Bijli Ki Qeematon Mein Relief.. Kya IMF Ki Marzi Shaamil Thi?? Meher Bukhari Ka Ahem Tajzia
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00:00The Prime Minister Shabaz Sharif and the Prime Minister of Punjab, Mariam Nawaz,
00:03after providing relief to the people in electricity prices,
00:05this question is being raised once again.
00:07Has this relief been given to IMF in confidence?
00:11Because more than a month has passed, and despite the government claims,
00:13the IMF Executive Board has not yet approved a new program for Pakistan.
00:19While for the month of August, the issue of Pakistan will not come under consideration in the IMF calendar.
00:26However, the IMF can take a decision beyond the current schedule.
00:29According to the Ministry of Finance,
00:31the IMF Executive Board is waiting for the financing gap to be filled by Pakistan.
00:35As soon as the gap is filled, the trust in funding will be made.
00:39Between Pakistan and the IMF,
00:41a new program of 7 billion dollars will be agreed on by the IMF in the period of 37 months.
00:46What reaction does the IMF have now?
00:48It is time to tell.
00:50But the former Prime Minister Nawaz Sharif and the Prime Minister of Punjab,
00:53are being criticized for reducing the electricity bill by Rs. 14 per unit.
00:56Why are they distributing cash like the king?
01:00It is a good step, there is no doubt about it.
01:02Only a person who buys electricity for Rs. 28 per unit knows
01:04what changes this Rs. 14 will bring in his life in two months.
01:08But the question is also important that
01:10it was not much better than a reduction in the electricity bill
01:13that circular debt would have been reduced,
01:15line losses and transmission losses would have been controlled,
01:17discos and IPPs efficiency and timely audits would have been done
01:21so that people would not be forced to buy expensive electricity.
01:25The current situation is that the textile industry in Faisalabad is shutting down.
01:28More than 100 mills have been shut down,
01:30as a result of which more than 200,000 laborers have become unemployed.
01:33While Pakistani companies are being registered in Dubai, Bangladesh and other countries.
01:38And in this financial crisis,
01:40the Shahbaz Sharif government has increased the country's loans and expenses by Rs. 31,336 billion.
01:45In the four-and-a-half-year period of terrorism,
01:47the amount of loans and expenses increased by Rs. 23,665 billion.
01:52After which the total loan amounted to Rs. 53,544 billion.
01:56Famous Pakistani economist and American economist Atif Mian
02:00has said in his ex-post that Pakistan is trapped in the trap of poverty.
02:05And the only way out of this is a big policy change.
02:09He further wrote that poverty is a terrible thing,
02:12but there is always a ray of hope with it.
02:15Poor people are ready to work on a low wage.
02:19And the income they can use to make more money is already there.
02:25If the government only helps to use this natural advantage,
02:29then progress and happiness can be achieved,
02:32as Vietnam and other countries like Korea did.
02:35Explaining the trap of poverty, he further said that
02:38efforts are made to stop progress for a long time.
02:41And some countries succeed in doing this through their collective decisions.
02:45And they remain trapped in this trap,
02:48which is called the trap of economic poverty.
02:51Atif Mian, basing the data of the 1980s, writes that
02:55since the 1980s, the rate of progress in Pakistan has been continuously decreasing.
03:00While the past two years have been the worst years in Pakistan's economic history.
03:04In the past, the rate of inflation was not so high and the rate of progress was not so low.
03:08But in the past two years, it is the result of the country's own policies.
03:13Are these just numbers?
03:15Regarding the hopelessness found in the country,
03:18Atif Mian further said that he has never seen such hopelessness on the roads of Pakistan.
03:23It seems that whoever can do this, wants to leave the country.
03:27For now, work is being done as usual in Pakistan.
03:30And this is very bad news for these people.
03:33Atif Mian's suspicions and judgments are absolutely correct.