Islamabad
\nFormer President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Monday said the entire burden of the IMF\u2019s conditions is being put on the people, which will stoke poverty and further worsen their condition.
\nThe burden of these conditions should also be put on the privileged aristocracy which is getting annual benefits worth 17.4 billion dollars annually, he said.
\nShahid Rasheed Butt said that bribing nobility at the cost of the poor is the worst cruelty and daylight robbery.
\nIn addition, up to twenty billion dollars are wasted annually in government purchases of which a sizable amount can be saved.
\nHe said that if the privileges and corruption of elites are reduced and this huge amount of money is spent on the people, then the destiny of the country can be changed.
\nThe government always helps the rich instead of the poor but now the process of squeezing the people should be stopped and all IMF reservations should be removed.
\nThe IMF fears that its money will be used to pay off Chinese debt and is not satisfied with the explanations of the concerned officials.
\nHe criticized IMF for pressurizing Pakistan to raise revenue but it has never stressed putting some burden on the wealthy instead of the poor.
\nSimilarly, the lender has not expressed any seriousness about doling out massive subsidies to the rich while the poor merit the government\u2019s help.
\nPakistan is not being run like a country but like an orphanage; the country is going through a difficult situation, but the rich people are being rewarded in every possible way and taxes are not being collected from them.
\nAll the difficult decisions that have been made so far are targeting the poor. At present, flour is available from 130 rupees per kg to 150 rupees per kg, the price of chicken has increased from 700 rupees per kg and the price of milk has reached 200 rupees per liter and this process continues which is squeezing the poor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Monday said the entire burden of the IMF\u2019s conditions is being put on the people, which will stoke poverty and further worsen their condition. The burden of these conditions should also be put on the privileged aristocracy which is […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-315044","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n