Sunday, May 22, 2022

Fawad Chaudhry said Govt has to repay $55bn loan due to bad policies of past govt

On Sunday, Minister for Information and Broadcasting Fawad Chaudhry said that the Pakistan Tehreek-e-Insaf (PTI) administration will have to return a $ 55 billion loan during its five-year term due to previous government disastrous economic policies.

He stated that the PTI administration had repaid $32 billion in loans over the last three years and that the country was facing inflation now as a result of the previous rulers’ weak governance and theft, and how could we overlook it?

He went on to say that former Prime Minister Nawaz Sharif, who currently lives in London’s most expensive apartment, was directly responsible for the country’s present inflation.

The minister told the media in Lahore that from 1947 to 2008, Pakistan took only Rs 6 trillion in loans to build its armed forces, purchase Gwadar, construct Islamabad as its capital, and become a nuclear state.


Fawad claimed that between 2008 and 2018, when the PPP and PML-N were in power, a loan worth Rs 23 trillion was taken out.

According to the minister, the Pakistan Tehreek-e-Insaf (PTI) administration will have to return a $ 55 billion loan during its five-year term due to previous regimes’ disastrous economic policies.

He stated that the PTI administration had repaid $32 billion in loans over the last three years and that the country was facing inflation now as a result of the previous rulers’ weak governance and theft, and how could we overlook it?

“Those who fled after stealing and robbing the national treasury today are providing economic lectures,” Chaudhry Fawad said.

He claimed that the PPP made the right decision by stopping new gas programs and that there was no revolving loan on gas at the end of its term in 2013.


He claims that when Shahid Khaqan Abbasi left office in 2018, he left a cyclical debt of Rs 197 billion on gas, owing to the fact that the initiatives he launched require Rs 90 billion per year to complete.

Read Also: Hotels Without Parking Will Seal In Murree

He claimed that some people believed Imran Khan’s popularity had decreased due to inflation, but that they were mistaken because he has supporters from Karachi to Khyber, Lahore to Peshawar, Kashmir, and Gilgit-Baltistan.

He said that elections would be held on 1100 constituencies in the national and provincial assemblies and that no other party could field candidates for that many seats.

“The PML-N is a Punjabi party, the PPP is a Sindhi party, and the JUI is a Khyber Pakhtunkhwa party,” Fawad Chaudhry said. He stated that when the time comes for elections, the PTI leadership will demonstrate how elections are contested. Imran Khan will form the government for the next five years, according to the minister.

He believes that involving the business sector in the health and education sectors is critical to resolving the issues.

According to him, the health card program will allow the private sector to invest in the health sector because people want better treatment and the health card will benefit the middle and white collared classes.

He bemoaned the fact that, rather than launching such welfare schemes in Sindh, the provincial government was investing in the construction of private structures.

According to Fawad Hussain, a doctor has been selected in Karachi on a salary of Rs 7.6 million, which is distressing because Sindh’s hospitals and health system have been ruined.


He stated that the Pakistan Tehreek-e-Insaf (PTI) government had determined to give equal health care to all citizens. “We provide equal treatment without discriminating between the rich and the poor,” the minister explained.

He claimed that the health card facility has benefited 5,669 people in the Lahore division so far. He claimed that Khyber Pakhtunkhwa had expanded its health program, which included kidney and liver transplants, and that it would be expanded further.

He claimed that a package worth Rs 700 billion had been given to southern Balochistan. Gwadar has a new mechanism in place, and the city’s major issues will be resolved in the next six months, according to the minister.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Latest news
0
Would love your thoughts, please comment.x
()
x