Times of Islamabad

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

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 billiontree tsunami in Balloki said in the past, it had never been imagined thatthe powerful elite would be held accountable for their deeds. He said thetwo NROs, had historically caused huge damage to Pakistan, besides sendingthe country into chronic financial woes.

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

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

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

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

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

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

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