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Inflation is taxation without legislation


Daily Times
Wall Street Journal, titled,
The budget for the fiscal year 2020-21 was made amidst very difficult times when the country was suffering immensely in terms of human casualties and economic hardships. It was claimed by the coalition government of Pakistan Tehreek-i-Insaf (PTI) that it would remain in the programme of the International Monetary Fund (IMF). However, it will negotiate not to impose new taxes, raise the prices of electricity, POL products, and eatable consumed by the poor people. Within 20 days of the passage of the budget for the fiscal year 2021-22, it did all required by IMF. It is not only highly immoral all political parties damn care about but also going to destroy tall claims about growth. ....

Muhammad Ramzan , Eidul Azha , Huzaima Ikram Ijaz , Imran Khan , Shaukat Tarin , Pervaiz Hassan , Ikramul Haq , Neelum Jhelum , Abdul Rauf Shakoori , Huzaima Ikram , Munawar Anjum , Yousaf Raza Gillani , Huzaima Bukhari , Asad Umar , Eid Al Adha , Shaukat Fayaz Ahmed Tarin , Jehanzaib Malik , Milton Friedman , International Monetary Fund , Petroleum Dealers Association Of Pakistan , Ministry Of Industries , Power Division , Pakistan Atomic Energy Commission , National Transmission , Pakistan Peoples Party , Utility Stores Corporation ,

Substantial rise in essential items' prices okayed - Newspaper


• ECC allows transfer of marine assets to PNSC subsidiary
• Orders import of 200,000 tonnes of sugar
• Approves procurement of 200,000 cotton bales by TCP
ISLAMABAD: The government on Friday ordered import of 200,000 tonnes of sugar to build strategic reserves and increased the prices of wheat flour, ghee and sugar by up to 53pc for sale through the Utility Stores Corporation (USC).
The decisions were taken at a meeting of the federal cabinet’s Economic Coordi­nation Committee (ECC), which was presided over by Finance Minister Shaukat Tarin and was attended by only two other members of the 14-member ECC.
The ECC also allowed import of 200,000 bales of cotton to meet requirements of the textile industry and made about Rs116 billion non-cash book adjustment in various public sector power producers to contain circular debt. ....

North West Frontier , Port Qasim , Azad Jammu , Shaukat Tarin , Kamyab Karobar , Neelum Jhelum Hydropower Company , Naya Pakistan Housing Development Authority , Ministry Of Maritime Affairs , Karachi Port Trust , Services Company Private Limited , Ministry Of Industries , Ministry Of Commerce , Gwadar Port Authority , Central Power Purchasing Agency , Generation Mobile Services , Kamyab Pakistan Programme , Pakistan Atomic Energy Commission , Ministry Of Information Technology , National Transmission , Utility Stores Corporation , Cotton Price Review Committee , Trading Corporation Of Pakistan , Pakistan National Shipping Corporation , Port Qasim Authority , Economic Coordi , Finance Minister Shaukat Tarin ,

Subsidies on key USC items withdrawn


Subsidies on key USC items withdrawn
ECC decision to impact prices of flour, sugar and cooking oil
ISLAMABAD:
The federal government has decided to increase prices of wheat flour, sugar and cooking oil in the range of 19% to 53% at the Utility Stores Corporation (USC) by reducing subsidies for the poor, taking a second major administrative decision in as many days that will further fuel inflation.
The Economic Coordination Committee (ECC) of the cabinet on Friday increased the sugar prices to an amount even more than what the Ministry of Industry had recommended in its summary.
Despite the claimed sugarcane bumper crop, the ECC meeting – chaired by Minister for Finance Shaukat Tarin – also approved to import 200,000 metric tons more sugar, taking the total quantity to 300,000 metric tons within three weeks. ....

North West Frontier , Port Qasim , Shaukat Tarin , Azad Jammu , Neelum Jhelum , Imran Khan , Kamyab Karobar , Engineering Consultancy Service , Gwadar Port Authority Boards , Ministry Of Maritime Affairs , Economic Coordination Committee , Services Company Private Limited , Auction Of Next Generation Mobile Services , Ministry Of Industries , Power Division , Kamyab Pakistan Programme , Pakistan Atomic Energy Commission , National Transmission , Ministry Of Information Technology , Utility Stores Corporation , Ministry Of Industry , Neelum Jhelum Company Rs , Karachi Port , Cotton Price Review Committee , Trading Corporation Of Pakistan , Pakistan National Shipping Corporation ,