Former Punjab Finance Minister Dr. Ayesha Ghos Pasha says that at present every Pakistani owes two hundred and eighty eight thousand rupees, we as a nation have reduced our income and increased our expenses.
Addressing the ongoing Asma Jahangir conference in Lahore, Asha Ghos said that when payment is made in dollars, dollars cannot be printed, dollars have to be earned, we have taken twice as much debt in the last twelve years than in the past, we have borrowed from the IMF. 60 billion dollars to be paid over the next three years.
He said that the loan is taken to meet the budget deficit.
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He said that to increase the income, export should be increased, the responsibility of public relief is with the provincial governments, it is a shame that the world is moving forward and we are going backward.
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He said that smuggling does not stop with us, 4000 tons of oil is smuggled daily, our internal and external debts are 670% more than the government’s income.
He said that eight billion dollars will have to be paid before the next program of the IMF, and the IMF is thinking regarding how these people will return the money we have given them.
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2024-04-28 20:40:42
