"We saved the country from default and stabilized the economy." PM Coordinator Rana Ihsan Afzal
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00:00Last year, the government put up a primary surplus.
00:05This means that if you take out the expenses of interest,
00:09then the government's income and expenses were surplus.
00:13So when you put up a primary surplus,
00:16it comes under the category of fiscal discipline.
00:19And overall, in the financial year 2024,
00:22we have brought a 6.7% decrease in public debt.
00:27So our 5-year plan is to bring it up to 60%.
00:33If you allow me to build up the case a little,
00:36it's absolutely fine. There has been an increase in poverty.
00:38You are touching 71% of the GDP, Ashwin.
00:41You are touching 71% of the GDP.
00:43No, no, one minute.
00:44Look, Mr. Malik, let me put up the intro you gave,
00:47and all that.
00:48Look, Pakistan needs a high-level growth rate
00:52if we want to reduce poverty.
00:55And if we want to create jobs in such a way
00:59that the talent pool is coming into the job market.
01:04But we can't do that because Pakistan has a fundamental issue.
01:08The gap between exports and imports reaches 2 to 2.5 times.
01:14So the problem is that whenever we come to a 5-6% growth rate,
01:19we have a current account deficit that we can't finance.
01:23And then we have a shortage of dollars.
01:25And then we have to go to multilaterals.
01:28So this cycle that Pakistan has been seeing,
01:31we have seen it in Pakistan again and again.
01:35Now we see that cycle again in the period of PTI.
01:39That cycle of $18 billion, your current account deficit was 6% growth.
01:44But it was a consumption-led growth.
01:46And after that, we hit the bottom.
01:49Mr. Mifta was the finance minister.
01:52We saved the country from default.
01:54We stabilized the economy.
01:56Your money was not being held.
01:59There was depreciation.
02:00So what we have achieved now is that we have stabilized the economy.
02:04It is absolutely right that poverty has increased.
02:06It is absolutely right that we have so many jobs.
02:09Let me add something.
02:11I will tell you what you have achieved.
02:13One last thing.
02:14Listen to me.
02:16You have achieved that in the Taj-e-Dos scheme,
02:19you had set a target of 23 billion.
02:21You have not even been able to get 20 lakh rupees.
02:23You have achieved that in the last 7 months of this year,
02:27you have taken more than 100 billion rupees from the salaried class.
02:34You are squeezing the money that has come in the sugarcane cultivation.
02:38Your retailers, your exporters,
02:41have taken less money from the salaried class.
02:44The vested groups, the business groups, the retail markets,
02:48your voters,
02:49your voters say that the biggest trader and retailer of PMLN is your vote bank.
02:55You are not helping them.
02:57You have killed the salaried class.
02:59And you are saying what we have done.
03:01Is this what you have done?
03:03No, no, no.
03:04Mr. Malik, look.
03:06The first thing was to save the economy from falling.
03:09We saved that.
03:10And big indicators are coming in.
03:12There is a trend of inflation.
03:13Inflation is coming down.
03:14I will not go into the depth of all that.
03:16But it is a remarkable achievement on its own.
03:19I agree with what you have said so far.
03:22But the restructuring of our FDR is under process.
03:28And a lot of things, the hard part is over.
03:32Sir, you people, Mr. Rana.
03:34You people have announced.
03:36Listen, listen.
03:37Listen, listen.
03:38Let's keep.
03:39It's my job that I keep fact checking.
03:41I am sorry.
03:42I am sorry for the interjections.
03:43But I can't help them.
03:44When you say that you are arranging.
03:46You people have announced the policies of the retail sector.
03:49They went on strike.
03:51They went on strike.
03:52Your feet are swollen.
03:54You people only listen to what is being said.
03:56I will tell you its logic.
03:57I will tell you its logic.
03:58I will tell you its logic.
03:59I will tell you its logic.
04:00You take the retail sector.
04:01Shopkeepers come.
04:02You take responsibility for it.
04:03Yes.
04:04Sir, take responsibility for the retail sector, Mr. Malik.
04:06Then I will not be able to answer.
04:08There are exactly 300,000 retailers.
04:10We targeted that we will go behind all 300,000 retailers.
04:15But a better strategy was proven.
04:17That 90% juice.
04:19In fact, 95% juice.
04:21That is in 2-3 lakh retailers.
04:23So they are being targeted.
04:25They are being monitored in different ways.
04:28According to data integration.
04:30By monitoring their expenditures.
04:33They are put in the tax net.
04:35We will see.
04:36I take your word for it.
04:37We will see.
04:38This is the same thing.
04:39If there is normal oil.
04:42Then Radha will dance.
04:44And in the meantime, you can squeeze the salaried workers.
04:49No, no, no.
04:51Mr. Malik, we have seen a growth of 25% in tax.
04:55With an inflation of less than 7%.
04:58It is remarkable.
04:59It is really.
05:00Mr. Biffa.
05:01Let's get Biffa back into it.