• Sheikh Rashid conveyed his thought on the supreme court verdict.
• Moody’s rating is been downgraded as the default risk deepens.
• Sales tax increase from 17 to 18 percent.

Former Federal Minister Sheikh Rasheed declared that today is the most significant day in Pakistan’s democratic history.

He went on to say that either there would be economic, political, and social stability, or the country will descend into political turmoil.

In one of his tweets, he conveyed his thoughts on the Supreme Court’s verdict on the election delay. He stated that the IMF has required four more stringent requirements, similar to those imposed in 1998, as the political instability prevails in the country.

آج پاکستان کی جمھوری تاریخ کااہم ترین دن ہےمعاشی سیاسی سماجی اقتصادی استحکام ملےگایاملک سیاسی انتشارخلفشارمیں چلاجائےگاسیاسی عدم استحکام کی وجہ سےIMFنے98جیسی4مزیدسخت شرائط کامطالبہ کردیاہےموڈیزنےریٹنگ بھی کم کردی اورڈیفالٹ کے خطرے کی گھنٹی بھی بجادی سیلز ٹیکس بھی17سے18فیصدکردیاہے

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— Sheikh Rashid Ahmed (@ShkhRasheed) March 1, 2023

He further added that Moody’s rating is also been downgraded as the default risk deepens.

He expressed thoughts over the shortage of petrol, the possible rise in the cost of LPG energy, and the increase in sales tax from 17 to 18 percent.

“Pakistan is turning into a large prison and a death zone for the poor,” he said.

“The government has done nothing except closing their own cases for the last 10 months, Yet, the 1998 conspiracy to divide the judges is repeating and the country is going back into a position similar to 1998”, he added.

It should be noted that the Supreme Court has deferred its verdict on the self-notice issue relating to the delay in the Punjab and Khyber Pakhtunkhwa elections, which will be heard by 11 a.m. today.

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