‘Goodbye IMF, hello elections’: Journalists, opposition leaders question PM’s relief measures – Pakistan

Speaking to the public on Monday, Prime Minister Imran Khan announced cuts in gasoline and electricity prices by Rs 10 and Rs 5, respectively, along with a number of other relief measures.

But economists, journalists and opposition leaders have questioned the rationale and motives behind the move.

Many critics point out that the government is in violation of its promise with the International Monetary Fund (IMF), which has been raising oil prices in recent weeks.

“The decision to cut prices for gasoline, diesel and electricity came just before the IMF review,” said Uzair Younus, director of the Atlantic Council’s Center for South Asia, a Pakistani initiative.

I’m curious to see what such a conversation will look like given that the announcement is completely at odds with what was agreed with the IMF.”

In a series of posts on Twitter, Yunus explained, “The gasoline and electricity rate subsidy announced by the government will be ‘given through borrowing, and the citizens will eventually pay it back’ along with the cost of interest and exchange rate declines.” “.

Younus also said with these announcements that Prime Minister Imran is “going into an all-out populist election mode!”

Business journalist Khurram Husain reiterated Younus’ view: “Goodbye IMF! Goodbye elections!”

In a tweet that followed, he added: “It’s a good time for the IMF to validate his (PM Imran) policy.”

Reporter Zarrar Khuhro also described the announcement as a “popular” but “unsustainable” “election year move”.

Journalist Fahd Husain has questioned where the money to pay for these “populist measures” is coming from.

Reporter Asad Ali Toor wondered what was the motive for the lower gasoline and electricity prices.

“The reduction in fuel/electricity rates [a] checkmate [the] the opposite? that means[s] PM Imran knows.[s] He’ll be home next month and can’t keep up with this price because of IMF pressure on who’s going to take power? Or do you mean PM Imran? [is] The IMF bids farewell / welcomes the election,” he tweeted.

Meanwhile, PML-N intelligence minister Marriyum Aurangzeb said in a statement that the move was “in vain” by Prime Minister Imran to save the government.

Aurangzeb said the PTI government raised electricity rates by 15 rupees and gasoline by 70 rupees during the three years in power, but in recent measures cut them by 5 rupees and 10 rupees, respectively.

She added, “This decline is not because we realize the suffering and hardships of the people, but because fears of the movement of distrust have grown.”

PML-N leader Miftah Ismail said, “PTI never [the] Money that saves people. But he finds a way to save Imran Khan’s job!”

“Has the economy changed in the last few days, or has politics changed,” he said, noting that the government had raised gas and electricity rates just a few days ago.

Karachi administrator and PPP leader Murtaza Wahab saw the price drop as a direct result of the long march organized by his party.

“Awami March has already started paying dividends to the people of Pakistan. In just two days, gas and electricity bills will go down. Thank you. [PPP] Chairman Bilawal who led this #PeoplesMovement.”

PPP Senator Mustafa Nawaz Khokhar shared a similar view in his speech. geography news. “If you see the opposition party already marching towards Islamabad, you’ll see why this is happening,” he said.

PPP leader Farhatullah Babar said the move was “too little and too late”. “Mass will not be satisfied until the afternoon,” he said. [Imran] Packaged and sent,” he tweeted.