56except agriculture,
22:58no sector has given any special performance.
23:00When it has not been given, if you put so much tax on it,
23:03then it will be an even bigger problem.
23:05It will be.
23:06Okay, I will come back to this.
23:07Mr. Zubair, I said that suddenly politics has become dominant in the economy.
23:11I understand, you are doing it with the help of politics.
23:15You understand our compulsion, right?
23:17So he is going to Mr. Bilawal.
23:19Yes, yes, of course.
23:20Mr. Vazir Azam is going, Mr. Rana Tanvil is going.
23:22So Mr. Sharmila, your voice was cut off.
23:24First, you were saying that we were told
23:26that the shares of the four subhoots will be discussed.
23:29It was not done at all.
23:30Then you said, a little before you,
23:32in the last, that now there is no time left,
23:34what will you discuss?
23:35So here your line was cut off.
23:37So was this the thought of almost the entire parliamentary party,
23:40or was this an order from the leadership,
23:42or was it the thought of the majority
23:44that now the budget is not sitting in it?
23:46Look, this decision was made with consensus.
23:49And the chairman took the opinion of all the members.
23:53Senators were also included in this,
23:55and MNAs were also included.
23:57It was a joint parliamentary party meeting.
23:59And it was decided that
24:01we will not participate in the budget session today.
24:04Because, look, we answer our voters.
24:07And when the People's Party supported them
24:10in Mr. Shahbaz Sharif's election
24:12through their vote,
24:14before that, there was an agreement
24:16that in the coming budget,
24:18in the PSDB,
24:20we will be discussed in all four subhoots,
24:22and our input will be received.
24:24And look, we have a manifesto.
24:27We have a history of serving the people.
24:30We have to bring relief to the people.
24:33And this is our promise to the people.
24:35But if PMLN violates that agreement,
24:37then there is no reason for us to further support them.
24:40So there are a lot of things.
24:42And did the chairman himself express
24:44his disappointment and frustration
24:46that the Noon League is not taking us on board
24:48on such a major issue?
24:50Look, the chairman,
24:52he also goes along with a certain understanding.
24:56And we gave a lot of leverage.
24:58We waited till the last day for PMLN
25:00to consult us.
25:02We don't blackmail anyone.
25:04People's Party doesn't believe in blackmailing.
25:06And People's Party doesn't carry out
25:07any kind of political activities.
25:09But let's not take the decency of People's Party lightly.
25:12If we don't have our numbers,
25:14then this budget can't be passed.
25:16This government can't survive.
25:18So the agreement with People's Party,
25:20you should act on that agreement.
25:22And this agreement is for the betterment of the people.
25:24So yesterday, Mr. Zardari met Mr. Shahbaz Sharif.
25:27Because yesterday, we heard that
25:29Mr. Zardari met him,
25:30and in the context of the budget,
25:31it wasn't discussed in today's parliamentary party.
25:33Look, unfortunately...
25:35What was that meeting all about?
25:37Look, the President of the country is the President of Pakistan.
25:40He can meet the Prime Minister whenever he wants.
25:42But consulting on the budget,
25:46taking input from People's Party,
25:48he had to do this with the People's Party team.
25:51He had to do this with the Chairman.
25:53He had to do this with the People's Party finance team.
25:55He didn't have to do this with the President.
25:57But in response to this,
25:58Mr. Sharmila said that
26:00this is a budget amendment.
26:01This is what we call a budget speech.
26:02Technically, it's a budget amendment.
26:04The House will open on this.
26:05It will go to the committees.
26:06It's open to discussion.
26:07When did we say that we don't have a final?