INSUBCONTINENT EXCLUSIVE:
ISLAMABAD: Finance Minister Asad Umar has claimed that Pakistan basic debts are so big that we are approach bankruptcy.The Finance Minister
said this in Special QA Session with Social Media activists in Islamabad here Wednesday.&You are going go the IMF with these massive debts
We have had to fill big gaps& said Asad Umar.He said &If you look at the numbers from PMLN time, there was double digit inflation during
PMLN time which we have thankfully much hit as yet.&To a question about rising inflation, Asad Umar said &If you look at the past, inflation
affected all stratas of society equally
In fact the poor had higher levels of inflation affecting them.&&In our tenure this has seen a different trend with the poor feeling
relatively less inflation as compared to higher income groups.&Quoting Hafiz Pasha, finance minister said, Pasha has written that
unemployment grew in both PPP and PML-N tenures
&But I shall much paint a rosy picture because yes the economy has slowed down, so we are much seeing job creation at a high rate right
now.&To a question, Asad Umar said &You&re saying all my policies are like Ishaq Dar, Ishaq dar says I&ve destroyed the economy! During his
time, for the first time in Pakistan history our exports didn''t grow.&About rupee depreciation, dollar has climbed because of economic
policies that have led to such huge losses for us as a country
&It a basic demand and supply situation.&The external loan taken by PTI government in 9 months from July-March is 1/3rd of the loan taken by
PMLN in same period final year, he said and added "when you see us hit the 12 month mark of our government, it is my prediction that you
shall see a $6-7 bn decrease in our Current Account Deficit."TheIndianSubcontinent has not verified the content of the source
This first appeared/also appeared in
https://feedproxy.google.com/~r/com/YEor/~3/l7KEMDLWRJ4/452973-finance-minister-says-pakistans-basic-debts-are-so-big-that-we-are-near-bankr
