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New IMF programme to improve Pakistan’s funding prospects: Moody’s | Aniqa Nisar's Analysis
New IMF programme to improve Pakistan’s funding prospects: Moody’s | Aniqa Nisar's Analysis
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00:00The Deputy Prime Minister and the Minister of Foreign Affairs of the government, who increased the price of petrol by Rs 10 and diesel by Rs 6.18, 12 hours ago,
00:09claim that the inflation did not happen because of our government.
00:13The government did not bring the inflation.
00:17Remember the time when PM Nawaz Sharif was the Prime Minister of Pakistan.
00:22In just three years, Pakistan had become the 24th largest economy in the world.
00:28The inflation rate was 2%.
00:31The general inflation rate was 3.6%.
00:34The speed of development was 6%.
00:37Mr. Shahbaz Sharif and his team are working day and night.
00:40Inshallah, the day is not far when we will come out of this storm.
00:43The inflation rate has also come down.
00:44The amazing thing is that the former Minister of Treasury of the government, who increased the tax rate by Rs 4000,
00:51is still putting the responsibility of inflation on someone else.
00:55The former Minister of Finance of the government and the former Minister of Finance, Mr. Shahbaz Sharif,
01:01were the leaders of the government of the PDM.
01:04The investors want to put the responsibility on Tehreek-e-Insaf,
01:08whose government has been terminated for more than two years.
01:12I don't know who is their addressee.
01:16Because the people consider the current government to be responsible for inflation.
01:21And the current government decides on the budget.
01:24In addition to the people, the trade union says that instead of reducing their expenses,
01:32the government is continuing to oppress the people.
01:34In the past 15 days, Rs 17 per litre of petroleum has been increased.
01:39It is also important here that in addition to the increase in the price of petrol,
01:42the petroleum levy has also been allowed to be increased from Rs 60 to Rs 70 per litre.
01:47Which will be collected during the financial year.
01:50In addition, in the past week, after a $ 7 billion loan agreement between the IMF and Pakistan,
01:55Pakistan has also made it clear that it will tax the agriculture and retail sector
01:59and include other sectors in the tax net.
02:02In the report of the international credit rating agency Moody's,
02:06which will be published today, it is said that the new IMF program will provide financing.
02:14And this will improve the funding opportunities for Pakistan.
02:18According to Moody's report, due to inflation in Pakistan, there is a risk of social tension.
02:22The adjustment of the future in the funds of more taxes and taxes can put pressure on reforms.
02:29However, not having a strong electoral mandate to implement difficult reforms can create dangers.
02:37In the report of Moody's, it has also been said that the external financing needs of Pakistan
02:42are almost $ 21 billion.
02:45Pakistan's external position is still in a delicate situation.
02:59And with high external financial needs, there will be difficulties in the next three to five years.
03:07According to the report, weak governance and high social tensions
03:12are preventing the government's reforms from moving forward.
03:17The deputy prime minister wants to give hope to the people or put the responsibility of inflation on someone else.
03:25At this time, the government is relying on their community and is putting the responsibility on their community.
03:31With this, let me take your leave.
03:33Allah Hafiz.