The real problem came out in the last seven to eight years when the volume of loans went to 130 billion dollars: Former finance minister's speech at the ceremony / file photo
The real problem came out in the last seven to eight years when the volume of loans went to 130 billion dollars: Former finance minister’s speech at the ceremony / file photo

Lahore: Former Federal Finance Minister Hafeez Pasha revealed that the real value of the rupee at present is 295 rupees which the government has artificially withheld.

Addressing the businessmen in Lahore, Hafeez Pasha said that the situation is bad, if big measures are not taken, the system will not be able to run, the real problem came out in the last seven or eight years when the volume of loans went to 130 billion dollars.

He said that at present the real value of the rupee is 295 rupees which the government has artificially withheld.

Hafeez Pasha said that 80,000 landlords pay only 3 billion in taxes on an income of 900 billion.

The former minister further said that we have dangerously reduced the rate of duties to increase imports, unfortunately, the big landlords pay only three billion in taxes, while the poor pay 120 billion in taxes on food and drinks, such unjust societies cannot continue. .