Fresh wave of inflation from July 12 to further expose Shehbaz govt: Sheikh Rashid

Says the time will tell if the deposit assurances given by the friendly countries will materialise

RAWALPINDI (Dunya News)  - Awami Muslim League (AML) chief and former interior minister Sheikh Rashid Ahmed on Sunday said the cash-strapped Shehbaz-led government's downward countdown is expected to begin from July 12 [the start of new wave of inflation including increasing power tariff]. 

Taking to Twitter, he asked what was the difference between the IMF decisions of former finance minister Miftah Ismail and his successor Ishaq Dar except they are relatives. "Dar's tone was aggressive initially and then he started bowing before the [International Monetary Fund] to get the loan approved for nine months."     

He said a new wave of inflation would engulf the masses from July 12, leading to downward countdown of the incumbent government, adding the three governments -- the sitting government, the caretaker government and the new government -- had to fulfill the IMF's strict conditions in nine months and pay back $11 billion in six months.

مفتاع اور ڈارکے آئی ایم ایف فیصلوں میں رشتے دار ی کے علاوہ کیا فرق ہے ڈار نے پہلےآنکھیں دیکھائیں پھر پاؤں پڑے10 مہینے ضائع کیے اور 9 مہینے کے لیے ناک رگڑ کر تمام شرائطیں مان کرسٹینڈ بائے معا ہدہ کیا 12جولائی سے بجلی سمیت مہنگائی کی نئی لہر آنے والی ہے اور حکومت کی الٹی…

— Sheikh Rashid Ahmed (@ShkhRasheed) July 2, 2023

The former minister said the time would tell if the deposit assurances given by the friendly countries would reach any practical conclusion, adding there was no room for errors in the IMF agreement as an environment of now or never had been created.

He was of the view that the government had wasted 10 months, signed [staff level] agreement with [the IMF] on the last day [June 30].

"Is it fair that diesel has become expensive by Rs7.50 even on the arrival of Russian oil in the country, the AML leader questioned.  

He said the foreign minister of PPP made more than 50 foreign tourism trips but is a silent spectator on the IMF agreement. Nawaz Sharif's coming or not depends on his health and not on politics and the decision of the case. .

Taking jibe at the coalition partners, Rashid said that 13 parties had become politically bankrupt, and the nation had become economically bankrupt.