You are here: Home » PTI Stories » National » News
Business Standard

Pak minister acknowledges govt's failure in addressing woes of middle class

Press Trust of India  |  Islamabad 

Pakistan's Friday acknowledged his government's failure in reducing the economic burden on the country's middle class.

Addressing an event here, Chaudhry said that was aware about the role the country's middle class played in propelling Tehreek-e-Insaf to power in last year's

"Our biggest regret is that we cannot provide immediate relief to the middle class that voted for us. Taxes are levied on the salaried class, and gas and have increased for them," he said.

The said that the government succeeded to shield the poorest segments from the financial burden but it could not do so in case of the middle class due to lack of money.

He blamed the economic woes, which the current government inherited, for the failure to live up to the expectation of the people during the first six months.

"Our total income is approximately Rs 5.5 trillion, of which Rs 2 trillion goes to debt servicing, Rs 1.7 trillion towards our defence budget, and then for the every 10 rupees, six go to the provinces," Chaudhry said.

The minister said that the starts budget making process from deficit.

He said the interest was paid on loans taken by the previous two successive governments which shook the foundation of the country.

Chaudhry also defended the 126 day sit-in by in 2014, saying it laid the foundation of 'Naya (new) Pakistan'.

The minister also accused former for misusing fund and spending too much on mega projects like the Orange Line Rail project in which costs USD 3 billion.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, February 09 2019. 00:55 IST