PML N government wasted $23 billion for maintaining artificial value of Rupee against Dollar

Minister for Information and Broadcasting Senator Shibli Faraz says Pakistan Muslim League-Nawaz leadership is misleading the common people by pursing a narrative, which has nothing to do with reality.

Talking to media in Islamabad on Sunday afternoon, he said they have done nothing for the country, except pursuing anti-people policies.

The Information Minister said they signed expensive energy agreements with foreign companies, resulting in costly prices of electricity and gas.

Shibli Faraz said they deliberately ruined country's economy to create hurdles in the way of the next government.

He said we inherited current account deficit of 20 billion dollars and a debt of 30 trillion rupees and 2.9 trillion rupees were reserved in the budget to just pay interest of the loans taken by the previous regimes.

The Minister said PML-N government wasted 23 billion dollars to artificially control dollar's value.

He said exports were zero, while imports were encouraged, which resulted in de-industrialization in the country.

The Minister said now due to strenuous efforts of Prime Minister Imran Khan, foreign exchange reserves have reached to 19 billion dollars and current account deficit reduced from 20 billion dollars to a positive territory of 80 million dollars.

He said exports and remittances are on the upward trajectory and our foreign exchange reserves are now in a comfortable zone. He said we have collected around one trillion rupees tax during this quarter, which is above the target.

Regarding negative propaganda of the opposition towards China-Pakistan Economic Corridor, the Information Minister said CPEC is a reflection of historic friendship between Islamabad and Beijing. He said the opposition should refrain from harming the fraternal ties between the two countries by doing politics on CPEC projects. He said the PTI government is committed to complete these projects at the earliest.

Turning to opposition's diatribes against National Accountability Bureau, Syed Shibli Faraz said these rejected politicians are running a campaign to malign country's institutions, especially armed forces and the judiciary. He said they are blackmailing the government and state institutions to get relief in corruption cases against them. He, however, made it clear that the PTI government will not bow before opposition's pressure tactics and will not give any kind of leniency or NRO. He said opposition's alliance is facing disunity. He said the government will go for by-elections if opposition tenders resignations from the parliament. He said opposition parties should refrain from creating uncertainty among masses.

Highlighting government's efforts in raising Kashmir issue on world forums, Syed Shibli Faraz said Prime Minister Imran Khan vociferously took up this issue on all global platforms, including the United Nations and human rights organizations.

Answering a question, Syed Shibli Faraz said the government is taking serious measures to control inflation and provide essential items to the people at affordable rates.