Miftah Ismail expresses resolve to make no stone unturned to overcome economic challenges confronting Pakistan

ISLAMABAD, April 12 (SABAH): Pakistan Muslim League-Nawaz (PML-N) leaders say Pakistan Tehreek-e-Insaf’s wrong economic policies have led to a projection of 6,400 billion rupees in the current budget deficit.

PML-N leaders Dr. Miftah Ismail Ahmed, Muhammad Zubair and Senator Dr. Musaddik Malik claimed this while talking to media in Islamabad on Tuesday afternoon.

Miftah Ismail said expenditures are likely to go beyond 9,500 billion rupees, which is unprecedented in the history of Pakistan.

He said the total debt from 1947 to 2018 was 25,000 billion rupees, whereas PTI Government took 80 percent of the total debt in just three and half years.

He said primary deficit is being projected as 1650 billion rupees.  He said trade deficit is expected to touch the figure of 45 billion dollars, which is all time high in the history of Pakistan. He said foreign exchange reserves are also depleting with growing Current Account Deficit.

Miftah Ismail said it is top priority of the new government to stabilize depleting foreign exchange reserves. He expressed the resolve to make no stone unturned to overcome the economic challenges confronting Pakistan.

Musaddik Malik said Pakistan’s income is reducing, while expenditure is on the rise. He said this economic meltdown is because of the poor polices of the PTI government. He said rupee’s value has slashed to half. 

Muhammad Zubair also criticized the economic policies of the outgoing government and vowed to make maximum efforts to put the country on the path of economic development and progress.