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Pakistan People’s Party (PPP) chairman Bilawal Bhutto Zardari on Sunday criticized Imran Khan’s government for blaming the inflation on the International Monetary Fund (IMF).
He said Imran Khan’s government cannot cover up for its inefficiency by blaming the IMF for inflation, The Frontier Post reported.
Bilwal was responding to claims by Finance Minister Shaukat Tarin, who said the IMF forced Pakistan to raise interest rates and electricity prices, which doubled the cost of debt servicing and pushed the inflation on the rise.
On June 3, Finance Minister Shaukat Tarin claimed that the IMF had forced Pakistan to take certain measures that pushed inflation up.
Bilawal asked, “If India could overcome inflation of 4.20% and Bangladesh could do the same at 5.54%, during the Covid pandemic, why was the ratio 10.9% in Pakistan?
He said the government put the nation’s sovereignty at stake by signing a deal with the IMF on tough terms, The Frontier Post reported.
He alleged: “The mafia working under the supervision of Imran Khan has increased the prices of chicken by 110% in the past three months.
He said an ordinary man had no money, criticizing the prime minister for “planning to hand over billions to Pakistani lawmakers in Tehreek-e-Insaf (PTI) in the next budget,” The Frontier reported Post.
He added: “The allocation of 96 billion rupees to PTI lawmakers amid the worst economic crisis is [an] anti-people [step]. Instead of handing out billions to elected officials through rigging, the Prime Minister should spend the money from the public purse for the well-being of the people. “
Bilawal said the government has remained unable to deliver on its five-year economic plan. “If the policy of the PTI is to plan the economy on IMF guidelines, then the prime minister should openly tell people that he came to power without any planning.”
Previously, Pakistani opposition parties criticized the federal government’s announcement of the country’s gross domestic product (GDP) growth, estimating it to reach 3.94 percent in fiscal year 2020-2021.
(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)
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