Federal Minister of Finance Miftah Ismail announces the good news that the inflation will decrease in October. Electricity bills will also decrease.
He says that the month of September is difficult.
He speaks at a seminar on the country’s economic situation in Islamabad.
Finance Minister Miftah Ismail says that the debt of 21 billion dollars is to be pay this fiscal year.
He says, difficult decisions need to take to save the country from bankruptcy. When we comes to government, it was expected that difficult decisions would have to be made.
He says that when our government was formed, there was a debt of 44 thousand billion rupees, when the oath was taken, then there were foreign exchange reserves of 10.3 billion dollars.
The finance minister said that we had a current account deficit of more than 12 billion dollars, a total of 36 billion dollars was required during the current financial year, sales tax was not increased, income tax is increasing by 38 percent, it is not difficult to bring growth.
But there should be steady growth.