Times of Islamabad

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

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

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

Talking to media in Islamabad on Sunday afternoon, he said they have donenothing for the country, except pursuing anti-people policies.

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

Shibli Faraz said they deliberately ruined country’s economy to createhurdles in the way of the next government.

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

The Minister said PML-N government wasted 23 billion dollars toartificially control dollar’s value.

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

The Minister said now due to strenuous efforts of Prime Minister ImranKhan, foreign exchange reserves have reached to 19 billion dollars andcurrent account deficit reduced from 20 billion dollars to a positiveterritory of 80 million dollars.

He said exports and remittances are on the upward trajectory and ourforeign exchange reserves are now in a comfortable zone. He said we havecollected around one trillion rupees tax during this quarter, which isabove the target.

Regarding negative propaganda of the opposition towards China-PakistanEconomic Corridor, the Information Minister said CPEC is a reflection ofhistoric friendship between Islamabad and Beijing. He said the oppositionshould refrain from harming the fraternal ties between the two countries bydoing politics on CPEC projects. He said the PTI government is committed tocomplete 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 tomalign country’s institutions, especially armed forces and the judiciary.He said they are blackmailing the government and state institutions to getrelief in corruption cases against them. He, however, made it clear thatthe PTI government will not bow before opposition’s pressure tactics andwill not give any kind of leniency or NRO. He said opposition’s alliance isfacing disunity. He said the government will go for by-elections ifopposition tenders resignations from the parliament. He said oppositionparties 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 thisissue on all global platforms, including the United Nations and humanrights organizations.

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