No development despite record debt, says Shehbaz

No development despite record debt, says Shehbaz


Staff Report

LAHORE: Pakistan Muslim League (Nawaz) President and opposition leader in National Assembly Shehbaz Sharif has lamented the government’s plan to unleash another tsunami of inflation from December, saying the government has traded Pakistan’s economic sovereignty with IMF.
In a statement issued on Wednesday, Shehbaz deplored the government plan to increase prices of commodities in next month saying the government had ruined the country’s economy.
“There is no gas and electricity in the country and prices of flour, sugar, ghee and other commodities are on the rise,” he censured the government.
He regretted that the country’s debt had reached the historic highs but with no signs of visible development.
He was of the view if the government could not obtain loans from the State Bank of Pakistan, then it would be in the dire situation.
Shehbaz bemoaned that though the present government would soon be ended, but it would entangle Pakistan in such a bad economic morass that it would become difficult for the country to come out of it.
The present government’s motto is: “Plunderand run away”, the PML-N president added.