“If inflation is not controlled, we will get out on the streets,” Imran Khan
Former prime minister and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has warned of street power show if the government does not announce the election date as soon as possible.
Addressing the public, Imran Khan said that, “I am now afraid that the current government has no way to save the country’s economy from melting.”
He said that, today he consulted with his economic team and discussed the current economy crisis, in which the report issued by the International Monetary Fund (IMF) for Pakistan and the World Bank’s statement on the country’s economy were also reviewed.
Economic stability comes with Political stability
Imran Khan said the he is afraid that until political stability comes in the country, no one can stabilize the country’s economy because no country want to provide financial assistance to this imported government of looters.
He said that, “when we got Pakistan, the country had $20 billion of foreign debt but after no-confidence motion when PML N came into power, the foreign debt was $16 billion dollars.
He said that today the current government has also concluded an agreement with the IMF, but the foreign exchange reserves are at $8.8 billion and country has to fulfill additional $22 billion.
“Before No-Confidence motion dollar was at Rs178 and now it’s at Rs238, In PTI’s tenure, electricity was Rs16/unit and today it is Rs36/unit,” Imran Khan added.
Imran shares comparative economic analysis of PTI and PMLN-led coalition govt
Former prime minister said that when PTI was in power, the petrol price per barrel in international market was $103 dollar but his government was giving subsidy to people, but today petrol is at $93 per barrel and the price in the country is at Rs236 per litre.
“The price of flour was 50 rupees per kg, but now the price of flour in Karachi has increased to Rs125 per kg, due to which the common man is suffering,” Khan added.
He further said that, “during our regime, the price of palm oil was $1700, which has now increased to $1000, and the price of ghee was Rs450 per kg, but today it has increased to Rs560 per kg.
PML N’s government’s response to the floods is to beg people for money
PTI Chairman Imran Khan said the PML N’s government has no plan to fight this huge catastrophe in the form of floods which has hit the country. He went on to say that this government’s only response to flood management is to go and beg people for money.