PMML Rejects ‘IMF-Driven’ Budget, Demands Real Public Relief

LAHORE: Pakistan Markazi Muslim League (PMML) spokesperson Dr Muzammil Iqbal Hashmi has strongly criticised the federal budget, describing it as an “IMF-prepared budget” that fails to address the economic hardships faced by ordinary citizens. He said the budget appears to prioritise the conditions of international financial institutions over the needs of the Pakistani people.
Dr Hashmi said the government claims the budget provides relief and reduces inflation, but the ground realities tell a different story. He argued that rising prices of petroleum products, gas, flour, sugar and other essential commodities continue to place an unbearable burden on low- and middle-income families.
Referring to budget figures, he noted that the total federal outlay stands at Rs18.77 trillion, while the projected deficit exceeds Rs7 trillion. He said the large gap between revenue and expenditure would inevitably lead to further borrowing from international lenders and domestic banks, increasing the debt burden on future generations.
Dr Hashmi expressed concern over the allocation of Rs8.054 trillion for debt servicing, arguing that such a large amount limits investment in key sectors such as education, industry and economic development. He questioned how the government intends to achieve its tax collection targets and criticised policies that place additional pressure on small businesses and ordinary taxpayers.
He further stated that the budget projects petroleum levy collections of Rs1.676 trillion, which he said would ultimately be borne by consumers already struggling with inflation. He also questioned government claims regarding reductions in inflation, asking why essential commodities and utility costs remain high despite such assertions.
The PMML spokesperson called on the government to reduce unnecessary expenditures, review its taxation policies and focus on measures that promote industrial growth, exports and job creation. He said affordable electricity, lower energy costs and support for productive sectors were essential for economic recovery.
Dr Hashmi maintained that the country needs a people-centred budget aimed at improving living standards rather than one designed primarily to satisfy external financial requirements. He urged the government to provide meaningful relief to citizens and adopt policies that support sustainable economic growth.