عمران خان کہتا تھا کہ مہنگائی کا تعلق حکمرانوں کی کرپشن سے ہے، عمر چیمہ

Doom1111

Minister (2k+ posts)
And how much is that 669% increase? Its not 1 billion as you stated previously. Its worth 266 million up from 35 million from corresponding 3 months of last year (which was by the way height of pandemic).

We have paid 312 million more for palm oil import in same period even when we have imported 15% less plam oil in same period.

So surely its not mainly due to car imports but due to rising prices internationally.

This is direct car import means like Javid affridi. You are not accounting another CBU and CKD, which another 700 million dollar.
 

MMushtaq

Minister (2k+ posts)
Honestly do you believe him? He said this budget was a loot sale and now this budget will changed altogether in Early nov. Please never post his videos for a proving reference.
What he said is the truth in his sight. You may not agree with him but many do.
 

s.shahid

MPA (400+ posts)
This is direct car import means like Javid affridi. You are not accounting another CBU and CKD, which another 700 million dollar.
That's would be thereabouts, but 669% increase was only for imported vechiles, 219,% increase for cbu and CKD, besides July to September last year was height of pandemic. Though steps could have been taken to curb in July and August, yet rising import bill is mainly due to rising international prices and to a much lesser extend higher car imports.
 

Doom1111

Minister (2k+ posts)
This doesn't mean that there will be a mini-budget.
Either PTI has guts to fill it's own budget, which they mentioned that they will 600 billion rupee taxes on petrol or else IMF said to come up with a 600 billion rupee tax new plan. You can guess what PTI will do and everyone know.
 

Wake up Pak

Prime Minister (20k+ posts)
Either PTI has guts to fill it's own budget, which they mentioned that they will 600 billion rupee taxes on petrol or else IMF said to come up with a 600 billion rupee tax new plan. You can guess what PTI will do and everyone know.
Let's wait and see
 

Hate_Nooras

Chief Minister (5k+ posts)
This was all consumption led. Shaukat Tarin him self said in USA that all Taxes are based on Import that is why is IMF not agreeing with us. 80% taxes are collected from imports in this 3 months. The entire budget requires 80% tax collection from custom duties.

PTI did more 1 billion dollar of Cars imports ,which was less than previous entire FY.

3) Lost 2 billion dollar from reserves due to CAD in just 4 weeks

4) Made fiscal balance out place.

5) Cause market to crash 6000 points

6) Lost FDI due to unstable currency.

7) Government update is more higher than 2018 now

8) CDS risk level is equal to 2019 now

This happened due to delay in IMF program, which is now putting us to more hard condition than March 2021 Hafeez wanted to.

If we had agreed to IMF condition than our inflation would have stand still at 8% and now it will go beyond 12%. and in winter will be more than 13%.
But you suggested defaulting, so tell us what would that have done to the Rp.
 

Doom1111

Minister (2k+ posts)
Get lost,you have no idea what you are on about. Its not rocket science to work out that the oil price will cause us problems.
Is this a rocket seience to delay IMF program and now they are giving more hard condition than March 2021 and we are going to fullfil those hard condition. Is there rocket science that SBP forced -3% negative interest rate, which created import demand, is there rocket scienece that we reduced 7 to 20% duties on fully imported cars, luxury cars and CBU, CKD to collect taxes because entire 2021 budget is based on 80% custom duties.