Pakistan Today

Karachi situation may lead to economic collapse: PTI

Pakistan Tehreek-i-Insaaf Chairman Imran Khan has said that the continued economic slide coupled with the breakdown of law and order situation in Karachi would lead to an economic collapse.
In a press release issued on Saturday, Imran said that the economy was in a state of stagflation with little or no economic growth and high inflation. The electricity shortfall in Faisalabad alone has resulted in massive unemployment, he pointed out.
He said that Pakistan would have to face economic collapse if the present chaos and gang war fare would not be controlled in Karachi which is the economic hub. He said that already the rupee dollar parity was slipping fast, and the currency of even Nepal was stronger than Pakistan.
He said that the Rs 5 trillion loans acquired over the last 60 years has doubled to Rs 10 trillion since the present government came to power. “How can a country with 80 percent of the population on the fringe of extreme poverty repay the loans borrowed by corrupt leaders through indirect taxes,” he questioned.
Imran said the government would be removed from power soon. The present government was democracy’s worst example in a country where democratic institutions have yet to take roots, he said. “If the people are allowed to suffer the economic and other hardships under the present government, a time would come when they would lose hope of any positive change through a democratic process,” he said.

Senator Rashid says Imran clean bowled
In a press statement, Special Assistant to Punjab chief minister Senator Pervaiz Rashid has said that Imran Khan’s so-called politics of sit-ins has got clean bowled for the third time without scoring any run. Imran had staged a sit-in at Peshawar against drone attacks but they increased rather than diminishing after the flop sit-in, he said.
The senator said that after canceling the programme of further sit-ins without giving any reason, Imran staged another sit-in in Karachi to block the supply line of NATO but it also proved futile. He said that Imran also announced a programme of weekly sit-ins before the Parliament House to remove the government but after two successive failures the PTI chairman vanished from the scene.
Senator Rashid said the abrupt end to the sit-in politics of Imran indicates that he has compromised with the US and Asif Ali Zardari and was therefore hiding from the people. He said that so much so Imran did not attend the iftar party which was hosted by him in honour of journalists who kept looking for him only to find that he was hiding in his palace at the hilltop.

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