PTI digging hole in economic ship as country’s 1/4th wealth lost in ten months: PPP MPA
KARACHI, June 18: Pakistan Peoples Party MPA Surendar Valasai today alerted the people of Pakistan that the PTI government was digging a huge hole in the economic ship as 1/4th of the country’s wealth has been wiped out during the ten months of PTI’s misrule.
“Pakistan is under massive economic attacks by PTI government since it was selected and urged for prompt action before the damage goes beyond repairs,” he stated while participating in the budget debate in Sindh Assembly on Tuesday.
PPP MPA pointed out that as per the World Bank and Credit Suisse records the total wealth of the country stood at $422 billion when Imran Khan was selected was Prime Minister. The dollar was equal to 120 rupees then but now it was hard to find even for Rs160 in the open market. This is almost 45pc of depreciation of rupee and the country’s total wealth value has crumbled to $316.5 billion dollars thus more than 100 billion US dollars have either gone down the drain or been pocketted by the evil genious in and around PTI circles just in ten months, he added.
Surendar Valasai said that PTI’s is the only government which met not a single economic target as per the Economic Survey unveiled this month. Economic Growth rate was recorded at meager 3.3%, which is lower than Afghanistan, Bangladesh and Bhutan while Ethiopia, which was known for stark poverty some decades ago has more than triple economic growth of our country.
He said that PTI government has unleashed a victimisation campaign against the PPP and other Opposition parties to hide its economic crimes against the nation adding that arrests of President Asif Ali Zardari and Faryal Talpur were part of this vandetta drive.
He appreciated the Sindh Chief Minister Murad Ali Shah and his Cabinet members for presenting a balanced, poor-friendly and development-oriented budget in the province under the guidelines of Chairman PPP Bilawal Bhutto Zardari despite the depressive economic conditions and reduced federal transfers.