#SawalYehHai #ImranKhan #PMShehbazSharif #FazalUrRehman #AsifZardari #MohammadMalick #MuneebFarooq #MariaMemon
(Current Affairs)
Host:
- Maria Memon
Guests:
- Muhammad Malik (Senior Analyst)
- Muneeb Farooq (Analyst)
- Mehtab Haider (Economist Analyst)
- Shahbaz Rana (Economist Analyst)
What did PTI and PMLN govt offer to Maulana Fazlur Rahman??? - Experts' Reaction
Will the Chief Justice get an extension? - Mohammad Malick and Muneeb Farooq Gives Big News
Talk Between PTI and PMLN - Mehmood Achakzai in Action - Experts' Reaction
Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY
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ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
(Current Affairs)
Host:
- Maria Memon
Guests:
- Muhammad Malik (Senior Analyst)
- Muneeb Farooq (Analyst)
- Mehtab Haider (Economist Analyst)
- Shahbaz Rana (Economist Analyst)
What did PTI and PMLN govt offer to Maulana Fazlur Rahman??? - Experts' Reaction
Will the Chief Justice get an extension? - Mohammad Malick and Muneeb Farooq Gives Big News
Talk Between PTI and PMLN - Mehmood Achakzai in Action - Experts' Reaction
Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY
Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP
ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
Category
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NewsTranscript
00:00Assalam-o-Alaikum, I am Mariami Manarki from Top Stories.
00:14Noor League is also divided on negotiations.
00:16We saw that Mr. Achak Zahid became active in this regard.
00:20The government has also contacted him.
00:22Negotiations seem to be going in some direction.
00:24We talked about this in the first semester of the program.
00:26After that, the clouds of the mini-budget began to come.
00:28The government could not collect taxes.
00:30So, it is obvious that whose pockets will be seen?
00:32Yours and ours.
00:33Because they have not yet been successful in imposing taxes on the merchants.
00:36Finally, national heroes need leadership.
00:39We praise them a lot when they win.
00:43But when they are going through the phase of struggle,
00:45how much attention do we pay to them?
00:47Today, we will introduce you to some national heroes
00:49who need more government leadership.
00:51Let's start.
00:52Who to negotiate with?
00:54PGI has explained.
00:55Today, Mr. Dawood Fasan gave an interesting interview to Voice of America.
00:58He said that the deadlock should not continue with the army.
01:03Did you hear that?
01:04I pray that this deadlock does not continue.
01:07As you know, our position has always been that we want to engage with them.
01:11Our doors are open to talk to them.
01:14In the interest of the state,
01:16the conversation between PGI and the establishment is extremely important.
01:21On the other hand, the government has contacted Mr. Mehmood Achak Zahid.
01:24Yesterday, he confirmed the contacts with the journalists.
01:28He said that Mr. Rana Sinaullah met with him in the parliament.
01:31He said that no problem can be solved without negotiations.
01:34If someone is ready to negotiate, it is a good thing.
01:37Prime Minister Shabaz Sharif met with Asad Qaisar, Umar Ayub and Barrister Ghor in the parliament.
01:41PGI answers Shabaz Sharif.
01:43Negotiations start at that time.
01:45Mr. Nawaz Sharif is also in favor of non-constitutional negotiations with all stakeholders.
01:50According to Noon League,
01:52Mr. Nawaz Sharif wants non-constitutional negotiations with the opposition.
01:56According to Noon League,
01:58a few Noon League leaders are not happy with the statements of Ahsan Iqbal and Khawaja Asif.
02:04According to Noon League leaders,
02:06we will have to move towards non-constitutional negotiations.
02:09According to Noon League leaders,
02:11there will be more problems with the negotiations.
02:15According to PGI, Ahsan Iqbal and Khawaja Asif are not interested in the negotiations.
02:21They disagree with Mr. Nawaz Sharif's policies.
02:24Imran Khan and his style of politics cannot negotiate with him
02:31until he apologizes to the nation and our national security agencies on 9th May.
02:37Do you want the negotiations to be with the PTA or not?
02:40Yes, I want the negotiations to be with the PTA.
02:45The government is very active politically at the moment.
02:48The government is meeting with Maulana Fazlur Rehman,
02:51the Prime Minister of Pakistan and the President of Pakistan.
02:55The government unity that Maulana has,
02:58he wants to get it for the important legislation.
03:01People's Party and PMLN are hopeful that the unity with Maulana is near.
03:07Maulana needs to be included in the government or not.
03:10If the coalition government doesn't move forward,
03:13the Muslim League, Noon League or People's Party will be harmed,
03:16but the country will be harmed.
03:18Who is the next president?
03:19The one we are meeting with these days.
03:20Maulana?
03:21Yes, a lot of things have moved forward.
03:23Maulana has asked for time to meet with him.
03:27Tariq Insaaf says that Maulana cannot go with the government.
03:31He will no longer be the same.
03:34I hope that Maulana will stay with us.
03:37Maulana was not treated well when he was in the government.
03:41He was cheated.
03:43People ignored him.
03:45But Maulana is a Syrian politician.
03:47A lot of things have moved forward.
03:49Even if Maulana goes with him,
03:51even then he has no truth and majority in the assembly.
03:57In the first part of the program,
03:59we have Mohammad Balik and Muneeb Farooq with us.
04:02We have seen that the government is contacting Mr. Achakzai.
04:08Tariq Insaaf has already given him a limited mandate.
04:13After Mr. Rana Sanaullah's contact,
04:15it has become clear that a period of negotiation may begin.
04:20Mr. Balik, let's start with you.
04:22If Mr. Rana Sanaullah has contacted Mr. Achakzai,
04:26then he must have contacted Nawaz Sharif.
04:30I don't see this thing going anywhere.
04:38There are two reasons.
04:40First, the government has no room to relax.
04:45What does the PTI want?
04:48They want Mr. Imran Khan to come out.
04:52This is the maximum for them.
04:55If the government and politics are going on,
04:58it is only because Imran Khan is inside.
05:01His party is better.
05:03There is a makeshift work going on.
05:06This is the minimum concession for the PTI.
05:09They can leave it for the next election.
05:12They can return our mandate.
05:13We all know that Imran Khan is outside.
05:16This is the maximum for them.
05:18They cannot give it.
05:19Mr. Achakzai is very good to talk to Mr. Mian.
05:24He is a good person.
05:25He is a good person to talk to Mr. Zardari.
05:28But when it comes to talking to the army,
05:31he is not acceptable at all.
05:33Neither is he acceptable to the army,
05:35nor is he acceptable to the army.
05:37But he is not at all.
05:38He has a long history with the institution.
05:42And if you look at his latest statements,
05:46he is very direct and very hard-hitting.
05:49In that regard, Imran Khan's statements are not mild.
05:53In fact, in some places, they are even more harsh.
05:55If you take out the direct charges of Imran Khan,
05:59that the army chief, DGI, and other people
06:02can assassinate me and my wife.
06:05Short of that, if you look at the rest of the things,
06:08he is perhaps two steps ahead of them.
06:10So I think this is playing to the galleries.
06:14The government wants to have an engagement.
06:17We want to have a conversation.
06:19And the second win-win for them is
06:22that when PTI is weakening its stance,
06:26or moving away from its stance,
06:28this is the political win for the government.
06:30And they have played another smart move.
06:33They have also said that
06:35if you are getting a lot of reaction,
06:37or there is a lot of reaction among your allies
06:40that you should talk to the government,
06:42then we can have a secret conversation.
06:45Now, a secret conversation is a big concession.
06:48So I think this dialogue will not reach anywhere.
06:51It is a proof.
06:52It has not even started yet.
06:54So even if it starts, it will not reach anywhere.
06:57And I don't see anything coming out for PTI in this.
07:00Okay. Muneeb, do you also see this as a proof?
07:03Rana Sadawalla contacted Achak Zahid.
07:06I am assuming that this must have been done on behalf of Nawaz Sharif.
07:10I don't know whether Shibaz Sharif and Nawaz Sharif are on the same page or not.
07:14But do you see this going anywhere?
07:19Thank you very much.
07:20Look, this is a non-starter.
07:22That is also because,
07:24and I think we all know this,
07:26that the government does not have the capacity to give the justice it needs.
07:33This is the first thing.
07:35Nor does the government intend to give it.
07:37The second thing is that the conversation that Rana Sadawalla had with Achak Zahid,
07:42I have also tried to find out a little bit about it.
07:47It is mostly a routine political dialogue,
07:50political dialogue or the things that are going on in the assembly.
07:54It is from those references.
07:56Rana Sadawalla has talked about political dialogue with Achak Zahid.
07:59When I asked Rana Sadawalla formally,
08:03he said that we do not have a relationship with him now.
08:06We have a very old relationship with him.
08:08And from 2014 to 2024, we have had a very close relationship.
08:12And we still have a very good relationship with Achak Zahid.
08:16But beyond that, there is nothing that Achak Zahid has negotiated with the TMLN for justice.
08:23And the second thing is that the meetings that took place with Balasaheb Gaur Khan
08:27and Umar Yusuf and the Speaker,
08:31you did not let the Afghan issue be debated.
08:34And plus, of course, Imran Khan and Imran Khan are being treated unjustly.
08:40Around that, that conversation took place.
08:42Neither can the government offer them anything, nor can they.
08:45And secondly, the signatories of this whole system,
08:50we can say that Zardari Sahib is also there, Mian Rashid Sahib is also there.
08:55But the guarantor of this whole system is the army, the establishment.
09:00That is obvious.
09:02Without their consent, no dialogue can go ahead.
09:06Nor can such a government ever concede or agree or commit that we have started giving justice.
09:14From a very minute thing to the maximum.
09:17Everything can be done by Rawalpindi or Islamabad.
09:22So then Imran Khan is right to say that there is nothing in front of him.
09:25You are saying that small things at the procedural level are happening to the parliamentary level.
09:30Malik Sahib, we are seeing Maulana Fazl-ur-Rehman Sahib.
09:32He is very lucky these days.
09:34The PTI is talking to him.
09:36But in the government, first the President of Pakistan, then the Prime Minister.
09:40They all have their eyes on the number game, probably to make the law.
09:45What can Maulana Sahib offer?
09:47The opposition, in hindsight, cannot offer anything.
09:50The government can offer a lot.
09:53Your answer is in your question, Maria.
09:56Who can offer?
09:58The government can.
09:59But you see one thing.
10:01Maulana Sahib has also controlled his damage.
10:03He has understood that he thought that we can only guesstimate.
10:09He saw that if I go with Imran Khan, I do opposition politics, anti-establishment statements.
10:15So I have a political dividend in it.
10:18My voter is made, my things are made.
10:20Now they have realized that things have gone too far.
10:24And if they want to go with Imran Khan, they will have to take a lot more direct damage.
10:30So far, he has only taken an electoral loss.
10:35Now, if you go beyond this, big files can also be opened.
10:38There can also be a lot of friction.
10:40And they do not see any relief on the horizon.
10:43And when we talk, I will say one more thing.
10:46Look, when you go to talks, you create an atmosphere.
10:50Is the government creating that atmosphere?
10:52You see the judicial reforms that are ready.
10:55In which, from the creation of numbers to the article 209 and the preparation of other constitutional amendments.
11:03If they complete the numbers game, for which Maulana Sahib is very important.
11:07He is also very critical in the National Assembly.
11:09So now the time has come for Maulana Sahib to take his pound of flesh.
11:14And I think that the way you are flirting openly.
11:17See, there is no harm in flirting openly with the government and the opposition.
11:22There is no political loss.
11:24But when you flirt openly with the government.
11:27And suddenly a very warm atmosphere is being created.
11:30So there is a loss of that.
11:32And Maulana Sahib is much more politically mature than me.
11:37He knows how to play a power game.
11:40And especially in the public view.
11:42Receiving the Prime Minister for him.
11:45Receiving Mr. Zardari for him.
11:48And now see that he calculates each and every optics.
11:51He didn't go.
11:52These people came to him.
11:54In the days of PTI, he went to their meeting.
11:58The alliance that was formed or Chakjik Sawalak.
12:00He has called them here.
12:02So when there are some conditions to come.
12:05Mr. Zardari will not go to have tea with Maulana Sahib like this.
12:08The Prime Minister will not go like this.
12:10So there are some hopes hanging in the air.
12:12And you see that the constitutional amendments that are being established.
12:16In the National Assembly.
12:18Who did that?
12:19Noor Alam Khan has done a lot.
12:21People are saying that it is very mild.
12:24It is not about mild.
12:26The point is that the constitutional amendment.
12:28Coming means that you need the government's vote.
12:31Constitutional amendment.
12:32And the whole judiciary is focused.
12:34This is also a messaging.
12:36That we will support the government in reforming the judiciary in the larger national interest.
12:41We will not come like that.
12:43So this game is going on.
12:45And then their removal.
12:47That we will come separately in the protests.
12:50Yes, we will not go.
12:51The first step was to separate the ways from justice.
12:54Solo flight.
12:55Then you keep all the options open for everyone.
12:57Muneeb, the legislation that the government has started to bring.
13:00Maulana Sahib's vote is in it.
13:01Everyone knows that.
13:02Do you think that this legislation will bring the government comfortably?
13:06Maulana Sahib will more or less convince the government.
13:09There are two senate seats.
13:10There is a governorship.
13:11There will be some more postings transfers in KP.
13:14This is the package, right?
13:16Look, one thing you said at the beginning of the first question.
13:21As Imran Khan says, nothing happens.
13:24Look, the government that comes under the auspices of the establishment.
13:30Normally nothing happens.
13:31And in our country, nothing happens under the auspices of such political governments.
13:34Like Imran Khan's government, there was nothing under his auspices.
13:37So the same situation is today.
13:38But what is Maulana Sahib's point?
13:40Look, Maulana Sahib's importance is absolute.
13:42He is a great personality.
13:44He will definitely be done with him.
13:46But be mindful of the fact that the 41 members.
13:51Whose status is of independence in the eyes of the Election Commission.
13:56They are a very low hanging fruit for the government.
13:58Work is already being done on them.
14:00And I don't know how many of them can stay in it.
14:03How many will stand in their place.
14:05How many will be under the pressure of the government.
14:08Or when I say government, then you understand.
14:10That they will not come under state pressure.
14:12That depends.
14:14Obviously, only time can tell.
14:16But if some of them have taken bai'at somewhere else.
14:22Then you know, anything can happen.
14:24Then the government will say, okay.
14:26Which floor crossing have we made?
14:2863A is not allowed here.
14:30So this is what the Election Commission explained.
14:35The Supreme Court's decision.
14:37They said that the SCI's request was over.
14:41It was rejected.
14:42It was not even a parliamentary party.
14:44So even the Supreme Court did not say anything about these 41 members.
14:47They were given time to give their party affiliation certificates.
14:50They gave it.
14:51The Election Commission said that now the legislation has been done.
14:53First they said, who will verify?
14:55This party is not functional.
14:57They said that the legislation has been done.
14:59You can revisit it.
15:00The main judgment has not yet come.
15:02Apparently, it is being authored.
15:03So where does this all go?
15:05So naturally, this will remain in it.
15:08And I think, as we speak, work is being done on it.
15:10But the speed at which the work has to be done.
15:13Maybe there are some obstacles in that.
15:15Otherwise, the meeting had to be postponed.
15:17There are a lot of obstacles.
15:19It seems that there is a push to complete the number.
15:23Today, a statement from the Speaker is on the front page of Daily Junk.
15:30That all parties will be trusted regarding the extension of the Chief Justice.
15:36And this week decide whether to give it or not.
15:39That means it is not off the table as yet.
15:41That means it is still in the field.
15:44And one thing is there.
15:47So apparently, it has a lot of value now.
15:51Whether the government is able to do it or not, that needs to be seen.
15:55The statement from the Speaker is on the front page.
15:57Mr. Malik, do you agree that it is still on the table?
16:00It is very much so.
16:02You see, when this question was asked to Azam Nazeer Tariq, what did he say?
16:06He said, look, the next Chief Justice is Mansoor Ali Shahzadi.
16:10And whenever Faiz Issa Sahib will retire, he will become the Chief Justice.
16:16So what is the confusion in that?
16:17This is the confusion.
16:19If you know that he is the next Chief Justice and you don't want to give the extension,
16:22then remove the notification.
16:23They don't remove it.
16:24They say that when he will retire,
16:26and if they get a three-year tenure,
16:28then Mansoor Ali Shahzadi will be the next Chief Justice.
16:32So they never categorically say that.
16:34In my show, I asked Mr. Rana Sanalo,
16:37that if this is still going on, then what is the problem?
16:39He said, today there is no intention, but it can be done next week.
16:43This is also politics.
16:46The number of judges to be increased is a simple act of Parliament.
16:51There is no law in it.
16:53They will do it.
16:55So you are doing an expanded Supreme Court.
16:58Why are they doing it?
16:59So that whatever decisions will go to the full court bench tomorrow,
17:02then the total balance of power is changing.
17:06Now we clearly know the divisions of Faiz Issa Sahib.
17:09We know that Faiz Sahib is in the minority right now.
17:13Because we can guess from the judgment.
17:15Now if this is added,
17:17it becomes 23.
17:18Ad-hoc is also there.
17:19Tomorrow when the full court sits, then everyone will be sitting.
17:21So numbers definitely favor the government.
17:24So these are the things that are going on side by side.
17:27And I think that the strictness on Imran Khan,
17:30his wife was also saying, Reema Khan Sahiba,
17:32that look, it has become very strict.
17:34And journalists are also being punished in jail.
17:36You will not go, you can go.
17:38I think the messaging is going very strong,
17:40especially for these independent members.
17:43Think twice.
17:45Now we are discussing the whole thing.
17:48So Khan Sahib is already inside.
17:50You are going out now.
17:51You think what will happen to you.
17:52You make your decisions.
17:53But during this time, Nawaz Sharif Sahib is going out of the country.
17:55Javed Latif Sahib, who is understood from his camp,
17:58he said that he will go, then he will come back after seeing the situation.
18:01What does it mean to come back after seeing the situation?
18:04What is the problem?
18:06There is a government in Punjab, Bifarq.
18:08What is the problem?
18:10What is the problem?
18:12Will he come back after seeing the situation?
18:14This thing, Malik Sahib,
18:16No, no, do it, do it.
18:18You answer, then I will ask Malik Sahib.
18:22Look, this thing, like Malik Sahib,
18:25I always say that he calls himself an old school journalist,
18:29but he is not.
18:30He is very cool for us, very relevant.
18:32He very much belongs to this age.
18:35And he knows that when there is no news,
18:38he sometimes gives a byline.
18:40I think Javed Latif Sahib also gives a byline when there is no news.
18:44Keep going, keep going, keep discussing.
18:46Keep going, you can ponder over it, what is happening, what is not happening.
18:49Nothing, if Nia Sahib goes,
18:51he will go at his own will,
18:53he will come back at his own will.
18:55Be mindful of the fact that I said a while ago
18:58that what was said about Nia Nawaz Sharif Sahib,
19:00that it is completely over,
19:02it was a big deception.
19:04Nia Nawaz Sharif is a signatory to all of this.
19:07He is very much relevant,
19:09whatever is happening,
19:10wherever there is a scheme of things,
19:13he is completely aware of everything.
19:15So, he will go,
19:16when he feels like it, he will come back.
19:19Concluding note, Malik, do you agree with Muneeb?
19:22Look, they, their anger is in its place.
19:26It has happened with them,
19:28they became the new Prime Minister,
19:30then literally provincialized,
19:32cut down to size,
19:34but they know that they have a daughter,
19:36a Chief Minister, a brother, a Prime Minister.
19:39But, even then,
19:41they know that if anyone can counter Imran Khan,
19:44then these people cannot.
19:46They are ready to pay any price,
19:48once Imran Khan is shut down,
19:51after that his supporters can come back to life,
19:54everything can happen,
19:55give respect to the vote,
19:56all the supporters,
19:57will remain on the shelf,
19:59but according to them,
20:01Imran Khan cannot have a ceiling impact.
20:04So, Maula Jatt and Noori Nath are a pair,
20:07Maula Jatt is Noori Nath,
20:08Noori Nath is Maula Jatt.
20:09Till when will they tolerate everything?
20:11Okay, thank you very much,
20:12Mr. Mahmood Malik,
20:13Mr. Muneeb Farooq,
20:14were already present in the program,
20:15after that we will go on a break,
20:16we will come back.
20:17In the next session of IMF,
20:19Pakistan is still not on the agenda.
20:21Along with that,
20:22if you want to fulfill the goals of income tax,
20:24it seems that the government will have to impose new taxes.
20:26On whom will this fall?
20:28We will talk about this in the next session of the program.
20:29Stay with us.
20:34Welcome back.
20:35Among all the political turmoil,
20:37the core problem,
20:38which is facing not only the government,
20:41but also the people,
20:43is economic stability.
20:45Right now, we have seen that the government,
20:47which sets the goal of tax for itself,
20:49is still failing to fulfill it.
20:52Mr. Shahbaz Rana gave a news in Express Tribune today,
20:55if we take some information from his news,
20:57then I will tell you.
20:58According to the news,
20:59despite imposing a heavy tax of Rs. 1.8 billion,
21:03the government has failed to achieve the goal of tax
21:05during the first two months of the financial year.
21:08In July and August,
21:09the FBI was supposed to receive a tax of Rs. 1554 billion,
21:13but the tax revenues have been less than Rs. 111 billion compared to the goal.
21:17The failure to achieve the tax goal,
21:19has put questions on the IMF's 7 billion loan deal.
21:22On the other hand,
21:23the government has increased the chances of getting a mini-budget.
21:28According to the government,
21:29the annual goal of tax revenues in the budget was Rs. 13,000 billion,
21:34which is under threat of getting a mini-budget.
21:37The mini-budget will impose more taxes on fertilizers, imports,
21:39professionals' income and contractors.
21:43The government says that
21:44the IMF has imposed strict conditions to achieve the goal of tax revenues
21:47to launch its new loan program.
21:50According to the agreement between the IMF and the government,
21:53if the government of Pakistan fails to achieve the goal of tax,
21:57additional measures will be taken.
21:59During this week, we saw that
22:01the traders are also protesting.
22:03The tax government is trying to impose on them.
22:05The traders are trying to bring two schemes.
22:07They outrightly reject it.
22:09In fact, the traders have succeeded in reversing some of the benefits.
22:14Obviously, if you have the power to shut down,
22:17if you have the power to shut down the market,
22:20if you have the street power,
22:21then you can do this.
22:23But the other classes of Pakistan,
22:25the pensioners, for example,
22:26they cannot do this.
22:27They do not have this luxury.
22:28Now, the situation is that
22:29on the other hand,
22:30the agenda of the IMF meeting on 4 September
22:34has not been included in it.
22:36Pakistan is waiting for the final approval of the loan program of 7 billion dollars from the IMF.
22:40But the executive board of the IMF has launched its schedule for 4 September,
22:44in which Pakistan's name is not mentioned.
22:46The government of China, Saudi Arabia and the United Arab Emirates
22:49have also agreed to transfer 12 billion dollars of the loan.
22:52Pakistan has also requested for another 1.2 billion dollars loan from Saudi Arabia.
22:56The purpose of which is to fill the financing gap of 2 billion dollars.
23:00In the case of 5 billion dollar cash deposits,
23:03the responsibility of Pakistan is already on the Saudi loan.
23:05Pakistan has 4 billion dollars of China,
23:07and 3 billion dollars of UAE in cash deposits.
23:10On the 28th of August,
23:11even before this,
23:12I saw that Pakistan's name was not mentioned.
23:14In the context of the program, we have with us Mr. Shahbaz Rana,
23:17senior journalist,
23:18Mr. Mehtab Haider,
23:19senior journalist,
23:20who keeps an eye on economic matters.
23:21Mr. Shahbaz, let's start with you.
23:23Two times Pakistan's name was not mentioned on the agenda.
23:25What is the reason for this?
23:26Was it related to taxes?
23:28What is the reason for this?
23:30In the name of God,
23:32the latest calendar of 9 September has been issued by the IMF,
23:36and Pakistan is not included on the agenda until 9 September.
23:40There are two major reasons for this.
23:42First of all,
23:44the rollover of 12 billion dollar cash deposits,
23:47we have not been able to get it yet,
23:49except for the UAE,
23:51which has probably rolled over 1 billion dollars.
23:53Apart from this,
23:54there is a 4 billion dollar Chinese commercial loan,
23:56which has not been scheduled yet,
23:58or has not been extended.
24:00Apart from these two things,
24:02the third thing,
24:03which is more worrying for the government,
24:05is that a new loan of 2 billion dollars is required,
24:08in which the government of Pakistan is trying
24:10to get the oil financing facility from Saudi Arabia.
24:17Apart from this,
24:18a commercial loan of 600 to 800 million dollars
24:21should be obtained from the UAE.
24:23So, these fronts have not been successful yet.
24:26This is the reason why you can see that
24:28Pakistan is not included on the agenda until 9 September.
24:30Along with this,
24:31there is a shortfall of the FBI,
24:33which you were mentioning at 111.
24:36This was until Friday evening.
24:38Now, the final number has come.
24:40Their monthly shortfall is still up to 102 billion rupees.
24:44Despite this,
24:45in the last 2-3 days,
24:47the FBI has taken undue tax advances.
24:50Even then,
24:51they have shortfalled around 100 billion rupees.
24:54And if they want to reach their goal of 2652 billion rupees,
25:01then they still have to collect around 1200 billion rupees.
25:05This month of September has started.
25:07So that they can be saved from the mini-budget,
25:09which has not happened yet.
25:11So, the situation here is that
25:13if the IMF takes the case of Pakistan's board in September,
25:20then it will be a matter of financing
25:22which we have to roll over the loans.
25:24And if, God forbid,
25:25this matter goes in October,
25:27then the numbers of September will be seen by the IMF,
25:30the FBI,
25:31and then the mini-budget will also be discussed.
25:33And then it is possible that it will go to the board.
25:35So, the situation has become very complicated.
25:37And overall,
25:38the subsidy given by the Punjab government,
25:41the message given to the IMF is that
25:43this nation is not serious.
25:45Although, we know that people need that subsidy.
25:49Because it is not the fault of the people
25:51that they are accused of theft and illiteracy
25:53in the form of power tariffs.
25:54But, the message from that subsidy is that
25:56the budget has just been passed,
25:58the staff level agreement has just been made,
26:00they have given a subsidy of 50 billion rupees.
26:02The Punjab government has given a subsidy of 50 to 60 billion rupees.
26:05So, if they continue to do this,
26:07then the situation will become more complicated.
26:09Mr. Mehtab, the government is trying.
26:11They are talking about the Chinese rollover.
26:13They are talking about the UAE rollover.
26:14What is the possibility of this?
26:16And as a representative,
26:18we see that the delegation is going,
26:20they are also contacting,
26:21they are trying.
26:23Is there no life in the efforts?
26:26Or are we operating in the midst of politics,
26:29the global politics?
26:31How many possibilities are there that
26:33these rollovers can happen?
26:35Yes, in the name of Allah, the Most Gracious, the Most Merciful.
26:37Look, basically, at this time,
26:39Pakistan's economic policy making
26:43is stuck between two big countries.
26:47On one side is Uncle Sam,
26:49and on the other side are the Chinese.
26:51They have their own global politics.
26:53And in that, on one side,
26:55we also say that
26:57we will also do the IMF program.
26:59And on the other side,
27:01we are also talking about CPEC-2.
27:03So, confusing signals are also coming from our side.
27:05And the basic thing is that
27:07this rollover,
27:09in my opinion, should happen.
27:11It has not been confirmed yet.
27:13But I want to tell you a little bit
27:15about its process.
27:17Look, the process is that
27:19when this external financing and rollover
27:21will be confirmed,
27:2312 billion total,
27:25our requirement is $26.2 billion
27:27for debt repayment
27:29and the current account deficit.
27:31Out of that, 12 billion is rollover,
27:334 billion is commercial financing,
27:35and $10 billion
27:37we have to complete with multilateral and bilateral.
27:39Now, IMF is saying
27:41that we have another financing
27:43of $2 billion.
27:45In that, we directly
27:47from Saudi Arabia,
27:49either we do the Saudi oil facility,
27:51or deposit,
27:53or there is an ITFC
27:55of Saudi Arabia.
27:57Through that, we want
27:59$1.2 billion to come from there
28:01and $600 to $800 million
28:03for commercial financing.
28:05Look, at this time,
28:07if there is no rollover,
28:09then we do not have money
28:11to return them.
28:13So, rollover may happen.
28:15The issue of timing, of course, is there.
28:17Because we want that in September,
28:19all this rollover should be completed
28:21before that,
28:23the financing of $2 billion should also come.
28:25Why?
28:27The reason is that we have to sign an LOI.
28:29It means a letter of intent.
28:31We will sign a letter of intent
28:33with the Minister of Finance
28:35and the State Bank of Pakistan.
28:37After that, we will need at least 2 weeks
28:39to circulate it to the board members.
28:41So, if by 10th September,
28:43Pakistan's LOI
28:45is not signed,
28:47it means that
28:49in September,
28:51the Pakistan case
28:53will not go to the board.
28:55Maximum by 15th September.
28:57As a result,
28:59a Pandora Box will open
29:01which will be on the fiscal front,
29:03which Mr. Shahbaz Rana is talking about.
29:05But,
29:07not only this will happen,
29:09the government is also making another plan.
29:11The plan is that
29:13it wants to cut its PSDP
29:15and annual development plan.
29:17So, IMF will also raise the question
29:19Why did you say that
29:21we want to raise the development budget?
29:23You raised it to Rs. 1400
29:25and then increased it to Rs. 1100.
29:27Now, you are talking about Rs. 750
29:29which is the federal PSDP.
29:31Similarly, you want to cut
29:33the provinces' development budget.
29:35So, you said that
29:37we are raising the development budget
29:39to kick-start the economy
29:41and achieve a growth of 3.5%.
29:43If they cut the development budget,
29:45the macroeconomic numbers will decrease.
29:47How will they satisfy the IMF?
29:49They talked about a subsidy.
29:51I am saying that
29:53even if the macroeconomic numbers decrease
29:55and this issue goes on till October,
29:57then this issue will go to the mini-budget
29:59and
30:01there will be a discussion
30:03on the overall expenditures.
30:05You are talking about the mini-budget.
30:07Mr. Shahbaz, in your news,
30:09you said something amazing
30:11which caught my attention.
30:13To recover the tax,
30:15professionals and contractors
30:17will be taxed more.
30:19The government is not
30:21budging as much as
30:23it used to on a previous tweet.
30:25We have seen that they are
30:27showing their spine.
30:29Will they be able to
30:31impose tax on the merchants?
30:33Or will they have to backtrack
30:35and partial tax will be imposed?
30:37I feel that
30:39this issue is up to partial taxation.
30:41Till now,
30:43according to their plan,
30:45they have promised the IMF
30:47that they will collect
30:4950 billion rupees from the merchants.
30:51I am proud to say
30:53that our merchants do not
30:55pay tax.
30:5762 or 64 merchants
30:59have paid 5 lakh rupees in the first two months.
31:01One should clap for them.
31:03It is not that they do not pay tax.
31:05You can imagine that
31:07if they pay 5 lakhs in two months,
31:09how much tax will they pay you
31:11and how much additional tax will they pay you?
31:13The government has
31:15budged a little.
31:17It is not that they have not budged.
31:19On the day of the merchants' strike,
31:21they issued a document
31:23in the name of
31:25a tax declaration.
31:27The FBI also issued a notification
31:29for you and the business community
31:31and for the people
31:33who want to work honestly
31:35and pay tax.
31:37It is a 28-page declaration
31:39and you have to tell
31:41the value of the furniture
31:43and how many coins
31:45and notes you have.
31:47How much balance
31:49do you have in your banks?
31:51The merchants did not ask for
31:53a bank account.
31:55They were only asked
31:57to tell the total value
31:59of their movable and immovable assets.
32:01They have budged.
32:03The problem with the merchants
32:05is that they do not want to tell
32:07the tax rate.
32:09The tax rate is fixed
32:11from Rs 100 per month
32:13to Rs 60,000 per month.
32:15The government can do something
32:17about it.
32:19There will be a meeting
32:21in the FBI tomorrow
32:23regarding this issue.
32:25The government is going to budge.
32:27You know that the government
32:29is very weak politically.
32:31The government cannot afford
32:33all these things.
32:35In the medieval era,
32:37when there were attacks
32:39and they went to occupy
32:41a city,
32:43Islamabad became a fort.
32:45There are tankers everywhere
32:47and containers everywhere.
32:49They do not understand
32:51that this is Islamabad
32:53and we are in a 16th century city.
32:55You are also saying that
32:57the government is budging.
32:59If the government is budging,
33:01then how will the gap
33:03between the two countries
33:05be filled?
33:07Before answering your question,
33:09I would like to tell you
33:11about the latest announcement
33:13by the FBI.
33:15They said that there is a shortfall
33:17of Rs 102 billion.
33:19I would like to tell you
33:21about the interesting thing
33:23they have said.
33:25They say that our revenue
33:27is big,
33:29but they say that
33:31last year,
33:33during this period,
33:35inflation was 28%.
33:37Now inflation has increased
33:39to 11%.
33:41They have tried to blame
33:43that our tax is decreasing
33:45due to the decrease in inflation.
33:47Secondly, they say that
33:49we have given more refunds
33:51and our target has decreased.
33:53We are in the IMF program.
33:55This government will budge
33:57politically.
33:59However,
34:01if you try to
34:03tinker with this scheme,
34:05then the IMF program
34:07will be in danger.
34:09One thing
34:11they can talk about
34:13and the government
34:15or the FBI will announce
34:17a mechanism in a few days.
34:19The mechanism will be
34:21that there are 84 markets
34:23in Pakistan.
34:25The FBI has announced
34:27that there are 84 markets
34:29in Pakistan.
34:31The maximum rate of these markets
34:33is Rs 60,000.
34:35They say that
34:37if someone's turnover
34:39is less or
34:41Rs 60,000 is more for him,
34:43then there is a mechanism
34:45that if he pays less tax
34:47and his turnover is less,
34:49his rate can be kept low.
34:51Apart from this,
34:53if they try to make changes
34:55that are endorsed by the IMF,
34:57then the IMF program
34:59can be in danger.
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