STAFF REPORT
LAHORE: Pakistan’s major political party, Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan, on Sunday pilloried the incumbent coalition government on its economic policies and the looming threat of a default.
While addressing a news conference in Lahore, Imran Khan compared the PTI government’s performance with that of the Pakistan Democratic Movement (PDM) government.
Imran Khan said that the reason for his media talk was to aware the people of the direction that Pakistan is heading in. He said that if they don’t raise their voice, then Pakistan will experience something it has never before, and the country is going to default.
Imran Khan warned that all the funding from abroad would stop if the current policies continued. He said the ruling elite does not “care if the country defaults because their money is stashed abroad in the form of dollars.” “But the circumstance of a default is worrying for the common man,” he added.
Consequences of economic default
“An economic default will be a very huge loss for the country. No one will invest in Pakistan and no overseas Pakistani will be ready to invest in Pakistan.”
He recalled that the dollar rate was Rs178 when he was ousted as the prime minister. “Today we can’t even purchase dollars for Rs250.”
The PTI chief claimed that when he came into power in 2018, he had inherited a fragile economy but had turned it around, only to see his work undone by the present setup.
Billion-tree tsunami project
Imran Khan said the billion-tree tsunami project was appreciated worldwide. He said the then British prime minister Boris Johnson mentioned his name and his government’s climate change program at the United Nations.
Imran accused the mainstream media of looking the other way on critical issues and instead focusing on minor issues.
