Says Pakistan just weeks away from Sri Lankan situation
\n ISLAMABAD
\nPakistan Tehreek-e-Insaf (PTI) leader Asad Umar has said that since no-confidence motion the foreign exchange reserves of the State Bank of Pakistan have dipped by more than $6b.
\nAsad Umar has cautioned that the situation of Pakistan is only weeks away from the Sri Lankan economic situation lamenting that Prime Minister Shehbaz Sharif lacks courage to take any decision.
\nThe former minister was addressing a presser alongwith PTI leaders in Islamabad on Sunday. Lashing out at the clumpy handling of the economic condition by the new government, Umar rued that day by day the economic crisis was getting worse and people\u2019s sorrow was started turning into anger.
\nUmar said the country had bumper outputd of four major crops last year, the industry grew by 10.6percent and the exports increased by 26percent. \u201cThe sugarcane crop increased by a record 9.6percent, rice production hit nine million tons after an increase of 10.7percent from last year, the maize crop increased by 8.6percent and the potato crop increased by 34.8percent,\u201d Umar said.
\n\u201cNo one can gag the dissenting voices after intimidating them. The nation is awake and lava of anger is being boiled inside them. Let the people decide about the future of Pakistan,\u2019 Umar stressed, adding that economic experts were warning that the condition of Pakistan was just weeks away from what we had seen in Sri Lanka.
\nHe said that former premier Imran Khan tried his best to save the people from falling into quagmire of inflation. He claimed that the PTI government adopted farmer-friendly policies. \u201cAnd it\u2019s because of PTI\u2019s good economic policies, a foreign conspiracy was hatched to bring the no-confidence movement against its government,\u201d he added.
\nThe ex-development minister said that soon after the new government took reins of power, loadshedding started to hit the country despite the fact that the production of electricity was 10 times higher this year as compared to previous year. He said due to sagacious policies of the PTI government, the country registered growth in several economic sectors. He said this year, our growth rate would remain 6%; sugarcane crop grew by 9.6% as compared to the previous year and there was a record increase in the maize crop this year, all due to PTI economic policies.
\nHe lamented that the inept rulers were ruining the economy saying that the foreign exchange reserves had seen a dip of more than $6 billion after the success of the no-confidence movement.
\nExpressing his doubt over the political acumen of the Prime Minister, Umar said that Shehbaz Sharif did not have courage to take decisions on his own.
\nHe said, \u201cFinance Minister Miftah Ismail is looking towards Shehbaz and Shehbaz is looking towards Ishaq Dar, and Ishaq Dar is seeing towards Nawaz Sharif, and Nawaz Sharif is gazing at Asif Ali Zardari. And no one knows, to which direction Zardari has been looking.\u201d
\nUmar was of the opinion that sorrow of people had been turned into fury. He advised the government since the time was finishing, the only remedy the government had at its disposal now was to announce date for the general elections. <\/p>\n","protected":false},"excerpt":{"rendered":"
Says Pakistan just weeks away from Sri Lankan situation ISLAMABAD Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar has said that since no-confidence motion the foreign exchange reserves of the State Bank of Pakistan have dipped by more than $6b. Asad Umar has cautioned that the situation of Pakistan is only weeks away from the Sri Lankan […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-260645","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n