Tue, 21-Oct-2025

SHC moved against increase of fuel prices

SHC stops
  • Moulvi Iqbal Haider filed petition in the court.
  • He stated that Govt illegally presented the mini-budget.
  • Centre had presented the mini-budget on the  directives of IMF.

KARACHI: A petition has been filed in the Sindh High Court (SHC) against the increase of fuel prices as well as the mini-budget presented in the National Assembly.

Moulvi Iqbal Haider claimed in the petition that the federal government had illegally presented the mini-budget in the NA on February 15, increasing the general sales tax from 17 per cent to 18 per cent, besides imposing further tax on luxury items and increasing the prices of petroleum products.

He also claimed that presenting the mini-budget at the end of the financial year was not only a deviation from the constitution but also in violation of the law because Pakistan’s residents would directly or indirectly be affected from the unlawful act.

He said the Centre had presented the mini-budget on the instructions of the International Monetary Fund for implementing its policies, adding that it showed that the federal government had failed to run the state’s affairs in accordance with the provisions of the country’s constitution.

He also said the Centre was competent to impose a financial emergency in terms of the constitution’s Article 235, under which the state could be secured from any default. But the federal government is not willing to sacrifice their expenses and lavish lifestyle, he added.

Haider said policies must be formulated with the intention to strengthen the state and its citizens, adding that policies should always be formulated for the betterment and welfare of the citizens who are facing extra burden.

He said that it is the government’s duty to provide all the necessities to the citizens, but the present government has completely failed to control their expenditures and expenses.

He requested that the court declare the mini-budget as well as the increase in the prices of petroleum products a gross violation of articles 5, 8, 9, 18, 70, 77 and 80, read with Article 25, of the constitution.

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Pakistan heading in right direction and will not default: Ishaq Dar

ECP Ishaq Dar disqualification
  • Finance Minister Ishaq Dar said that Pakistan has a beautiful future.
  • He said the government heard every day that Pakistan will default.
  • The smuggling to neighbouring country main reasons behind poor economy.

ISLAMABAD: Federal Finance Minister Ishaq Dar said Pakistan is heading in the right direction and will not default.

While assuring investors at the Pakistan Stock Exchange (PSX), Finance Minister Ishaq Dar said that Pakistan has a beautiful future and a resilient economy and there is no chance of default. He said the government heard every day that Pakistan will default but there is no chance.

“Pakistan is in a tight [fiscal] position and we do not have $24 billion in reserves which the PML-N government left in 2016 and it’s not my fault. The fault is in the system and we must ensure Pakistan goes forward,” said the finance minister.

Finance Minister urged political parties to show some serious attitude and stop playing with the country’s economy for petty political gains. He further said that the Securities and Exchange Commission of Pakistan (SECP) is of great significance in improving the country’s economy and the government was focusing to improve its functioning.

“We have not banned imports but prioritized import items under different categories so the essential items can be imported on a priority basis,” Ishaq Dar said, adding that essential items including medicine and edible oil have been put in category one, energy imports in category two, imports for the export-oriented industry in category three while imports for the agricultural industry in category four.

He said nations and politicians should learn from the mistakes of the past and work together for the development of the country.

The Finance minister said the smuggling of the greenback to a neighbouring country, import of wheat, and its partial subsidization and smuggling of wheat and fertilizers are the three main reasons behind the deteriorating economy.

 

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Budget 2022-23: Big tax and duty cuts to boost the film industry

Budget

The government has announced the establishment of a Film Finance Fund. National Film Institute and Post-Film Production Facility. Saima Ali Khan, a stage actress, said that the government’s offer of medical. The government has announced the establishment of a Film Finance Fund with an annual budget of one billion rupees, as well as the launch … Read more

Shaukat Tareen: Inflation rises due to IMF program

Shaukat Tareen

Federal Finance Minister Shaukat Tareen has said that the rise in inflation due to the International Monetary Fund (IMF) program will provide direct subsidies on food items to the poor. Shaukat Tareen said that there was a 50 percent difference in the global prices of ghee which we kept at 30 percent. The prices of … Read more