‘100 Days of U-Turns’: PML-N issues white paper on PTI’s performance

Marriyum claims govt has already signed agreement with IMF


Staff report


The Pakistan Muslim League–Nawaz (PML-N) on Friday issued a white paper ‘100 Days of U-Turns’ on the performance of the Pakistan Tehreek-e-Insaf (PTI) government.

During a news conference, the PML-N leaders brought up the recent all-time hike of the dollar hitting Rs142 in the interbank market.

Former prime ministerShahidKhaqanAbbasi said the rupee had depreciated to the lowest point in history.

Abbasi said that in the previous government’s tenure, fiscal policies were widely appreciated.

“Prime Minister Imran Khan still cannot believe he is in power even after passing of 100 days,” the senior PML-N leader said while criticising the government’s performance.

Abbasi said that the value of rupee depreciated after the prime minister’s address on Thursday.

He said that nothing was said about the tax evaders, adding that those who don’t pay taxes weaken the system.

The PML-N leader spoke on the money laundering allegations saying that the government has so far failed to provide proof.

“The government should adopt the fiscal reforms introduced by Miftah Ismail to stop money laundering and theft,” said Abbasi.

Former PM said that the way inflation has increased recently was not witnessed earlier, adding: “Due to the dollar rate hike, the loans on Pakistan have increased by rs600 billion.

PML-N leader AhsanIqbal said that the prime minister had said that he will end corruption within 90 days.

“Despite passing of 100 days, the premier hasn’t learnt the rules of business,” he added.

Earlier, the prime minister spoke on the dollar reaching an all-time high and said that his government was taking steps to ensure that a shortage of dollars would not exist in the future.

The prime minister said he had been receiving calls since morning about the hike in the dollar price.

“I want to tell everyone not to worry about the dollar hike. There is an adjustment taking place. We are taking steps which will ensure that there won’t be a shortage of dollars in Pakistan.”

The prime minister highlighted that Pakistan’s biggest problem was the current account deficit which stood at almost $18.5 billion.

Further, the State Bank of Pakistan is set to announce its monetary policy and the market expects an increase in the interest rate which could be reflecting on the dollar rate.

The current policy rate is 8.5 per cent.

The latest devaluation of the rupee has taken the total debt owed by Pakistan to Rs760 billion.

Meanwhile, the Pakistan Muslim League-Nawaz (PML-N) spokesperson and the former federal minister for information and broadcasting Marriyum Aurangzeb said that increase in the value of dollar had proved that the government had accepted all the terms and conditions of the International Monetary
Fund (IMF).

Reacting to hike in the value of dollar against the rupee, she said in a statement issued here on Friday that the government had signed an agreement with the IMF and it had lied to the nation.

She further said that people should be told on what conditions an agreement had been signed with the IMF.

Aurangzeb alleged that Finance Minister Asad Umar had “lied and deceived” the nation during ceremony organised to mark 100 days of the Pakistan Tehreek-e-Insaf (PTI) government.

Now another major “robbery” committed by this “fake” government has come to fore overnight, she said.

Worst form of inflation will follow the hike in the value of dollar, Aurangzeb said. She demanded that Imran Khan-led government should step down for “lying and deceiving” the people.Aurangzeb said it had been proven that running the government and solving the problems of the general public was out of the capacity of the PTI government.

“Time and current situation bear testimony that the government of ‘hen and eggs’ will not run”, she said.