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imf inflation lahore pakistan pakistan budget price hike protest tax
PAKITSTAN BUDGET PROTEST
imf inflation lahore pakistan pakistan budget price hike protest tax Local News Lahore , Lahore
News ID : 95333 Video Version : 1 Script Version : 1
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Headline
Pakistan protests heavy taxes, soaring energy price.
Intro
About one hundred activists and supporters of Pakistan Markazi Muslim League, a party backed by Hafiz Saeed, take to streets in Lahore to condemn heavy taxes in fiscal budget and rising costs of energy bills.
Story
About one hundred activists and supporters of Pakistan Markazi Muslim League, a party backed by Hafiz Saeed, took to streets in Lahore to condemn heavy taxes imposed in fiscal budget 2024-25 and rising costs of energy bills on Friday (July 5).
People’s anger is rising at new taxation measures as Pakistan has set big revenue targets in its annual budget to help it win approval from the IMF for a loan to stave off another economic meltdown.
The protest comes a day after country’s major Islamic party Jamat-e-Islami staged a protest in the biggest city Karachi. It has threatened to stage a big and prolonged sit-in protest in the capital Islamabad from July 12.
Children also participated in Friday’s protest. The placards held by children read, “No to anti-people budget” and “Mom, don’t sell your jewelry, we don’t use fan”.
“No to government’s tax bullying”, banner on stage said.
“Our today’s protest is against rising costs of electrify, gas and bombardment of taxes under which common man has been crushed. People cannot bear it any more. Our rulers think they can run the country by borrowing loans. I think, people of Pakistan are no more ready to accept the luxury of our ruling elite mafia.” said general secretary of Pakistan Markazi Muslim League, Muzammil Qadri.
Pakistan has been increasing its power tariffs under an International Monetary Fund deal, part of moves to reduce unsustainable public debt in the power and gas sector.
Its power sector has been plagued by high rates of power, theft and distribution losses, resulting in accumulating debts across the production chain.
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