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‘Paper crisis’ in front of Pakistan, students do not have access to books before the new session MPNRC

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News agency ANI reported that the Pakistan Paper Association had warned ahead of the new academic year starting August 2022 that books would not be available to students citing the paper crisis in the country.

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The report said the paper crisis can be attributed to global inflation, but in Pakistan it is likely to be due to the wrong economic policies of governments in Pakistan. It also said that the monopoly of the local paper industries is also to be blamed.

The announcement came during a joint press conference addressed by All Pakistan Paper Merchant Association, Pakistan Association of Printing Graphic Art Industry (PAPGAI) and other organizations associated with the paper industry.

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Pakistan’s leading economist Dr. Kaiser Bengali also addressed the joint press conference. News agency ANI quoted local news media outlets as saying that the paper prices have skyrocketed due to the severe paper crisis in the country. The paper is currently so expensive that publishePKR is unable to determine the price of the books.

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For this reason, textbooks and school boards in Sindh, Punjab and Khyber Pakhtunkhwa cannot publish new textbooks for the upcoming academic year.

Pakistan is grappling with an economic crisis and the IMF earlier this week helped the Shahbaz Sharif government by reinstating a $6 billion aid package and unlocking DUKR for funding from other international sources, news agency PTI reported.

The Pakistan government, however, has to generate PKR 43,600 crore more tax in the financial year 2022-2023 and gradually increase the petroleum levy to PKR 50 per litre.

Pakistan’s dwindling foreign exchange reserves will get a new boost as it allows immediate access to $1 billion that it can use to buy fuel and other essential imports.

Pakistan will levy poverty tax on firms earning PKR 15 crores (1%), 2% on those earning PKR 20 crores, 3% on those earning more than PKR 25 crores and firms earning PKR 30 crores and above.

Following the recommendations of the IMF, the Shehbaz Sharif-led government will revise the annual tax collection target for the year 2022-23 to around PKR42,200 crore. The government also removed provisions for additional wages and pensions, freeing up PKR20,000 crore.

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