The PM announced that the government is now taking action against ‘benami’ properties of Pakistani politicians and will start seizing them from tomorrow.<br /><br />Tax reforms to bring prosperity<br /><br />PM Khan said that the first 10 months of the PTI government was very difficult as the country was suffering from an economic crisis.<br /><br />He said that Pakistan’s economy going in the right direction, adding that the current accounts deficit increases when exports come down.<br /><br />“Pakistan would become bankrupt if fails to pay the loans taken by previous regimes. The rupee devaluation increases the price of a dollar, he added.<br /><br />Speaking over the tax collection system PM Khan said that the tax base will increase when the government will succeed to attain $5.5 billion.<br /><br />“Pakistan is the country where people usually pay low tax and with this type of approach it becomes difficult to run the country,” he said.<br /><br />Talking over the system of Federal Board of Revenue, PM Imran Khan said that the reforms in the institution are on cards as it has become necessary.<br /><br />“Those who have made the country bankrupt are asking us for accountability. Previous rulers of [PML-N, PPP] have ruined the departments like PIA and Railway.”<br /><br />“Reforms are necessary to bring the economy of the country on track. We’ve done our homework and will bring reforms according to the situation.”<br /><br />“United Arab Emirates (UAE), Saudi Arabia, China and Qatar have come to support Pakistan in difficult times. Pakistan could have become bankrupt if they didn’t help us.”<br /><br />Talking about the IMF bailout, the premier said that the economy would become more stable with the introduction of the IMF program.<br /><br />“The country will enter into a new era after the government reached an agreement with IMF on July 3,” said PM.
