ISLAMABAD: Pakistan Peoples Party (PPP) Senator Sherry Rehman on Thursday said the matter of IMF loan tranche approval is not a matter of happiness but of shame, the government accepted the International Monitory Fund (IMF)’s unacceptable terms.
“Billions of rupees were taxed on the people for a $1 billion tranche. There is no need to celebrate the $1 billion loan,” Sherry Rehman tweeted.
The PPP leader said stability in the economy did not come from the IMF loans but from economic policy which the government did not have.
“The party which has been pursuing the policy of not going to the IMF, today its ministers are expressing happiness on receiving the tranche of IMF loan programme,” she said in response to Finance Minister
They bulldozed the mini-budget for a $1 billion installment, putting the burden of inflation on the people, she maintained.
Read more: Nawaz Sharif spotted visiting factory in London
Sherry said the government increased foreign debt of Pakistan by 60 per cent in just three years. “This government has borrowed Rs20.7 trillion, which is the highest loan ever taken by any government. Due to this, the total debt has exceeded Rs50 trillion.
The debt-ridden government is taking loan of more than Rs17 billion every day,” she said.
