ISLAMABAD – Deeply concerned over the alarming rise in country’s foreigndebts from Rs 6 to 30 trillion in past ten years, Prime Minister Imran Khandirected the Finance Ministry on Thursday to submit a detailed analysis toknow where the money was spent.
Chairing the Cabinet meeting here at the PM Office, the Prime Minister saidthe government and the people of Pakistan have the right to know wherethese huge amounts were spent and were these beneficial for the country ornot.
‘Where was the money spent, on which projects? Did we build a dam? We needto know as we have to borrow more loan to return the instalments,’ PrimeMinister Imran Khan wondered.
He asked the Finance Ministry to submit its detailed analysis to theFederal Cabinet and said it would also help create a better understandingof the loans and their impact on the national economy.
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‘We will need much more funds to return the entire loan. Instead ofcreating wealth, we will have to use our money to retire the debt,’ hepointed.
