Pakistan Debt
Imran Khan has pushed Pakistanis under Rs 175,000 of debt: Bhutto
Islamabad: Pakistan People’s Party Chairman Bilawal Bhutto Zardari has slammed the Imran Khan-led government and said the only thing Imran Khan struggled for 25 years was to push every Pakistani under Rs 175,000 of debt.
In a statement issued from the Media House, Bilawal House, the PPP chairman termed the PTI government as running a farcical campaign of self reliance and freeing Pakistan from the debt trap, but has so far borrowed over $33 billion in foreign loans, reports The News International.
Bilawal also expressed his fear that due to the burden of the mounting interest on these loans, Pakistan would have nothing left over for development let alone defence, after paying the government salaries.
"The circular debt in the power sector alone has gone up to Rs 2.5 trillion and in the gas sector to over Rs 350 billion despite multiple increases in power and gas tariffs,” he was quoted as saying by The News International.
“The PTI has created a new circular debt by not refunding Rs 710 billion in taxes to the people and traders,” he added.
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