In developing economies, governments often face challenges in collecting direct taxes due to low tax-to-GDP ratios and widespread tax evasion, leading them to rely on indirect taxes like petroleum levies to meet revenue targets. When IMF programs require specific tax collection targets, governments may increase petroleum levies beyond initial restrictions to compensate for uncollected direct taxes, which disproportionately affects lower-income citizens who spend a larger percentage of their income on fuel. This creates a situation where the poor bear the burden of government revenue needs while wealthier individuals and businesses often evade taxes through various means.
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Levy on Petrol Price | Do We Actually Pay Taxes? | Breaking Views With Asadullah | Irshad BhattiAdded:
In the program you are called a sycophant.
I am Asadullah Khan. The latest news is that the economy policy has been extended till June 13.
How much money has been collected so far through this austerity drive? How much has been saved? We do not have the details of this yet. But anyway, this question is important in its own place that the austerity campaign which was launched, about which it is repeatedly said that the people have recommended us.
We have also cut our pockets.
How much cut has been made? Let us try to get some details about it. Secondly, some of the habitual cases that have come to us are related to petroleum levy. At this time you know that a levy of ₹117 per liter of petrol is being collected. The IMF had imposed this restriction, had put a condition that you have to collect ₹80 levy from petrol. Now a levy of ₹117 is being collected from petrol instead of ₹80. The government's argument is that we are not charging ₹80 on diesel. They are taking less from diesel and more from petrol.
Because we have to collect a total of ₹160.
But other calculations tell us that the government has collected more money from petrol than it should have collected through levy or tax.
That means ₹130 billion has been collected in 10 months by imposing levy on petrol at petroleum masanat. If we add what we expect in May and June, it will become ₹160 billion. This means that the government has to collect ₹1560 billion from the public in this financial year by imposing tax on petroleum products.
So far 1330 of them have been completed.
Whereas if you look at the actual figure that was kept in the budget in the previous budget, it was ₹1460 billion. This means that the government is collecting Rs 100 billion extra from the public. The government has collected or is going to collect Rs 100 billion more from the people than the target set by the IMF. That means you can also say that the Hadaf of 11 months has been collected in 10 months. So on one hand people are shouting that petrol is very expensive.
Inflation has increased. But why is the government collecting more than its limit? Is it because petrol tax was not collected from other places where it is supposed to be collected, to compensate for it, many questions are being raised here regarding this restored petroleum levy, which we will raise in today's program. A statement has been given by Avais Lakhari Sahab and the truth is that I did not understand this.
I will ask my guests, maybe they have understood. He said that we have buried IPPs for the future.
How have you done it? I did not understand this. Firstly, he said that we are going to make electricity so cheap that people will store electricity in batteries and use it at night. How will they do this? What will happen to the issues with IPB? This solar policy that you have brought and this claim, both seem obvious in Mujad. So how is Avais Lari Sahib making this claim? Let's talk about this as well as a few things related to political meetings because efforts are being made again to get Wazir to meet the opposition leader.
We will discuss all these matters.
Irshad Bhatti Sahib is present with me in the program. He is a senior Tajkar. Thank you very much Bhati Sahib, Khushamdid. Senator Dr. Humayun Mohammad Sahib is present with us. You are the leader of Pakistan Tehreek Insaaf. Doctor sir, I congratulate you too. Huzafa Rahman is joining us. I am especially close to the Prime Minister.
Huzafa Rahman Sahib, I congratulate you too.
Thank you very much. First of all, a statement of Huzama Sahib has been doing the rounds for the last two days in which he is saying that if the people do not pay taxes then the government will have to collect taxes from petroleum products.
Asin Iqbal Sahib should also talk on the same lines, please listen to this also, it seems that when we do not pay taxes then the government does not have any other way to collect taxes either through electricity bills or through petrol. Our tax to GDP ratio is among the lowest in the world.
We do business worth crores of rupees but do not pay even ₹100 tax.
Well, Huzaifar Rahman Sahib, first of all please explain where these people are not paying taxes? Or rather, it seems that we are paying tax on everything from matchboxes to soap bars. We are paying tax on even the smallest things. There is a plethora of indirect taxes. There is so much tax on petrol.
Then there are also those people who are paying the highest taxes in the salad class.
Salad Glass You are also charging them tax on petrol. Then the class which is Mustasana is petroleum, they earn from taxes i.e. ₹00 for example. Does not come in slabs. You are also charging them an extra ₹117 tax on petrol.
So what is this justification that you are stating? Please explain this to me.
Yaad Saheb, I am grateful to you that you have given me the opportunity to explain this. Firstly, I believe that the statement that is going on is an example of professional dishonesty. A 3 minute 27 second clip is available. I said in that that firstly there has been an increase in the prices of petroleum products. I am not in a position to eliminate it.
Correct.
Because if I defend it, I can explain any compulsion I want. The poor man will think that my salt is being rubbed into his wounds. You are not healing my wounds.
Correct.
And after that I said that because I am a common man. I am aware that when the prices have increased from Rs 250 to Rs 4141, the public anger is at such a peak that the public is not ready to listen to any justification from you.
This is a clip of mine. After that Jhagda Sahib made so many allegations against us.
He asked me the question again. Then I told them. I said that actually there are two arguments which are given by the Petroleum Ministry and the Finance Ministry. Firstly, he says that in the journey from 256 to 414, only Levi is not present. This also includes the fluctuations in prices in the internal market. But because of this last levy, the difference of ₹200 or ₹214, it seems as if the government has probably put the entire amount into the levy. Okay, so I said basically we are stuck in an IMF program and we can neither move ahead nor behind it. Tehreeksaf had tried to move ahead or behind it, whatever the reason was, IMF got angry and went away, now IMF is sitting here with its thumb on our neck saying brother, you should collect the entire tax from us and return our loan, so I said the seller class, I said like this, I said Mona, I am giving the example of you and Asadullah sahab, from our salaries, whatever salary we are taking, whatever is on top of it, we get our salary after the tax is deducted. I said but there is a large section of people who pay taxes in the name of tax management. The FBR says you are evading taxes. You are paying tax. But that guy says no, I am doing tax management.
But at the end now the government has to return that money to the income.
So, under the pressure of IMF, the tax collection target will now be achieved through levy.
And I am apologetic about this too. That means I am not saying that the poor are not paying taxes. We will collect the levy through bullying.
Presenting us as senseless or oppressive rulers, for God's sake, Gyan Sahib, let me explain it completely, you told me what it was, your explanation is not during the program, that is why I listened to it uninterrupted, Huzaifa Sahib, that is why I listened to it uninterrupted so that the explanation becomes clear.
You explained your point very clearly as to what its context was. But my question is that you are saying that there is a compulsion that if the tax collection cannot be met, the target of Rs 13.9 trillion will not be met, then we are taking it from petrol.
My question to you is that if a person who is from the salad class is taking the entire tax, then you do not have any complaint against him, right?
Why are you taking ₹17 from that man? Then that justification does not apply to this.
Then there is the person who does not fall in the tax slab.
This does not apply to him either.
Why are you taking it? Then you should take this from the one who is not paying taxes. You can't do this. The government is either incompetent or looking for an easy way out and collecting someone else's taxes from someone else.
Yes, no, no, Khan Sahib, what you said is that you hit the nail on the head, you have said a very genuine thing and there is no section in it that even if you have paid tax, tax is being taken from you on the levy price also. The thing is that the issue concerns all the third world countries. India has a bigger economy than us in that. Even there, if the tax targets are not achieved, then tax collection is done indirectly. And this is the Yama of Bihar which with the passage of time earlier used to be the Central Board of Revenue.
In 1996 or so it became the Federal Board of Revenue. These things are correct.
And I am not giving any justification that if you do not achieve the tax target then at the 11th hour you are collecting that through levy.
Management is such that you should have observed three, four, five months ago that our tax target could be so low. So that little by little that burden could be divided into different parts.
All your things are justified.
I am not doing this any other time. But the thing is that at the end of the last day, this state of your life has come into existence.
It is right that PM sir should get an inquiry done. Chairman FBR should be asked, brother, what was your plan behind this? You did not force things.
But what I am telling you again and again is that we are caught in the clutches of a third force. That is why all the arrangements for return of IMF money are there in its agreement.
You invested ₹17. Okay, Doctor Sahib, now you have heard the compulsions of the government.
He says he is helpless and he is saying that I am not doing any of this.
But still they are taking tax, although they are not abolishing it but they are still taking it.
So what is happening to people? Look, remember one thing that whatever they are calling compulsion, they are actually using the wrong word.
They should have told him that it is our incompetence that we are not able to do this.
Basically these people are not adding salt to the wound.
This is causing new wounds. Then sprinkle salt later. Now it will be the turn of salt. Right now they are just causing injuries.
Well, he said that from the point of view of levy, let me give you a little historical comparison. At this time when these people say that we do it with petrol, then we definitely do it.
When Pakistan Tehreek-e- Faf came into power, in the first year budget of 2019-20, we had collected 7.4% of the total revenue through tax levy, which was 294 billion. After that we tried to do it.
Then our last year was 21-22.
We reduced that percentage and collected only 128 billion which is 2% of the total revenue and our target for this was 5830 billion or our target was 5830 billion, we later increased it to 6100, we reduced it from what it was in the beginning, we achieved that target in March.
We and the extra Rs 300 billion that we had made, we transferred it to the poor, the Rs 10 that we had made in March, why were you angry with me then?
Look, if he was angry then we would have worked in February at the end of March. Bloomberg would never have given us a B+ at the end of March or the middle of March. The IMF and the World Bank would never have told us that this is a self-sustaining economy and this was the reason why it was going away. Well, after that Imran Khan had said that when you bring useless people in a car, when you are taking the car to a good position and after that make a person sit in it who does not know how to drive.
What will he do?
Sometimes he will hit here and sometimes he will hit there. These people have done this work.
Now let me tell you what has happened in these three years? After these people came after us, in the next year or so, we collected 128 billion rupees in levy.
They have taken it up to Rs 580 billion in the first year, which is 8% of the total revenue. Next year he took Rs 1 trillion from it. The next year he made it 1 trillion. Now it has reached 14 trillion. They should collect revenue from this. So the reason for this is that their total exports have decreased by 2 billion dollars.
Under this head, they will give them approximately Rs 1 trillion over and above their pension. Well then their trade deficit has gone up to about 4 billion dollars. So if we look at it from every aspect, have these people learnt anything? Well, IMF has told them to do 80 as you had told. And the interesting thing is that the price of petrol has been increased now, let me tell you one thing, at this time the price of petrol had decreased in the international market. It was not big.
How did they increase it?
Okay, then let's see this too. Suppose there are three of us. All three of us work.
Live in the same area.
I place a huge burden on my children. So I see what India is doing. India did not increase its price in all these positions.
What did he say? He has said that the burden has been put on the people who own refineries.
Bangladesh put a burden on the government.
What did we do? The refinery owners have been given $50 for refinery instead of $5.
So that they can make more profit. One more thing, one thing I want to tell. Now imagine that a man who rides a motorcycle uses one litre of petrol.
He will use petrol worth ₹400 daily.
Ok.
Ok?
Correct.
At the end of the month he will have used petrol worth ₹1,000. His friend Istamai Ismail, who was with him at the time as the Treasury Secretary, had said that we said that there is no tax on the shopkeepers, the land mafia, whom you can call landlords who have thousands of acres of land, there is no tax on them, but you are imposing tax on a motorcyclist, it is absolutely fine, now these are the policies of the government on which he himself is saying that Ujafa Sahib, there is no section for this, but Bhati Sahib, there is a levy of ₹117 and other taxes apart from that, and in total, we are getting petrol worth ₹4001.16. Do you think the government has no cushion to give to the people or it does have it but the government is doing it from here to meet the deficiency in other places. There are three things my brother. First of all, Salim Sahab knows more about Mashta than you and me.
This is their field. Yes.
And he does not belong to any party and criticizes every government. I was reading one of his tweets. He was saying that the issue is not about tax collection. The issue is of government royal purchases.
How?
Four years ago, the salary of a National Assembly member was Rs 1,80,000. Now it is 5,19,000.
Four years ago, the subsidies given to this class of Ashrafia were 700 billion, 1400 billion, four years ago the government expenditure was 500 billion and now it is 1000 billion, one MNA costs 100 crores, one MPA costs 30 crores, Pakistan's tax collection is very noteworthy, this is what they are saying, I would say that it may be 1920, it has reached from trillion to 14 trillion. Tax Collection This is tax collection. Not the 55 types of taxes that are levied indirectly.
Not the 15% tax that is levied on the electricity bill.
This is tax collection.
So tax collection has increased from one trillion to 14 trillion. But 60 Wazar Mashir Alhamdulillah Shabaz Sharif Sahib and all the rest, this thing happened. Secondly, from February till now i.e. till 9th May 2026, they have increased the price of petrol in India by zero.
Bangladesh 16%, Afghanistan 35.25%, why are we unhappy? for which reason?
This is another matter. Thirdly, I am asking a question again and again. No one answers at all.
In the previous program also it was asked that there is pressure from IMF. The IMF is the villain.
O brother, whoever gives loan has conditions. I agree to the conditions and you give me the loan. You will get your terms met. She is not a villain.
The IMF is taking it from you by putting its thumb on your neck.
This is my question once again, do n't get bored. It is said to Huzaifa Sahib that you should divide the caste of Arabs.
Imran should increase the salaries of the ministers and assembly members.
Where does the IMF's thumb go?
You distribute billions of rupees in the development fund, where does the IMF thumb go to the MLA and give billions of rupees worth of facilities to the Ashrafia section, where is the IMF thumb, you and your entire children move around in 20-25 cars, where is the IMF thumb in the protocol, and you enjoy free electricity, free petrol and free checkups, where is the IMF thumb, and increase the budget of the Assembly members, I don't know yet whether Huzaifa will get it or not, may Allah make him become an Assembly member next time, new schemes are being made for the Assembly members, 104 family suites, 500 air conditioners will be installed, 500 servant quarters will be built, one billion ₹9 crore, why is the IMF thumb only with us poor people, why is it not here, in reality, uselessness, ineffectiveness, bad policy and an elite capture of the Ashrafia section and 25 crores The country is for God. We have just left after refusing our rights. We have just come back after cancelling Operation Buniyad Marsus. We are proud of him.
We laid down an enemy bigger than us.
Our army did the job.
They lie.
They do not reduce their expenses. There is an easy solution.
Take a loan from this country. Give it to this country.
Take it from him. Pay the interest on it. And when something does n't get done. Impose a hard tax. I will do more inflation. This is not management.
Now Huzaifa Sahib, everything has been collected.
Many objections have been raised. You heard from Dr. Mahim Mohammad Sahib. Irshad Bhati Sahib has also raised some questions.
A question was raised about India that India has not increased the price of petrol even by a single penny. Bangladesh increased by 16%. So what problem did we have that we had to increase it so much? Second thing is that look, you say that tax is not being collected. In 10 months you have collected ₹130 billion tax from petroleum forest.
If you add May and June, it will become 1560 billion. Our target was 1468 billion. This means that we have collected Rs 100 billion more tax from petroleum sector than our target set in the budget.
Why?
Thank you very much. First of all I will start with Irshad Bhatti Sahab. Bhatti Sahib made a very long statement. First of all, many of these gestures are actually incorrect.
Good. The first request is that since the government came into existence in 2022, it has been increasing what Australians get. It did not happen anywhere that such expenses were incurred. That is, those who are talking about where the IMF goes when it comes to rulers.
Markaz's PSDP is almost finished. That means Markaz has completely stopped giving development budget to its MS. Why? Because there is a move on you from the IMF. It is the fourth month. There are many Vara, some white collars also inside your country.
People do not tell but no minister is getting any salary for the last four months. The fuel of the vehicles has been exhausted.
No MLA or MPA is getting salary. No minister of the Punjab cabinet is getting any salary.
My brother Bhatti Sahab is saying that this poor man should be brought to the Austy Mayor. The government has grounded 60% of its vehicles within the Austic May.
Apart from that, there are such institutions of yours which you can say that there is a lot of urgency here. A 50% cut was imposed there also. Apart from this, the government immediately ended the visits of all the ministers. When this situation arises, then say that the government itself is not doing anything. The Punjab government has imposed its own cut of Rs 500 billion.
Their annual development plan is like this, I have requested you about PSDP that there is nothing left in PSDP.
And what you said, you said on an assumption basis that this will happen in June as well, it is possible that it will happen in June, let 's pray, Insha Allah, our effort is also to reduce the prices of these commodities, reduce the levy and that target of 1400 billion that you are telling, why would we go above that, our political capital is at stake, friend, we are not going to take this money in our pocket, the loan of IMF which has to be returned will go to them, you are saying that after the entire 1460 billion is collected, taxes on petrol will be abolished and no money will be collected from 1460 billion. As soon as our target was achieved.
You said that if this ratio is continued then it will become 1500 billion.
I said these things do not happen on assumption basis.
Sir Action, this is projection. This is not assumption. This is projection. You see, we are calculating the next 2 months on the basis of the last 10 months. No no, you are right, aren't you?
Basically because we do n't have margin inside it. There is a very narrow margin. There is pressure from the IMF. That is why for the first 9-10-11 months, we imposed a burden on ourselves. But if in the last month we see that our target of Rs 1460 billion can be achieved not by levying Rs 16 but by levying Rs 100.
So we'll go over that. And the second thing that I am coming to now is visible, isn't it sir? Look, Huzaifa Sahib, this is a very simple thing.
You set a target of 1468 billion.
You divide it into 12. Let's divide it into 12.
A target comes every month.
So, you have already collected more than the target of the first 10 months.
No no, just listen to a little difference in that.
Zee Petroleum Masnat's price has again gone down from $95 to $15 a barrel today.
Who knows, tomorrow the prices of petroleum products may increase by a higher rate in the global market. If we do not bear the burden on ourselves, the State Government of Pakistan will also make cuts in some way or the other, the cut of ₹100-150 billion will have to be met from somewhere or the other.
Yes, whatever you are saying, I am telling you this because it is assumption based. You should have good hope from Allah that the target of Rs 1460 billion, whatever maximum relief we can give, we will give it to a common and poor man within the last month, why won't we, sir, see, the target which was to be set for 11 months, you have achieved it in 10 months, still you have increased the levy by ₹17, so if we accept your argument, then this levy which was increased by ₹17 or this ₹16 should not have been increased. Look, look, then if your target is being achieved, that is, you have achieved 11 months in 10 months, then why has this levy been increased now?
Look, Mr. Asadullah, I do n't know the technicalities of this, but I do know that the recent levy has been increased due to immense pressure from the IMF.
But I can only advise you on the things you are saying, so that you too understand that we will not put any unnecessary burden on the poor at all, and it is right for you not to do so. You are concerned, sir, this 47th sir, the cost of the public, this is not a burden on the poor, as you are saying, no, it is a huge burden. I think I have said such a big thing to you that I will not give any argument to defend it, that argument of the poor, but you are also saying that we are not, but you are also saying that we will not put unnecessary burden on the people, but we are putting it, no, no, it is not unnecessary, friend. Obviously, there is extreme pressure on us, if the situation is such, why would any political government, any political government want to put such a burden on the poor? Let his political capital be at stake. Yes, you are obviously the voice of the poor, take a question from Bhatti Sahab, the voice of the poor, sir, one question, you yourself are conveying the voice of the poor to us, brother, we have to take votes from the poor, why would we do this, let me answer you sir, then move ahead, I have got your answer, friend, friend, brother, you should not talk about the poor and the votes of the poor, this is a further insult to the votes, but anyway, you have the right, I just want to ask you this question, on two things you said that I am not speaking correctly, one, salaries are not being paid both at the top, in the centre, and below, so can you tell me how much has been saved by not paying salaries or not getting salaries, and secondly, you are saying that how much petrol used to be given and now how much has been saved by not paying petrol, the government has done it, yes, the austerity sahib, that is, how much has been saved in what has been going on till now, this is a very important question, Bhatti Sahab asked, Bhatti Sahab, I want to ask you the exact figure at the end of this program, which would run into billions It is because I think the figure for one month was about 20, 22 or 30 billion for two months, but today PM saheb has extended it in Australia, so basically whatever figure is there in this, it amounts to billions, that is, the federal government has imposed fuel cuts, cuts on salaries, cuts on vehicles, this is at least not a matter of two, four, five billion, that is, it will obviously be made in double figures, it is a matter of many billions, I will definitely share it with you, please share one more thing, one, sir, he will become a murderer, one, when you share this with Bhatti saheb, please share it with me also.
I will quote that and secondly, please share one more thing that this is the figure that you have given, how much money you are able to save.
Secondly, the Petroleum Minister said that we have given subsidy on petroleum products. First of all, please tell me how much subsidy has been given on petroleum products and if this subsidy had not been given, how much would petrol cost per litre today? That means we should know how much our government is indebted to the people.
I will answer the matter. The Petroleum Minister will give a better answer to this because he has just said one thing. But let me explain the matter to you in brief.
First of all, you will remember that when the prices of petroleum products were increased in 55 or 56 one go, after that the government did not increase the prices for three weeks. And you will remember that a burden of ₹121 billion was imposed on you by the Federal Government, which the Federal Government gave you relief of ₹121 billion for three weeks by making a cut in PSDP.
After that the prices were to increase three times.
After that, obviously the price increased, I think once something increased by 140 or something increased, obviously the previous three times relief was passed on to you.
It was postponed because if the prices in the global market had not risen, the three weeks relief would have come down from the subsidy we had given, then we would not have had to increase that burden.
What happened was that 120 billion rupees of the state were also spent on subsidy and the prices in the army market rose so rapidly that the poor man, the common man, had to bear the burden. He was helpless in this, if the war station had not been there, such a situation would not have arisen, but sitting here and saying that the government is probably deliberately putting burden on the poor and the government had some other option.
Whatever Sahib said, Mohammad Sahib's words went over my head.
That Bloomberg Economist and all the big figures of the world were writing that the economy was about to collapse.
Your own cabinet members were saying that Moishat has drowned in religious movement. The IMF was outraged. Your reserves had reached 4 billion dollars in June 2023 and due to the IMF program, there are statements of Bani Tehreek Sahab for June 2023 that the country will go bankrupt and will become Sri Lanka.
Let's answer this, Humayun Sahab, let's take a small break. Yes, we will come back to the program after the break.
After the break, we will again congratulate you.
All the debris of the three and a half years of Pakistan Tehreek-e-Fitr rule has been dumped on you, Doctor Mai Sahib. He says that everyone was writing that the economy has been destroyed.
You angered the IMF. It has an impact from which we are still unable to escape.
You should accept this reality.
See, this is how every person makes a budget for his house.
Pakistan makes its own budget and presents it in June that this will be my expenditure and this will be my income in this financial year.
Correct.
If I go to February-March, I have three months left and I earn 300 billion access. Yes.
I also revised my budget.
I did not reduce my budget like them.
I revised my budget from Rs 585.8 trillion to Rs 6.1 trillion.
But I achieved that too. So what would I do with the extra Rs 300 billion that I had? I can do two things.
Either I keep it with myself and buy a ship in the same way or I transfer it towards the people. The ways to transfer it to the public are that you subsidize electricity and petrol.
We say yes, it would have been better if it was a targeted subsidy.
It would have been better but it still happened. The IMF would definitely have done that later. Well, this thing becomes clear only in the end, in June, what its total impact is.
In April, those people who talk about Pakistan's misfortune and are getting elected without votes, they used to say to themselves that we have asked the people, that too the poor people, just go out and you will know in front of the poor people whether they will vote for you or throw you away.
You people will get to know.
Well, the second thing is that these people have just increased the number of plates. I think it was on 4th May, the Petroleum Minister had said in a committee that we have petroleum till the third week of June.
If you have petrol till the third week of June.
Why are you increasing the petrol price at the end of the first week?
The market had panicked, right? His explanation had come.
See, people had stopped selling petrol.
Sir, look, look, look, look, this is how it happens, when there is panic about something or there is panic somewhere, you do not react to it personally, the effect of this personal reaction is negative, you do it after thinking carefully.
Now let me tell you again what Imran Khan had said, what he had said in June, he had said that if you bring these people, they will not be able to handle the economy and he said this so that you go a little back, in 1985, Pakistan was ahead of India, China and all these people. was ahead of Singapore.
Then these people came to this country. We will see after that in 2018, let us leave it for now.
In 2018, it fell behind all of this.
Correct. In the last 4 years, the 22 production companies of Pakistan are big companies.
You know, they are producing less than what they used to produce 10 years ago.
In the last four years, Pakistan has gone 10 years behind itself.
Look, there is a race where you and I are running. You are going ahead of me.
Relatively speaking, you have surpassed me. You worked hard and you moved ahead.
Secondly, I have my own timing.
I run 100 meters in 1 minute.
I am two minutes behind schedule.
This means that when these people grab the hailstones, their stomachs start bulging. Whatever he eats, he also applies it. They eat our food and spend it on their children.
Good. Ok.
Now, due to this, what Imran Khan had said was that these people will not be able to handle it and that has been proved. That has been proven right. Is the situation better, better, or worse today compared to 2022?
Look, let me tell you this simply again.
If you watch NI to I what things will you notice about Masht? You see, we manufacture it. We move into large scale industry. Large scale industry was +5% last year.
This year it has fallen by -8% to 8.4%.
It has been negative for the last 4 years.
Their exports have decreased by 2 billion dollars. There were people among them who said that we will come and an investment of 100 billion dollars will come. I think around 112 or 120 of these people have made Moyades.
Correct me if I am wrong. This is what he said to the MoU 114 114. So I saw one in their program. How much money has come from them, nothing has come from those MoUs, we have achieved success, God bless, it needs to be translated, the people of Pakistan are not getting it translated, now the issue is this, they are talking about something else, do you know what their own minister is saying? The $100 billion has not arrived. He is gone. In our official states, it is also clear that the flight of capital to Pakistan has increased. Probably, if I am not wrong, I had read somewhere the figure of one billion and 68 crore dollars for the first 7-8 months.
So far in four years, these have not collectively gone above two GDP. Well, now Bhatti Sahab, there are two or three things in this. One thing you were repeatedly mentioning was how much savings have been made in Kafashwari. So this is a notification which has come out today and in this notification it has been said that this reduction of fuel provision by 50% which is already going on, 60% of official vehicles to be grounded and complete ban on foreign visits travels, has been extended till June 13. This notification has come to us only today and it goes on till 13th June. He will send you Uzafa Sahib. The second question is that if business i.e. tax collection does not happen then the objectives of FBR will not be fulfilled. Could one factor be that if there is no business happening then from where will people pay taxes? That means business has reduced and hence tax has also reduced.
What is the business to be? First of all, electricity is the most expensive in this area and we are paying the highest tax in this area. At 8:00 you said stop. In eight big cities people leave after eight. What has happened, just go and see the people. And now today many people have discussed that the wholesalers and retailers, the upper class Ashrafia, do not pay this tax. The Ashrafia class is also their own and this is also their vote bank. We are just lying in it. Third thing, tell me to reduce the salaries of these ministers.
I also brought Huzaifa Bhai to the next program.
I will also bring it and tell how much it costs? How much is that much savings? It has been reduced so much. You made everything your own.
What did you do with all these things that I had listed? And what does that mean, you stop paying salaries?
Do you know how many vehicles have been grounded? I am not able to get any petrol. This is that, isn't it?
Junejo sahib had also said that you should come on Suzuki.
He had said that everyone will get cheap bread. The yellow taxi also came. I also came to repay the debt. Did the cheap tandoor also come?
Nothing was received at the end of the day. These are all show-offs. There was also more compensation for 2022. Bhati sahab, was the struggle of Pakistan better in 2022 or is it better today, friend, fear God. In 2022, you should see what the rate of dollar was. In 2022, it was around 170-72.
And today, it is good that the army has punished these dollar mafia. They have stopped them.
How much is it today? Still, dollar 2000-22. Look at petrol in it, 150.
Look at diesel today. Look at flour today. And look at the rate of unemployment. Look at the rate of inflation.
Look at capitalism. The record is set. Unemployment is down and unemployment is up.
The day of 2022, Bilawal said, welcome to the entire old Pakistan. In fact, we have come to the old Pakistan and believe me, in 2022, now the era of Imran Khan seems like heaven. Pick up any one province and see.
Some Huzaifa brother should tell me that in this one can look at the loans, interest on loans, capitalism, trade, industry, real estate etc. And today it should be installed in the streets and neighborhoods.
I, Huzaifa, and all three of you go out and tell people that I will bring the figures of 2022 next time.
2022 and 2026 are four years of devastation.
And in every way, this is the most unsuccessful and worthless government of Pakistan, which is ethical, which does not even have a position, which does not even have a mandate, this is the most unsuccessful government and what was their biggest claim, we are experienced, we have solutions to all the problems, Nawaz Sharif sahab could not sleep, one petrol price increases, Nawaz Sharif sahab even expressed his uneasiness today, and he has told Shabaz Sharif sahab that they should also reduce the prices of commodities, reduce it when the budget sahab is instructed, okay okay, then it means that from tomorrow oil and gas will be available, Nawaz Sharif sahab must have also said that now I will buy a bullet proof car, remove all my other protocols, sell my property in Murree and divide the house of 25,000 canal in which I live into small plots and give it to the poor.
He has given instructions. Done.
No, I know only as much as I have told you.
Well, that's all the advice I have given. So, after listening to these instructions, my hair has turned grey. We have to stick to these instructions only. May Allah give Nawaz Sharif Sahab a long life and good health.
What did he have before coming into politics and what does he have now? What did Shahbaz Sharif Sahib have? and now what? What did Asim Ali Zardari Sahib have?
This is the subject. I am again teasing the answer of Huj Sahib. He will tell them that the foreign guest used to come and stay in Nawaz Sharif's house in 1960.
I am telling the government that no sir speaker, this is the place from where these flats came, then why doesn't someone tell us that the people who should have been in jails are roaming around with such pride that our homes seem like jails.
Okay, Mujahima Sahib, no one agrees with you that the situation was bad in 2022 and today the situation is better. Both your colleagues have said that petrol was ₹150 in 2022. Let's see it today. At that time the dollar was ₹170. Let's see what the condition of the dollar is today. The industry was growing at that time.
Today the industry has completely collapsed.
Business was better then. There is no business today.
He was giving the example of real estate. He was giving examples from the industry. He was saying that all the sectors were growing at that time and today all the sectors are stagnant. You might also agree that all the sectors are in bad shape at this time. Of the service sector as well as the industry. And we are seeing that the situation in agriculture is not much better either. Rather, after the wheat harvest, flour becomes expensive and cheap and at this time there is a huge shortage of flour in the entire Pakistan.
Flour is becoming expensive. So which two-three major factors would you suggest that are better in Pakistan today compared to 2022?
Yes, thank you very much sir. Kindness I appreciate your guests' opinions. But this should not depend on whether your guests agree or not. It does n't matter whether I believe it or not. To argue. I am making this request to you. I have presented before you those figures which have been told by the world's global financial institutions or global financial institutions. That means, first of all, in 2022 you will remember that Adam Etemad was successful in April.
This started in March 2022, i.e. in June 2022, i.e. exactly two months later, more than a dozen interviews of Bani Tehreeksaf are available in which he says that Pakistan is going to go bankrupt and he was right because he knew that all the money that I had left behind had gone into repaying the loans.
Now our reserves were left at $4 billion.
The IMF is angry with you.
What IMF said was that the price of petroleum should be fixed at Rs 225, which you had agreed with us. You were doing 225 when your barrel price of petrol was $ and your dollar was standing at 175.
You also know that after two months of lack of confidence, the dollar had gone down to ₹325.
Dollar gambling was going on in Pakistan and that was because they had artificially stopped it and your entire economy was in trouble.
We brought that 325 dollar down to a 278 280. After that these people say that your mark had gone to 24.
People had kept their money in banks. Real estate had collapsed. People were just sitting and earning profits from the banks' money.
We brought it down to 10%. Apart from that, my sir did not stop me. Do n't stop me either. We have taken the reserves to 21 billion today. The account one of these State Banks has brought your markup at 10%. The IMF program has been reinstated. It was unfortunate that the war came and the price of petrol went up by Rs 200.25.
Tell me on the ground, Muzafa Rahman Sahab, tell me on the ground, which sector is growing today as compared to 2022. Let us leave these expensive documents to them. You are coming to the ground. I am coming to that. Yes.
Basically, after fixing the micro indicator, we are done with it and have to move on to micro indicators.
Mischief, prices, adivasis or other things, then this situation of war came to the fore and the economy is not built in a day, they sank it for four years, four ministers invested the treasury, all four sank it, the IMF program ended, its after-effects have stopped in 2025 and now this war has come, the economy sank during General Musharraf's era, the People's Party came to power in 8, we worked hard in 13, the economy stabilized in 17, Bani Tehreek is not sinking the economy in 18, Rahman Sahib, so look, I am answering your question, my question is not this, my question is that on the ground, you go among the people, tell me whether the industry is running, agriculture has grown in Pakistan, the service structure is doing amazing right now, so I agree with you, in one sector, I agree with you that the effects of the micro indicators that the previous government destroyed and left, are on the micro indicators. In the last four years we have improved the micro indicators. Now it was the turn of the micro, then the entire burden of this increase of ₹250 or ₹200 in the price of petrol fell on your economy.
Micro indicators sank. I am accepting this.
Well, let's say a war-like situation has arisen.
Ok. Now the war has come, otherwise these things that you are saying were going well. A statement from Awais Lari Sahib came before us.
He says that yes, we have buried IPPs for the future.
In the second part he says that we are going to make electricity so cheap that people will store it in batteries and use it at night.
Now I don't understand the truth.
Perhaps if I am trying to understand, he should talk about solar because only with solar can you make it, store it during the day and use it at night.
But he himself has brought the policy against solar.
Doctor Sahib, what policy is coming on this, what do you understand?
See, this is how you understood it.
You too might have asked him questions, I think he might have heard them himself after that. Even they will not understand what I have said.
Look, the simple thing is that when you talk about statistics, you try five, six, seven things. You look at the overall GDP and see where it is going.
We are looking at Pakistan's GDP from 2013 to 2016 when Mian Nawaz Sharif was the Prime Minister. They were removed after 16, right?
When I was the Prime Minister, the GDP was 4.6-4.8. After he was removed and probably replaced by Khankan Abbasi, it went down to around 5.9 in 2017-18.
5.78 or something like that had gone by. She went upstairs after he left. As long as Mian Nawaz Sharif was there, the GDP never went above five.
When Pakistan Tehreek-e-Saf came into existence, two conjunctive years were the longest in the history of any political party in the history of Pakistan.
Never in two conservative years has any political party touched six GDP.
We did two conjunctive years. The industry which was large scale industry, the highest in the history of Pakistan before the PTI government was 9.6 and this was in 1960 when Pakistan was literally growing.
During the time of Pakistan Tehreek-e-Faf, it reached 11.6. Do you understand? It has gone to 11.6. Has increased by 2%.
This is a very big thing.
Well, after that your exports are the highest in the history of Pakistan.
Apart from that, look at each and every thing from every aspect, should n't Pakistan move away for a minute?
Covid had not come during the time of Tehreek Insaaf.
Covid has been there for one and a half years.
I have been here for 1.5 years.
Well, apart from that you did not have this war with India.
Correct.
In fact, the foundation for winning this war was laid at the time when you made preparations for J10C after that war.
Well after that tell me one more thing. Ukraine, wait a minute. The Ukraine war did not affect Pakistan. So despite three things, Pakistan's legal justice did so well. If these people have said this, then the entire issue of Pakistan will be resolved. If the way Lagari Sahab is saying that electricity is going to become cheaper then there will be problems because the root of all the problems is this power sector. If this is fixed then the issue will be resolved. Firstly, let us talk logically to Huzaifa Sahib.
Never say in future that Pervez Musharraf destroyed the party and the People's Party came and restored it. Pervez Musharraf Sahib had said in his last speech that Allah is Hafiz of this country.
I did not understand at that time.
But now it has come to light that those in whose hands it came have really ruined it. Look at the figures of Pervez Musharraf. Nadra, Ogra, Nepra this electronic media on which we are sitting. Women's gatherings were the best Baliyati system, we had no respect worth a penny outside. It was ₹60 per dollar. The real estate industry in Gujarat was booming. This is my brother's Awais Lari sahab who is our scientist, next time I meet him somewhere I will ask him from where will we get those batteries in which we will store electricity, when we open the tap the electricity will come out in a flash, when we go to perform ablution the electricity will salute us from there I don't know from where the electricity will come, Shabaz Sharif sahab you remember the burning of Pakkha at Manare Pakistan, if the load sheds are not ended after six months then my name is so and so, my load sheds will end in 8 months, after that now there are these IBPS benefits which will continue but let's ask Awais Lari sahab on this and or wait for his explanation as to what formula he has in his mind due to which this electricity is going to become cheaper.
Many thanks to all the guests for participating in the program. Please allow me.
Allah Hafiz.
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