Describing it as a milestone, she said that the project is the creation of students of the department of visual studies, under the supervision of their teachers - Asim Mehdi Kazmi and Mohammad Owais. Replying to another question, Imran Khan said the revenue target of 5,500 billion rupees set for the current fiscal year will be achieved through reforms in Federal Board of Revenue and broadening the tax net. While the country no longer needs more loans, the return process has begun. 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Speaking on the occasion, she said that such activities would be beneficial for students in their career and underlined to organise such activities on regular basis. Imports. He said through constructing five million housing units, economy will be strengthened. He lashed out at the economic mangers of the government, saying that the PTI government failed to understand the situation and reform the economy accordingly. Dr Fauzia Naz of Mass Communication along with the other teachers of Visual Studies department also attended the ceremony. KU Faculty of Arts and Social Sciences Dean Prof Dr Nasreen Aslam Shah was the chief guest. PTI came into government and increased taxes and duties to reduce the country s … External Debt in Pakistan increased to 115756 USD Million in the fourth quarter of 2020 from 113803 USD Million in the third quarter of 2020. It is expressed as a ratio, and applies to the new monthly payment (which includes principal, interest and all applicable taxes) of the loan being sought. By the time new loan matures, i.e. Prime Minister Imran Khan has said PTI government has paid back 10 billion dollars on debt servicing on loans taken by the previous governments.. While internal debt returned 15 trillion Took total loan 4 trillion and returned 19 trillion. PTI remained critical about the bailout packages taken by the former governments. “That’s the reason why international investors are hesitated to invest in Pakistan,” said the PML-N leader. External Debt in India increased to 556243 USD Million in the third quarter of 2020 from 554746 USD Million in the second quarter of 2020. He said this transition will take some time and that is why activity is low at business hubs like Karachi. He, however, said that this time they have to return Pakistan's money. “In the first seven months of the government, poor economic policies of the federal government has caused an increase in inflation on an unprecedented scale, exposing the incompetence of the rulers,” Mr Miftah Ismail  asserted while addressing a press conference here. External Debt in Sri Lanka averaged 46960.50 USD Million from 2012 until 2020, reaching an all time high of 55915.96 USD Million in the fourth quarter of 2019 and a record low of 37098.10 USD Million in the fourth quarter of 2012. Even if we see the amount of borrowing the country has done since 1947, we will find that 30% of the total loan has been taken during Imran Khan’s time, while the rest 70% took over 71 years of accumulation. Balance of payments support of US$ 3.0 billion has been received. NAYA PAKISTAN HOUSING FOR ALL INITIATIVE : One of the key features for Naya Pakistan is to improve the housing situation for Pakistanis. Imran Khan said we are following the Chinese model for wealth creation. With the exception of one, all of them were approximately three years long. He was of the view that even the PTI members have acknowledged that the economy is not going in the right direction. PTI is an acronym for payment to income, and can be calculated quite easily. Tourism is the fastest-growing economic sector on a global scale and has been expanding and diversifying for decades. How to apply for 3 Marla, 5 Marla homes Criteria and online application [youngstars.pk] The housing scheme has been largely ignored by various governments in Pakistan. 0. World Tourism Day is held every September. Nine measures taken by government to curb black money Government has taken various measures such as policy-level initiatives, more effective enforcement action on the ground; putting in place robust legislative and administrative frameworks, systems and processes with due focus on capacity building, and integration of information and its mining through appropriate use of information technology. Why have we kept money launderers as VIPs? In 2014 total external debt on India was US$ 446 billion which rised to US$ 564 billion by December 2019. The lender has to monitor the construction of the dwelling units financed under the scheme, like approvals for the building design, infrastructure facilities, the quality of construction, etc. Modi government schemes: Since its inception in May 2014; the present NDA government has launched many welfare schemes for the welfare of the society. He said a comprehensive plan is being evolved to control smuggling and money laundering for which new legislation will be brought in. 3 to 4 years, hoping to have good exchange rate to lessen the burden on economy. He said Pakistan might have defaulted had the friendly countries like Saudi Arabia, UAE, China, and Qatar not come forward to help us. He pointed out that PTI took the loan from Rs 25,000 billion to Rs 36,000 for two years but the tax revenue was stuck at the same point in real terms. PTI Doubled National Debt, Didn’t Repay A Single Penny – Miftah ISLAMABAD: PMLN Central Leader and Former Federal Finance Minister Miftah Ismail termed PTI’s economic performance is total disaster where the government has added thousands of billions of debt while paying back not a single penny of the debt. He said 152 billion rupees have been earmarked in the current budget for the development of newly merged tribal districts with Khyber Pakhtunkhwa. CORRUPTION: Furthermore, PTI government has worked to improve the international image of Pakistan. The government’s total borrowing through MTBs increased by Rs23 billion to Rs5.31 trillion. Khaleeq Kiani Published December 12, 2020. World Tourism Day is held every September. It never moved beyond mere political slogans. During Modi government, debt on Indian government increased by 118 billion dollars. No loan comes without a price. As many as 151 students of the foundation year had transformed the area into a beautiful and rustic outdoor studio using their own handwork. Imran Khan said money laundering of 10 billion dollars takes place in Pakistan every year, which needed a special focus. PTI govt waives guarantee fee on Chinese loans taken to build nuclear plants in Karachi. GVS analyzes the PTI government’s tourism policy; what are their achievements in 12 months and the challenges facing the Pakistani tourism industry? He said the leadership of those countries has told him that they knew him better and will not ask him for any leniency for those, who looted this country. Under Ehsaas Emergency Cash programme, the government has provided Rs12, 000 to millions of families. “There is no justification of raising gas prices,” he argued, adding that where is the “magic the PTI used to claim” while running election campaign. That means the government added $18.3 billion to the external debt. Asked whether the government will consider repaying loans taken by farmers through Kisan Kalyan Kosh, Rupala said: "There is no such proposal under consideration at the moment." PTI Doubled National Debt, Didn’t Repay A Single Penny – Miftah ISLAMABAD: PMLN Central Leader and Former Federal Finance Minister Miftah Ismail termed PTI’s economic performance is total disaster where the government has added thousands of billions of debt while paying back not a single penny of the debt. The sector is still labour intensive and provides more job opportunities … Imran Khan maintained that Asif Ali Zardari visited Dubai forty times as a President of Pakistan while Nawaz Sharif visited different countries costing 640 million rupees as Prime Minister of Pakistan. Before coming to power, the Pakistan Tehreek-e-Insaf (PTI) made loud claims about restructuring the economic structure and keeping the country on the path of development, but after coming to power, the government s economic planning remained weak, leading to Pakistan s slow economy. Mr. Asad Umer: (a) Government obtained foreign loans amounting to US$ 42.1 billion during July 01, 2013 to March 31, 2018 while repayments were recorded at around US$ 20 billion during this period. 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Under Ehsaas Emergency Cash programme, the government has provided Rs12, 000 to millions of families. Prime Minister Imran Khan has said PTI government has paid back 10 billion dollars on debt servicing on loans taken by the previous governments. External Debt in India averaged 296734.84 USD Million from 1999 until 2020, reaching an all time high of 563941 USD Million in the fourth quarter of 2019 and a record low of 96392 USD Million in the third quarter of 2000. Finance Minister Asad Umar and PTI leadership previously had a view that with IMF bailouts, we were obligated to implement a series of unfavourable structural programmes, which left the economy in more terrible shape. Steps were taken to contain COVID-19 and the Smart Lockdown strategy introduced by Imran Khan is gathering praise from all over the world. It is used by lenders to help determine whether the new payment will fit into your present budget. Even if we see the amount of borrowing the country has done since 1947, we will find that 30% of the total loan has been taken during Imran Khan’s time, while the rest 70% took over 71 years of accumulation. He said NRO is not happening in Pakistan anymore as he will not be pressurized by any country of the world to give any leniency. The total debt stock has almost doubled in two years under the PTI. Regarding Afghan imbroglio, Imran Khan said he has always been saying that there is no military solution to Afghan issue and now the international community also acknowledges his stance. He said every eligible citizen will have to become filer to enhance tax net of the country. Prime Minister Naya Pakistan housing scheme, A great initiative by PTI Government. CORRUPTION: Newly-renovated Materials and Processes Outdoor Studio, an initiative of the students of Department of Visual Studies, University of Karachi, was inaugurated on Friday. ISLAMABAB: PTI’s narrative of Paying back Country’s loan is totally false and untrue, in fact PTI government has taken record loans from the IMF and World bank during the tenure of two and half year. In a video message Miftah Ismail said PTI is only raising expenses, deficit and debt on the country in the worst manner imaginable. Total liabilities of the government has increased 49 per cent to Rs 82 lakh crore in the last four-and-half years during the Narendra Modi government, as per the 8th Edition of the Status Paper on Government Debt released Friday. Parliament Times - January 27, 2021. He said it is also in the best interest of the world to avoid any confrontation between the United States and Iran. Browse by category to see what loans you may be eligible for today. He said we have come out of the difficult phase and now we are heading towards stability and the issue of exchange rate will also be settled once there is stability in the country. Imran Khan said record remittances were witnessed since PTI came to power and we are making efforts to control money laundering and slashed imports worth five billion dollars. Asim Kazmi, the chief organizer said that the conviction of students on their teachers was necessary, it is theirs collaboration and hard work because of which we have met the success. PTI assumed power with $9 billion of external debt repayments due in the first year, dwindling foreign exchange reserves, and limited access to international debt markets for continued financing of the domestic consumption-driven growth strategy pursued by the previous government. GVS analyzes the With the announcement of the care-taker government, campaigning from parties—including the PPP, PML (N) and PTI—started as early as 27 March, six weeks ahead of the 11 May election date. He criticised that people have never witnessed such a wave of inflation. Finance Minister Asad Umar and PTI leadership previously had a view that with IMF bailouts, we were obligated to implement a series of unfavourable structural programmes, which left the economy in more terrible shape. Imran Khan said he has asked the Law Ministry to legislate something that removes these money launderers from A class jails and imprisons them into jails where any other Pakistani thief would be imprisoned. Without naming any specific leader, he said sons of a former ruler have approached two foreign countries requesting them to convince Imran Khan to give an NRO for their father. The PTI government s manifesto included an increase in the country s exports, but the last two years have seen a decline of $2 billion. External Debt in Pakistan averaged 62085.89 USD Million from 2002 until 2020, reaching an all time high of 115756 USD Million in the fourth quarter of 2020 and a record low of 33172 USD Million in the third quarter of 2004. He said we inherited record current account deficit of over 19 billion dollars, which increased pressure on rupee. The PTI leader used to criticise PML-N and PPP governments for going to IMF and promised not to opt for loans during electoral campaigns. The PTI government achieved success in curtailing the external deficit in its first year of government by 32% (and further by 64% in first quarter of FY20). 43. He said Pakistan's debt soared from 6,000 billion to 30,000 billion rupees because of two NROs given to the leaders of PPP and the PML-N. Replying to a question, he said reforms will be introduced to improve judicial system and the police. He made it clear that deadline for amnesty scheme will not be extended. Pakistan signed up for $10.5bn foreign loan in FY20. Reality and claims of PTI govt's economic development. He mentioned that it should be noted that before the studio this place was considered as an open landfill. Prime Minister Imran Khan has said PTI government has paid back 10 billion dollars on debt servicing on loans taken by the previous governments.. He said Housing Sector has great potential of creating jobs and improving economy. Ismail claimed that economic growth was far better in during the tenure of the PML-N government as compared to the current situation and projection. The Prime Minister said politicians' benami accounts and properties will also be seized starting from tomorrow. In an interview to a private TV Channel, he said we are focusing on controlling current account deficit and money laundering to relieve pressure from the rupee.