Khawaja Asif takes a jibe at ex-IMF officials in Pakistan, says more taxes coming in mini-budget

PML-N leader Khawaja Asif while addressing the budget session of the National Assembly on Monday termed top government officials having a career history with the International Monetary Fund (IMF) as mercenaries, saying Budget 2020-21 was a “temporary one”.
“There will be a mini-budget and more taxes will be imposed,” Asif said. “These are mercenaries; why are they brought [to power]?”
The PML-N leader, taking note of the ongoing coronavirus pandemic, said he honoured the healthcare professionals — including doctors, nurses, and paramedical staff — for not only putting their own lives on stake but also potentially risking their families as well. “This government’s policies are against them,” he added.
The former foreign minister said the incumbent PTI-led government was drawing back economically; “in fact, it has acknowledged defeat without saying it publicly,” he said.
Comparing the current government’s performance with that of the prior one led by the PML-N, he said growth in gross domestic product (GDP), agriculture, large-scale manufacturing, industrial, and service sectors were 5.5%, 4%, 5%, 4.9%, and 6.2%, respectively; the same under Prime Minister Imran Khan’s “Naya Pakistan”, however, were -0.4%, 2.7%, -0.78%, -2.6%, and -0.6%, respectively, he noted.
Similarly, tax collection, inflation, gross public debt, debt-to-GDP ratio, and exports were Rs3,842 billion, 3.9%, Rs24,953 billion, 72.1%, Rs24.8 billion, respectively, during Nawaz’s era and Rs3,844 billion, 11.2%, Rs35,207 billion, 85.0%, Rs19.7 billion, respectively, during Khan’s tenure.
The fiscal deficit-to-GDP ratio, public sector development programme (PSDP), the government’s running expenditures, and unemployment were -6.6%, Rs750 billion, Rs402 billion, and 5.8%, respectively, during the PML-N tenure, whereas the same under PM Imran’s administration were -9.2%, Rs623 billion, Rs475 billion, and 8.5%, respectively.
“The figures explain everything,” Asif said. “Unemployment is rising and millions of people are becoming jobless,” Asif said. “Imran Khan was brought with great desire and pampering.”
Unfulfilled claims
On government’s running expenditures, he said Planning Minister Asad Umar had claimed umpteen times that it would be reduced. The PSDP is a stimulus for economic activity, he noted, but millions of people were becoming unemployed.
“There were a lot of claims previously, even today, while presenting the budget, they were claiming that the budget was transparent and corruption-free one,” the PML-N leader said.
Asif said the PTI chief had earlier vowed against obtaining debts from the IMF and other international organisations. The incumbent ruling party had previously claimed that the amnesty scheme was for thieves but they have used it for their own benefit, he added.
“They had promised to punish the Sahiwal [incident’s] culprits but they freed them all later after giving them cheques at the chief minister’s house,” he said.
The former foreign minister said the government should have benefited from the falling interest rate but Pakistan “incurred a loss of about Rs1.5-1.7 trillion on interest rate”.
Put Hafeez Shaikh, Reza Baqir ‘on the ECL’
“We kept asking the State Bank of Pakistan Governor [Dr Reza Baqir] and the Public Accounts Committee (PAC) about the hot money and have exited after earning with a 13.5% policy rate,” he said.
“The undertakers of Pakistan’s current economy, Dr Hafeez Shaikh and SBP Governor should be put on the ECL [exit control list],” he warned, saying both should be given targets and sign performance bonds.
“Don’t make a mess out of country’s economy. The ordeal of corruption goes on unabated,” he added.
Asif also called for aiding the public servants during the pandemic. “You should have compensated the government employees during these hard times of crisis. They work hard day and night. They have abandoned our years-long practice,” he said.
Asif said while the list of corruption and accountability claims against the PPP and PML-N was quite long, “no attention is given to foreign funding and BRT case.”
‘Liability for their voters and sponsors’
“There will be a time when the incumbent government will become a liability for their voters and sponsors. Stop blaming the coronavirus for all your mishaps; the situation had slipped out of hands even before that.
“They have taken stay order against foreign funding. They used to blame Ayaz Sadiq and Khawaja Saad Rafique in the past and now they have taken the stay order to hide their discrepancies,” he added.
Referring to the Billion Tree Tsunami project, the PML-N leader asked about its progress to which the speaker said he would give him a visit.
“Nations are ruined when the love of power overcomes the basic instincts of humanity,” he noted, adding that the current government was raking in money from helpless people even in these tough times of the coronavirus.
“There will be 1.2 million patients of coronavirus by July, according to international surveys. The Imperial College London’s research study has given a date and projections that 80,000 people will die in a day due to the coronavirus
“[PM] Imran Khan kept negating the severity of the virus, termed it a flu in the past days when strict measures were required to contain the disease,” Asif said.

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