ISLAMABAD: Claiming that Finance Minister Ishaq Dar’s policies on the economy of Pakistan are “sinking Pakistan into a debt trap,” Pakistan Tehreek-e-Insaaf MNA Asad Umar on Friday strongly lambasted Dar.
We have warned for 2 years that Dar’s policies are sinking Pakistan into a debt trap. Actual situation even worse than our prediction https://t.co/gkrETJ5cLC
— Asad Umar (@Asad_Umar) September 22, 2017
He referred to the country’s economy as a ‘sinking ship’ and advised Prime Minister Shahid Khaqan Abbasi to impose what he called a need for the hour ‘economic emergency’.
Time for PM to declare economic emergency & make drastic changes to dar/nawaz disastrous economic policies to try & rescue the sinking ship
— Asad Umar (@Asad_Umar) September 22, 2017
Moreover, he added that contrary to ‘our’ beliefs, the situation of country’s economy is much worse.
He took to Twitter and observed that PTI had already called the people to take notice of the alarming situation.
Again as we have warned time and again, continuing with the failed policies of last 4 years risks creating a national security threat
— Asad Umar (@Asad_Umar) September 22, 2017
He also commented on the debt situation and said that the debt and liabilities last year surged by more than $ 9 billion.
PTI Chairman Imran Khan had earlier said the PML-N government has damaged the economy of the country in a way that even its enemies could not have.
He had also referred to Dar as ‘Pakistan’s economic hitman’ and had called for his immediate resignation in light of the National Accountability Bureau (NAB) reference against him.
He had further said that Pakistan was never so heavily in debt as it is today and said the economy of the country has never been this weak.
The PTI chairman had also claimed the debt of the country increased by $ 18 billion after the PML-N government took power and external debt and liabilities increased to $ 80 billion in FY 2016 -17.
Imran had further said that tax revenue was only increased by the government by increasing taxes on basic good.
