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What was the real reason for going to the IMF?

 


Finance adviser Hafeez Sheikh has said that the economy has not benefited due to the past policy. Due to the past policy, the IMF had to be repaid in the form of a loan of Rs 5,000 billion.

Speaking on the occasion, Hafeez Sheikh, Finance Advisor, said that in the past, the dollar has been kept under wraps. In the past, no attention was paid to increase exports. The way was kept short, difficult decisions were made to get out of this situation, difficult decisions had to be made to improve the economy, to make a policy that would make it easier for businessmen to export.

He said that the work of the government is to bring the private sector forward by formulating a good policy, abolishing all taxes on exports and improving the refund system, decided to subsidize electricity and gas, controlled government expenditure, appreciated our performance before Korona, people say don't talk of the past. Bloomberg added our stock market to the fastest stock markets, increased tax collection, raised the external deficit from 20 billion to 3 billion, increased taxes by 17%, our deficit turned into a surplus.

Dr. Hafeez Sheikh said that we had to change the policy of coronavirus, 5 to 6 billion tax evasion due to coronavirus, electricity bills of millions of commercial enterprises were paid during coronavirus, a historic package of subsidy was given during coronavirus.

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