KARACHI: Pakistan Peoples Party (PPP) chairman Bilawal Bhutto Zardari has rebuked the economic policies of the PTI and said the incumbent government had increased expenditures to the highest they’ve been in 28 years.
Bilawal said Imran Khan had sold the people on his allegedly crack team of economists, but they ended up costing Pakistan Rs10 trillion more than the country’s income by creating the conditions for them to borrow on tough terms.
“The only thing, Imran Khan struggled for 25 years was to push every Pakistani under Rs175, 000 debt,” he added. The PPP chairman said that the PTI government had been running a farcical campaign of self-reliance and freeing Pakistan from the debt trap, it had so far borrowed more than $33 billion in foreign loans.
Due to the burden of the mounting interest on these loans, Pakistan would have nothing left over for development let alone defense, after paying government salaries, he pointed out.
Bilawal said even after the percentage increase the circular debt in the power sector alone has gone up to Rs 2.5 trillion and in the gas sector to over Rs 350 billion despite multiple increases in power and gas tariffs.
The puppet Prime Minister had declared not to take any loans, but had in fact paid 82% of the national exchequer, up to Rs2.5 trillion on loan repayments, he said.
How the regime could claim economic growth when it can just spend just 40% of its Rs650 billion development budget by the eleventh month of the fiscal year, Bilawal questioned.
