PTI Chairman Imran Khan is levelling allegations against the very person who brought him into power, said Prime Minister Shehbaz Sharif on Friday as he blasted him for his performance and mode of politics.
In a scathing attack, Shehbaz said no one could resort to the abusive language which Imran used against Gen (r) Qamar Javed Bajwa, during a speech in which he blasted the PTI chairman for the claims that he is making about former army chief.
However, the prime minister also shared some good news, saying an IMF team led by its head would arrive in Pakistan within two or three days after which the next tranche could be released.
It is certainly a good sign for the cash-starved country gripped by political and economic uncertainty with the delay in the IMF deal’s execution being the biggest reason behind all kinds of speculations about the possible default.
Shehbaz said the government made it clear to the IMF that they could not further burden the masses and won’t impose new taxes on them – an obvious reference to the demand of increasing power tariff.
The government would tax the rich, he added as his government is going for windfall tax on banks for their foreign reserve earnings with a rate ranging between 50 to 70 percent.
The suggestion first came after an inquiry conducted by the State Bank of Pakistan found several banks involved in currency manipulation which hiked the dollar exchange rate.
In latest media reports, it has emerged that commercial banks are refusing to issue letters of credit (LCs) for edible oil imports at the official exchange rate despite the exclusion of the sector from the condition of prior permission from the central bank.
The importers and local oil/ ghee manufacturers have been informed unofficially that their LCs cannot be opened at the interbank exchange rates. However, the commercial banks are very much willing to do business if they open credit letters at Rs250 and above the exchange rate against a dollar.
Shehbaz, who was addressing the inauguration ceremony of Hazara Electricity Supply Company in Islamabad, said Imran had destroyed the China Pakistan Economic Corridor (CPEC). The PTI chairman himself and through his toadies levelled baseless corruption accusations against Chinese firms and annoyed China.
But it wasn’t just China, he added, as Imran damaged with all friendly nations and the incumbent government had been working improving the ties.
The prime minister said he received phone call from IMF Managing Kristalina Georgieva who informed him that the Chinese premier had told her that Pakistan was a brotherly country and the financial institution must help the nation.
He shared this as an example while describing how Imran had damaged relations with China which still standing by Pakistan.