PML-N president Shahbaz Sharif has said government reliance on world commercial banks to avert dip in foreign exchange reserves is confirmation of our apprehensions.
“ Government policy for reliance on foreign banks to acquire dollars is tantamount to play with fire”, he said this in a statement issued here Friday.
He we3nt on to say mini budget is not acceptable. There is test of every member of parliament. I hope members of parliament from government side will take courageous stand. Allied parties should also show courage and stand with truth.
He held if government allied parties joined the tyranny on Pakistan and people of Pakistan then they too will be considered co-accused of PTI.
Preparations are underway to tie the hands and feet of Pakistan through mini budget, he cautioned.
The incumbent government has taken the level of loan to 40 billion dollars since 2018, he remarked. It is terrible.
The government during the first five months of current fiscal year obtained foreign loan of 4.96 billion dollars and out of this foreign loan, 3.45 billion dollars is meant for non development purposes.
Only 4.699 billion dollars have so far been deposited out of estimated budget of 14 billion dollars. Neither the economy can be solidified on loan money nor is it wise policy for the country, he indicated.
When the economy, defence and government system will stand on loan then geo economics philosophy will stand reduced to a joke, he underlined.
The demand from K-Electric for raising the power tariff by Rs 5.75 is a tyranny, he stated.
Government is taking such steps which has reduced the income and purchasing power of people to nullity, he remarked. The sugar price in open market has increased once again, he pointed out. 100 kilogram sugar bag is being sold out at the rate of Rs 880, he added.
Government lacks wisdom, wit, correct economic policy and team which are needed urgently by the country, he stated.
