Govt clueless about economy, says Bilawal

PPP chairman says ‘PM Select’ is pushing country towards economic meltdown


Our Correspondent October 20, 2018
PPP chairman says ‘PM Select’ is pushing country towards economic meltdown. PHOTO: FILE

KARACHI: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari has said that the Pakistan Tehreek-e-Insaf (PTI) government seems totally clueless about economy.

“This government has no sense of direction when it comes to the economy. Those who claimed they will break the begging bowl are now asking for the biggest loan in Pakistan’s history,” said Bilawal in a statement on Saturday while reacting to the government’s announcement of approaching the International Monetary Fund (IMF).

He said the country was facing a worst economic crisis when the PPP came to power in 2008 but “we still managed to keep the inflation rate low as we do not believe in burdening the poor”.

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Bilawal slammed the incumbent government, saying it had given the public nothing but price hike. “Those who claimed they would give relief to the nation are actually snatching away the rights of the poor,” he said.

He said when the PPP was in government, oil prices in the international market were at $148 per barrel, “but we did not increase the prices” in the country.

“It is apparent that the ‘PM Select’ has done no homework,” said Bilawal, adding that the incumbent government’s policies could lead to an economic meltdown as inflation rates were feared to rise to 14%.

“Imran Khan’s Naya Pakistan is turning out to be a nightmare for the people of Pakistan,” he said. “This government has promised to build five million homes but it seems as if they will take everything away from the poor.”

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