🔴 2 crore Pakistanis have been pushed into abject poverty under Imran Khan’s economic mismanagement.
🔴 50 lakh more Pakistanis have been forced into unemployment.
🔴 Food Inflation is 15%, the highest in South Asia
🔴 SPI inflation has increased 13% every week since Feb 25
▶️
🔴 This budget will have Rs 383 billion in new taxes, including over Rs 260 in indirect taxes.

🔴 It gives continued amnesty to large property developers while increasing taxes on milk powder and sugar.

🔴 It gives a tax break to Suzuki but imposes sales tax on bicycles.

▶️
🔴 It gives a tax break to tycoons making profits on share trading but puts a tax on medical allowance of salaries employees.

🔴 It gives powers to arrest businessmen to junior officers of FBR, taking possible harassment to new heights.
▶️
🔴 This budget has Rs 68 billion for PTI MNAs projects. That’s about Rs 40 crore per constituency MNA. Remember IK said this was the root of all corruption.

🔴 With the imposition of petroleum levy projected in the budget, petrol & diesel will become more expensive by Rs 27. ▶️
🔴 What this budget needs to do most is to address poverty, inflation and unemployment with concrete measures. This the budget has failed to do.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Miftah Ismail

Miftah Ismail Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @MiftahIsmail

1 Mar
Having run up the largest deficits and public debt in our history, PTI is now trying to set a narrative that it is paying back national debt. It really takes some gall to spin this false narrative. In this thread I will try debunk this completely illogical and baseless claim. ➡️
No PTI supporter says that PPP paid back loans of Musharraf era, even though some of his debt was re-rolled during PPP’s tenure. Since our debt went up by ~ Rs 8000 bil during PPP’s 5 years (08-13) it means obviously that PPP didn’t pay back any debt but incurred more debt.
➡️
When PMLN came to power in 13, our public debt was Rs 14292 bil and when we left in 18 it was Rs 24593. We too re-rolled or re-issued previously issued debt but of course we didn’t pay back any debt but added Rs 10,661 bil in debt in our 5 years. That’s Rs 2,132 bil per year. ➡️
Read 10 tweets
14 Feb
گذشتہ ماہ حکومت نے بجلی کے نرخوں میں 1.95 روپے فی یونٹ اضافہ کیا تھا۔ رواں ماہ نیپرا نے دسمبر کے لئے فیول ایڈجسٹمنٹ چارجز میں 1.53 روپے فی یونٹ اضافے اور 2020 کی چوتھی سہ ماہی کے لئے سہ ماہی ایڈجسٹمنٹ میں 0.83 روپے اضافے کا تعین کیا ہے۔ لہذا آپ کے فروری کے الیکٹرک بلوں⬅️
میں فی یونٹ 4.31 روپے زیادہ اضافہ ہوسکتا ہے۔ یہ ایک تبدیلی ہے جسے ہم اپنے ماہانہ بجٹ میں محسوس کریں گے۔

پی ٹی آئی حکومت کسی بھی چیز کی ذمہ داری قبول نہیں کرتی ہے اور صرف پی ایم ایل این کی سابقہ ​​حکومت پر الزام عائد کرتی ہے۔ مثال کے طور پر جب پورا ملک بلیک آؤٹ کا شکار⬅️
ہوا تو ایک وزیر نے پی ایم ایل این کو مورد الزام ٹھہرایا۔ لیکن جب ان سے پوچھا گیا کہ کیا ہوا ہے تو انہوں نے کہا کہ وہ نہیں جانتے ہیں۔ لیکن وہ "جانتے تھے" یہ پی ایم ایل این کی غلطی تھی۔ آخر میں یہ پتہ چلا کہ پی ٹی آئی کے قابل لوگ گذشتہ موسم گرما میں معمول کی maintenance کرنا⬅️
Read 16 tweets
14 Feb
Last month PTI government raised base power tariffs by Rs 1.95 per unit. This month NEPRA has determined tariff increases of Rs 1.53 per unit in Fuel Adjustment Charges for December and Rs 0.83 in Quarterly Adjustment for 4th quarter of 2020. 1/17
So your electric bills for February maybe higher by Rs 4.31 per unit. That’s a Tabdeeli we will feel in our monthly budgets.

The PTI govt takes no responsibility for anything and just blames PMLN’s previous govt. 2/17
For instance when the entire country suffered a blackout a minister blamed PMLN. But when asked exactly what happened he said he didn’t know. He just “knew” it was PMLN’s fault. Later it turned out that Einsteins in PTI forgot to carry out routine maintenance last summer.
3/17
Read 16 tweets
8 Dec 20
As you know Ali bhai this matter was in govt’s hand and under PPRA rules during our term yet we still bought LNG in time and cheaper than other players in the market. And that too under constant slanderous and groundless criticism from all quarters. 1/9
The PTI govt missed two great opportunities on LNG this year. First to do a one- or two-year deal to purchase LNG for $4 or less (it’s buying at over $7 now, losing millions of dollars monthly for next two years). And second to tender in August for gas in December rather than 2/9
delay till October thus losing over $40 million just in December. But rather than admitting its mistakes it is coming up with increasingly convoluted and shifting excuses, and of course blaming the PMLN! For instance PTI says PMLN didn’t get any storage built. 3/9
Read 9 tweets
23 Nov 20
1. SBP has released its annual report. Statistics confirm a continuing economic downturn. Our GDP growth went from 5.5% in 17/18 (PMLN’s last year) to 1.9% in 18/19 and -0.4% this past yr 19/20. In 20/21 the govt expects GDP growth to be 2% and World Bank forecasts an anaemic 1%.
2. Given our population growth rate of 2.4%, in each of the three years PTI will make Pakistanis poorer on average by 0.5% (18/19), 2.8% (19/20) and 1.4% (20/21). This is not a record we can be satisfied with.
3. Inflation increased from 3.9% in 17/18 to 7.1% in 18/19 and 10.2% in 19/20 with urban food inflation at 14.6% and rural food inflation at 16.4%. Given that less well off ppl spend almost all their income on food, this is causing extreme misery on poor & lower income households
Read 19 tweets
8 Oct 20
1. Petroleum Division (PD) has issued very political and misleading tweets in reaction to my earlier tweets. Before that too the Energy Ministry had issued a factually incorrect press release attacking me that was not worthy of response. But today I think it’s best to respond.
2. The Energy Ministry in a press release dated Sept 25 said that “perhaps Mr Ismail does not know that the terminals are running at full capacity”. Well, THEY ARE NOT. From Sept 1 to the date the Ministry sent the press release, the PGPL terminal was running at 475 MMCFD
3. against the contracted capacity of 600 MMCFD. The statements of the Ministry are dishonest, and disappointing.

Then the Ministry again said that a 17 km long pipeline is required to give more gas to Karachi. This again is not true. They can give more gas to Karachi if they
Read 22 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(