#budget2024 #inflation #pakistan #specialtransmission
Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY
Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP
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.
Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY
Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP
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.
Category
🗞
NewsTranscript
00:00Mr. Badami, I am talking about the agreement that was made.
00:04The agreement was that we will have a pre-discussion on this before presenting the budget.
00:12On the public sector development projects of all four provinces,
00:17it will be brought forward with the consultation of the People's Party.
00:20It is against that agreement.
00:22Now you are talking very precisely.
00:24And this was a matter of a few days ago. When did you get this commitment?
00:27I think it should have started a month ago.
00:29When the budget making process starts.
00:31So we should have consulted with the People's Party as per the decided contract.
00:35We have an agreement.
00:37Which individual gave this commitment?
00:39Or do you have any idea that we will discuss it precisely?
00:42We all agreed that if PMLN does not consider us,
00:48then they should consult with us.
00:51And if the agreement violates it,
00:56then there is no reason for us to attend the session.
00:59Can People's Party go to the extent of not supporting this budget when there is a dispute?
01:04Look, it is a matter of today's session.
01:08That we will not do the budget today.
01:10Now let's see what PMLN's attitude is,
01:13how they negotiate with us,
01:16and how they move forward with us.
01:19Because apart from this PSDB, there are many other things in the agreement
01:24which PMLN has not implemented with the People's Party.
01:28This is not the only thing.
01:30This is a part of the budget.
01:31But there are many other things.
01:32It is not being implemented.
01:34And if it is not being implemented,
01:36then it will be very difficult to move forward.
01:38There was not much discussion about taking part or not in the budget this year.
01:44Look, there will be discussion on that.
01:46There will be discussion on today's day.
01:49If this situation persists, then we may have to abstain from it.
01:53But there is no conflict on this.
01:55Do you know what abstaining means?
01:56Yes, I know.
01:57Abstaining means...
01:58And if the finance bill fails, it means the government has failed.
02:02Exactly.
02:03We know the repercussions.
02:05And PMLN also knows the repercussions.
02:08So if they are violating their part of the agreement,
02:12then they should realize
02:14how important the People's Party is to them.
02:16And if it is important,
02:24then they should start acting on their pre-agreed agreement.
02:32As we speak, Mr. Sharmila, you are on the premises of the Parliament and you have left.
02:36I am asking this because as we speak,
02:38the Deputy Prime Minister has reached out to Mr. Bilawal.
02:40So it is possible that Mr. Bilawal says,
02:42Mr. Sharmila, we have reached out to you.
02:44The Noon League has assured us.
02:46And you should be told to come to the Parliament.
02:48Have you left or are you still in the Parliament?
02:50Look, most of us are there in the Parliament.
02:54But we are leaving now.
03:05Say that again, please. Sorry.
03:07Some of us are still in the Parliament.
03:11Some of us have left.
03:13Okay, so as we speak,
03:15there is no indication that this decision will be revised and you will be called back.
03:19No, there is no such thing.
03:20You will be surprised if there is such a thing.
03:21There is no such instruction that you should stay in the Parliament.
03:23No, there is no such instruction.
03:25As of now, our Chiefs are still in the Parliament.
03:29Mr. Ajaz Jaqrani will remain in the Parliament.
03:31And Deputy Speaker will remain in the Parliament.
03:34And no one else will be asked to stay in the Parliament.
03:37Yes, so this means that today's discussion is difficult.
03:39Even if they agree, all the people's parties will still not be able to come.
03:42Because there is no instruction.
03:43Very, very interesting.
03:45And there was no dissenting voice in today's discussion.
03:48No, coincidentally, I told you that everyone had the same opinion.
03:53The Senators and the MNAs.
03:55Everyone had the same opinion that if the People's Party…
03:57Look, the People's Party is a very democratic party.
03:59Even when we sit inside, Mr. Chairman speaks openly and takes open advice from us.
04:04And when there is a consensus, then a decision is made.
04:08And a decision is made with consensus.
04:10And we are all with our Chairman Bilawal Bhutto Zardari.
04:13We are standing with him.
04:15And one last question, Mr. Chairman.
04:16I am repeating this.
04:18From Noon League, do you know which individual or which forum
04:21on whose side was it assured that we will discuss the PSDP Subo
04:26and so on, which has been violated?
04:29Look, before Mr. Shivashree's election,
04:32the people's party team that was sitting with PMLN team,
04:35I don't remember the exact name.
04:37I think it was Mr. Saeed Ghani.
04:39There were a lot of people.
04:40Yes, yes, exactly.
04:41This was 3-4 months ago.
04:43This decision was made with that team.
04:45Of course, this decision was made later as well.
04:47This was a settled thing.
04:49Okay, you are talking about that time.
04:51And these things have not happened since then.
04:52Which should have been done.
04:54If you have made a decision and you have made an agreement,
04:57then you should honour that agreement, right?
04:59Thank you so much, Mr. Sharmila.
05:01Thank you very much.
05:02Very interesting.
05:03Sharmila Faruqi Sahab is telling us a lot of inside stories
05:06about what happened today.
05:07Ali Malik, our correspondent, is with us.
05:09He is present in the corridors of the Parliament.
05:12Where there was an unprecedented situation before the budget session.
05:15I don't remember that in any recent history,
05:20there has been such a dramatic situation before the budget session.
05:22I don't remember.
05:23Where a government, for all practical purposes,
05:26the People's Party is a union.
05:28It won't be technically.
05:29It is practically.
05:30If the People's Party is out, then the government is down.
05:32The People's Party has said that they are not coming to the session.
05:35Ali Malik is present there.
05:36And Ishaq Dar has gone to Bilawal Sahab,
05:39along with Rana Tanveer Sahab, to convince him.
05:42Mr. Ali Malik, do you have any news from there?
05:44Because what Sharmila Sahiba has just told us,
05:46One thing is that you say that Arakeen should stay nearby.
05:49Stay in the Parliament.
05:50There is nothing like that.
05:52Some people have even left the Parliament.
05:55What information are you getting from there
05:57that some talks have reached somewhere or not?
06:00Yes, the reaction of the People's Party so far.
06:04After that, the Deputy Prime Minister, Ishaq Dar,
06:08reached Tariq Fazal Chaudhary's channel, Bilawal Bhutto Zardari.
06:12And it was said that the media talks of the People's Party
06:17have also expressed strong reservations.
06:20Khursheed Shah, the senior leader, was also told that
06:23we were not taken in confidence in the PSPP.
06:26In addition, Shazia Maree, while talking there, said
06:29that it was a coincidence to discuss all these issues,
06:33but it did not happen.
06:35So to remove all these reservations,
06:37the Deputy Prime Minister has reached the chamber of Bilawal Bhutto Zardari
06:41and the meeting is going on there.
06:43And Bilawal Bhutto will be tried to accept this.
06:47Because today is a common day.
06:49The opposition will give the government a tough time.
06:55In this regard, it will be tried to accept that the People's Party has returned
06:59and will be tried to appease the People's Party and remove their reservations.
07:03So the Deputy Prime Minister has reached to appease the People's Party.
07:07Now it remains to be seen whether he can convince Bilawal Bhutto Zardari or not.
07:11So he has reached the chamber of Bilawal Bhutto Zardari to try.
07:15Thank you very much, Ali Malik.
07:18We will show you in a while.
07:21Khursheed Shah, the senior leader of the People's Party,
07:24has also said something.
07:25As soon as he comes to us, we will show you.
07:27Mr. Motiwala, can you hear me, sir?
07:30Absolutely clear.
07:32Now again, let me ask a question.
07:35I will have to jump back to politics again.
07:39Isn't it a bad news in the sense, irrespective of the parties,
07:42that which party is standing where.
07:44But this very clearly means that in such a time,
07:46when the economy is standing very delicately,
07:48it has been standing since our childhood.
07:49I am sure it has been standing since your childhood too.
07:51The country is on two sides and the economy is passing delicately.
07:53But in such a situation, the economy is suffering so much from politics.
07:57There will be big decisions ahead.
07:59Whether to privatize or not.
08:00Whether to reduce the NFC or not.
08:02Whether to hire a paid class or not.
08:04How practically can the salaries of government employees be increased?
08:07And what is the popular step?
08:09Whether to do pension refunds or not.
08:11If there is so much politics,
08:13then where will the economy continue to progress?
08:16Look, we have been demanding for a long time,
08:19since the time of Siraj Qasim Teli,
08:21that please segregate politics and business.
08:26Unless you do this, if you want to give progress to the country,
08:29then don't politicize it.
08:31Whenever the economy is politicized,
08:33there will be a lot of problems.
08:35Even today, our opinion is that politics and business should be segregated
08:39and should run separately.
08:41The politics that happens to shatter the economy,
08:47to shake the economy,
08:49we are never happy with it.
08:52We think that it should be smooth.
08:54According to the economic conditions,
08:56we should run the country.
08:58But unfortunately, the opposite is happening.
09:01A Jamaat that leaves the technical side,
09:03which is practically a part of the government,
09:05without which the government falls,
09:07is looking the other way.
09:08Otherwise, at least all the governments used to stand on one side.
09:10Now, a Jamaat that is a part of the government,
09:12but is not even a part of it,
09:14says that you are doing this to us.
09:16So, the whole matter has become more politicized.
09:18For right or wrong reasons.
09:21Waseem, the thing is that
09:23what is their position,
09:25what is their background,
09:27I was just listening to Sharmila Farooqi Sahiba.
09:29She did not even declare what the reason might be.
09:33Except the PSDP program,
09:36she did not take it in confidence.
09:39But these are all political things.
09:41I don't know what is going on inside.
09:43We never know what people will be angry about.
09:45Absolutely.
09:47I am saying the same thing.
09:49We don't know what is going on inside.
09:51Now, if all this is going on with them,
09:53and it is going on on the day of the budget,
09:55it is going on before the budget presentation,
09:57then what should we show the world?
09:59Is it disappointing for you on a personal level,
10:01as a businessman,
10:03that the most important event of the year,
10:05was the speech at 4 pm,
10:07and on 5.40 pm,
10:09the Deputy Prime Minister suddenly went there,
10:11to the head of a party,
10:13and said, sit down.
10:15Is it disappointing for you as a businessman,
10:17that where is the priority in life?
10:19Look, the whole episode is disappointing.
10:21Along with that, the news that
10:233,500 taxes will be imposed on Arabs,
10:25was further disappointing.
10:27Now, if you look at it,
10:29you are very right.
10:31I agree with you Haseeb.
10:33These movements that are going on,
10:35that we are passing,
10:37history is writing it.
10:39History does not forgive anyone.
10:41So, when it is being written,
10:43these are historical moments.
11:13I don't want to go into that topic,
11:15but I would like to respond to your
11:17question about the IMF.
11:19I would also like to comment on that.
11:21Look, the thing is,
11:23is the IMF helping us,
11:25or is it trying to finish us?
11:27I never understood.
11:29Look, whenever the IMF has a program,
11:31now if you tell me today,
11:33can this country,
11:35increase 3,500 billion rupees,
11:37or increase 40% taxes?
11:39I am asking you,
11:41I don't know.
11:43Okay, it can't be.
11:45My next question to you is,
11:47can this country run without
11:496-8 billion dollars?
11:51You are starting from minus,
11:53so if you don't take a loan,
11:55how will you run the country?
11:57Look, this is the problem.
11:59We have gone to the 23rd program of the IMF.
12:01When you go to the 23rd program of the IMF,
12:03you go with compulsion.
12:05We don't care if the IMF has 1.5 billion
12:07or 2 billion.
12:09The problem is not that.
12:11The problem is that when you
12:13enroll in the IMF,
12:15the world trusts you.
12:17The World Bank has not given you
12:191 billion rupees for the dams.
12:21That is why our program is running
12:23with the IMF.
12:25If Saudi Arabia gives,
12:27if China gives,
12:29everybody sees your position
12:31strengthens once you are
12:33in the IMF program.
12:35That means IMF has scrutinized
12:37you.
12:39They have given you 1.5 billion,
12:411 billion and 2 billion.
12:43It is a kind of a license
12:45that you are eligible to take a loan.
12:47Other institutions,
12:49monetary institutions,
12:51Paris Club, Asian Development Bank,
12:53World Bank,
12:55all need this.
12:57That is why we follow the IMF.
12:59If you look at the conditionalities of the IMF,
13:01you will see what they talk about.
13:03If they talk about circular debt,
13:05why don't you talk about
13:07scrapping the agreement with the IPPs?
13:09Why don't you talk about
13:11a new series of agreements?
13:13Why don't you talk about
13:15putting all the burden of circular debt
13:17on the industry?
13:19We will not allow you to pay
13:21even a single rupee.
13:23Because of the circular debt,
13:25your electricity prices have tripled.
13:27When we talk about the IMF,
13:29there is no doubt.
13:31Politics aside,
13:33I don't think we can do
13:35a better job than this.
13:37The pressure of the IMF
13:39and all the opportunities
13:41to increase it.
13:43If we talk about 3 billion,
13:45what will be left in this country
13:47that will be exempted?
13:49I don't think there will be any medicine
13:51or food.
13:53If you look at these things,
13:55then we talk about inflation,
13:57then we talk about its numbers.
13:59What else is there
14:01to do?
14:03If you don't want to
14:05impose additional taxes,
14:07which you are right about,
14:09then what else is there to do?
14:11There is no other option
14:13than smartly imposing taxes.
14:15Sir, what is the ideal position?
14:17We should increase our exports,
14:19home remittances,
14:21and our current account,
14:23which is in surplus,
14:25should also be in surplus.
14:27This is our way forward.
14:29According to me,
14:31there is no way forward
14:33through the IMF.
14:37If there is no additional tax,
14:39then how will the country function?
14:41Please answer this too.
14:43Look, I told you
14:45that this is a forced trade.
14:47But if you ask
14:49how the country will recover,
14:51then I am telling you
14:53that you have to increase exports.
14:55The industry has to create an environment
14:57that is regionally competitive.
14:59If you do that,
15:01then I guarantee you
15:03that the IMF will not be needed.
15:05Now, it is a matter
15:07of cat and mouse.
15:09If you leave it,
15:11then you will have problems.
15:13But you have seen
15:15what Sri Lanka has done.
15:17Sri Lanka took that risk
15:19and today its money
15:21is stronger than ours.
15:23I think that
15:25exports should increase.
15:27If exports do not increase,
15:29then you cannot do anything.
15:31You cannot generate employment.
15:33If you do not have an import-substitute industry,
15:35then you cannot do anything.
15:37When I see all these things,
15:39I feel very scared.
15:41Meanwhile,
15:43let me jump from the boat of economy
15:45and get into the field of politics.
15:47Because they have reached the point
15:49where Ishaq Dar's meeting
15:51with Bilawal has ended.
15:53He said that the people
15:55will get good news soon.
15:57I will not be surprised
15:59if the People's Party
16:01does not consider the country's
16:03best interests.
16:05I will not be surprised.
16:07But Khushi Shah
16:09has said something.
16:11Please show it.
16:13We have not discussed
16:15the PSGP.
16:17It was decided that
16:19the PSGP will be
16:21discussed later.
16:23It was not taken into consideration.
16:25He said that
16:27he has given a briefing.
16:29There is a difference
16:31between a briefing and a deliberation.
16:33The briefing was given
16:35but
16:37the PSGP had a commitment
16:39that it will not be taken into consideration.
16:41There is a salary clause,
16:43there is agriculture,
16:45there is a tax system.
16:47What policies will be there?
16:49If there is a loss,
16:51it will not only be the PMLN's loss,
16:53it will be our loss too.
16:55We want to be taken into consideration
16:57and told
16:59what will be your budget in the future.
17:01After that,
17:03we will talk to you.
17:05We will talk.
17:07We will not participate
17:09in today's budget speech.
17:11If it happens,
17:13if people say it,
17:15it is possible that
17:17it will be taken into consideration.
17:47The inflation rate has been increased.
17:49The inflation rate has been increased.
17:51The inflation rate has been increased.
17:53The inflation rate has been increased.
17:55The inflation rate has been increased.
17:57The inflation rate has been increased.
17:59The inflation rate has been increased.
18:01The inflation rate has been increased.
18:03The inflation rate has been increased.
18:05The inflation rate has been increased.
18:07The inflation rate has been increased.
18:09The inflation rate has been increased.
18:11The inflation rate has been increased.
18:13The inflation rate has been increased.
18:15The inflation rate has been increased.
18:17The inflation rate has been increased.
18:19The inflation rate has been increased.
18:21The inflation rate has been increased.
18:23The inflation rate has been increased.
18:25The inflation rate has been increased.
18:27The inflation rate has been increased.
18:29The inflation rate has been increased.
18:31The inflation rate has been increased.
18:33The inflation rate has been increased.
18:35The inflation rate has been increased.
18:37The inflation rate has been increased.
18:39The inflation rate has been increased.
18:41The inflation rate has been increased.
18:43Khursheed Shah has agreed.
18:45He was not even ticked out.
18:47He was so fresh that he agreed.
18:49He was so fresh that he agreed.
18:51He was so fresh that he agreed.
18:57Azhar Farooz, can you hear me?
18:59Azhar Farooz, can you hear me?
19:01Yes, I can.
19:03You said you will not go to PPP.
19:05You said you will not go to PPP.
19:07You said you will not go to PPP.
19:09You said you will not go to PPP.
19:11You said you will not go to PPP.
19:13You said you will not go to PPP.
19:15You said you will not go to PPP.
19:17You said you will not go to PPP.
19:19You said you will not go to PPP.
19:21You said you will not go to PPP.
19:23You said you will not go to PPP.
19:25You said you will not go to PPP.
19:27You said you will not go to PPP.
19:29You said you will not go to PPP.
19:31You said you will not go to PPP.
19:33You said you will not go to PPP.
19:35You said you will not go to PPP.
19:37You said you will not go to PPP.
19:39You said you will not go to PPP.
19:41You said you will not go to PPP.
19:43You said you will not go to PPP.
19:45You said you will not go to PPP.
19:47You said you will not go to PPP.
19:49You said you will not go to PPP.
19:51You said you will not go to PPP.
19:53You said you will not go to PPP.
19:55You said you will not go to PPP.
19:57You said you will not go to PPP.
19:59You said you will not go to PPP.
20:01You said you will not go to PPP.
20:03You said you will not go to PPP.
20:05You said you will not go to PPP.
20:07You said you will not go to PPP.
20:09You said you will not go to PPP.
20:11You said you will not go to PPP.
20:13You said you will not go to PPP.
20:15You said you will not go to PPP.
20:17You said you will not go to PPP.
20:19You said you will not go to PPP.
20:21You said you will not go to PPP.
20:23You said you will not go to PPP.
20:25You said you will not go to PPP.
20:27You said you will not go to PPP.
20:29You said you will not go to PPP.
20:31You said you will not go to PPP.
20:33You said you will not go to PPP.
20:35You said you will not go to PPP.
20:37You said you will not go to PPP.
20:39You said you will not go to PPP.
20:41You said you will not go to PPP.
20:43You said you will not go to PPP.
20:45You said you will not go to PPP.
20:47You said you will not go to PPP.
20:49You said you will not go to PPP.
20:51You said you will not go to PPP.
20:53You said you will not go to PPP.
20:55You said you will not go to PPP.
20:57You said you will not go to PPP.
20:59You said you will not go to PPP.
21:01You said you will not go to PPP.
21:03You said you will not go to PPP.
21:05You said you will not go to PPP.
21:07You said you will not go to PPP.
21:09You said you will not go to PPP.
21:11You said you will not go to PPP.
21:13You said you will not go to PPP.
21:15You said you will not go to PPP.
21:17You said you will not go to PPP.
21:19You said you will not go to PPP.
21:21You said you will not go to PPP.
21:23You said you will not go to PPP.
21:25You said you will not go to PPP.
21:27You said you will not go to PPP.
21:29You said you will not go to PPP.
21:31You said you will not go to PPP.
21:33You said you will not go to PPP.
21:35You said you will not go to PPP.
21:37You said you will not go to PPP.
21:39You said you will not go to PPP.
21:41You said you will not go to PPP.
21:43You said you will not go to PPP.
21:45You said you will not go to PPP.
21:47You said you will not go to PPP.
21:49You said you will not go to PPP.
21:51You said you will not go to PPP.
21:53You said you will not go to PPP.
21:55You said you will not go to PPP.
21:57You said you will not go to PPP.
21:59You said you will not go to PPP.
22:01You said you will not go to PPP.
22:03You said you will not go to PPP.
22:05You said you will not go to PPP.
22:07You said you will not go to PPP.
22:09You said you will not go to PPP.
22:11You said you will not go to PPP.
22:13You said you will not go to PPP.
22:15You said you will not go to PPP.
22:17You said you will not go to PPP.
22:19You said you will not go to PPP.
22:21You said you will not go to PPP.
22:23You said you will not go to PPP.
22:25You said you will not go to PPP.
22:27You said you will not go to PPP.
22:29You said you will not go to PPP.
22:31You said you will not go to PPP.
22:33You said you will not go to PPP.
22:35You said you will not go to PPP.
22:37You said you will not go to PPP.
22:39You said you will not go to PPP.
22:41You said you will not go to PPP.
22:43You said you will not go to PPP.
22:45You said you will not go to PPP.
22:47You said you will not go to PPP.
22:49You said you will not go to PPP.
22:51You said you will not go to PPP.
22:53You said you will not go to PPP.