Pakistan's debt increased from Rs 6000 billion to Rs 30,000 billions in Nawaz - Zardari era

Shares
Pakistan's debt increased from Rs 6000 billion to Rs 30,000 billions in Nawaz - Zardari era

NANAKANA - The Prime Minister Imran Khan while inaugurating 10 billion tree tsunami in Balloki said in the past, it had never been imagined that the powerful elite would be held accountable for their deeds. He said the two NROs, had historically caused huge damage to Pakistan, besides sending the country into chronic financial woes.

One NRO was granted by former General Musharraf to Nawaz Sharif in Hudabyia paper mills corruption case which paved the way for a safe passage for Nawaz Sharif.

Ishaq Dar, the former finance minister, had also submitted a confessional statement as to how the money was laundered in that case, besides, BBC also ran a documentary, he added. While in the second NRO, related to former president Asif Zardari, he said over Rs2 billion had been spent on pursuing the Swiss cases abroad.

He said despite the fact, the government had got a favourable decision in the Surrey Palace case, the recovered amount of the assets made its way somewhere else instead to the national exchequer.

The Prime Minister lamented that during the period from 2008 to 2018, both these PPP and PML-N leaders had ruled the country.

During the past 60 years, he said, the country faced a debt of Rs6,000 billion, but during the ten years of their rule from 2008 to 2018, this debt surged to whopping Rs30,000 billion. Such an unprecedented debt also hiked the prices of the daily commodities, badly affecting the common man.

The people had to pay for their rule, he said and wondered with which demeanor, certain political personalities from the opposition parties appeared on Tv channels and questioned PTI for not rectifying all their wrongs within first five months of its government.

The Prime Minister compared the country’s economic condition by citing an example and questioned how a shop or factory which ran into loans and losses could generate profit!