Govt‘s failed policies increase circular debt: Sarwar

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PTI Leader and former Punjab Governor Chaudhry Sarwar has said that failed policies have increased the circular debt and made Pakistan “Maqroozstan”.

Loans of Rs 8000 billion in only three years are an injustice to the people of Pakistan who are already oppressed. Circular debt is now more than Rs 400 billion. People of Pakistan want to see the progress and prosperity as a result of all this debt. ‘Pakistan can only succeed if we get rid of looting and corruption. Rulers must tell the truth to nation’.

He was addressing delegations in his office where he said that obstacles in national progress were the extensive loans, corruption and failed institutions. Pakistan Tehreek-e-Insaf will keep pointing out the flawed policies on every forum including the parliament. ‘We must ensure free and fair accountability if we are to put Pakistan on the road of progress and prosperity’. During last election campaign it was promised that the government will not borrow any more money however the government has taken more than Rs 8000 billion loans from national and international financial institutions.

‘In presence of bad governance we cannot get rid of loans and debts’.