Tuesday, October 4, 2022

Imran Khan speech: petrol price reduce by Rs10, electricity by Rs5

In his speech to the nation, Prime Minister (PM) Imran Khan announced a surprising relief, revealing that the price of petrol has been reduced by Rs10 per liter and the price of electricity has been reduced by Rs5 per unit for low and middle-income electricity consumers, as well as for all commercial consumers, in order to combat inflation.

He also stated that the price of gasoline and the tariff for electricity will remain unchanged until the next budget.

In addition, the premier said that internships for unemployed graduates would be organized, with each intern receiving Rs30,000 in compensation. PM Imran declared that the government would set up a platform to distribute them in the coming months.

As part of this, he stated that 26,000 scholarships worth Rs38 billion will be awarded to deserving students.

Read Also: OGRA raises LPG price by Rs 27 per kg

He said that the inflation rate remained in the double digits over the various tenures of the Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N).

He compared the inflation rate during the PTI’s tenure to that of the previous regime, which was over 8%. “I acknowledge that there is inflation, but I believe it is due to global forces.”

According to him, the country was in a precarious economic state when they came to power, and the Covid-19 pandemic, which hit the world at the time, led to inflation.

Pakistan imports ghee, beans, and other food commodities, according to the premier, which has resulted in a price increase.

PM Imran cited the United States, Canada, the United Kingdom (UK), and Turkey as examples of industrialized countries that had experienced a surge in inflation as a result of a pandemic-induced disruption in the supply chain, he said.

On foreign policy, he stated that they have committed to building an independent foreign policy that will benefit the country once they have taken over as the ruling party.

For example, he pointed to Pakistan’s participation in the war on terror, which was initiated by the United States (US), as an example of failing foreign policy.

Drone attacks by the United States have increased significantly in recent years, according to Prime Minister Imran Khan, with more than 400 carried out under two democratic regimes, compared to only 10 during the military regime of Pervez Musharraf.

The president urged the people not to vote for politicians who had bank accounts in foreign nations because they would be unable to formulate an independent foreign policy because of a conflict of interest.

He stated that the travels to Russia and China were continuing to be beneficial and that the country would soon receive ‘positive news.’

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