Observer Report Karachi
Prime Minister Imran Khan has enslaved the whole nation to the international lenders and put the country’s future at stake, PPP Chairman Bilawal Bhutto said Thursday.
Bilawal, in a statement, said Imran Khan is carrying a “begging bowl” to Washington, Riyadh, Dubai, and Beijing, “tarnished” the country’s prestige.
He said the prime minister was putting the country at risk for generations to come by running the state’s economy on loans.
“In 2021 alone, the selected PM has borrowed 10 billion dollars with a sharp increase of 35%. This … PM has overseen Pakistan’s external debt increasing to $116 billion from $95 billion with the increase of $21 billion,” he said.
“Pakistan will never be able to repay these debts, even if all national assets are mortgaged to our creditors. This puts Pakistan in a precarious position, from which the country might not recover.”
The PPP chairman said people may not realise it now, but the next generations would suffer under the burden of this vast accumulated debt. “To add insult to injury, the federal cabinet — which happens to be the epitome of corruption — is squandering this borrowed money.
The cabinet and the PM’s crony capitalist mafias are embezzling money from the public exchequer,” he added.
Bilawal warned the prime minister to pay heed to the plight of the underprivileged and must see what he has done to the common salaried class and the daily-wage earners who can no longer feed their families because of the skyrocketing inflation.