Economic Survey 2021-2022: Former prime minister lashes out at government
June 9, 2022 08:40 PM
Former prime minister Imran Khan lashed out at the ruling coalition over the Pakistani Economic Survey for the fiscal year 2021-2022 – unveiled a day before announcing the annual budget, 24NnewHD reported Thursday.
The coalition government noted noting the country saw a growth of 6% against the envisaged target of 4.8%. The government blamed the economic crisis on the last government. PTI Chairman Imran Khan said Pakistan was unable to produce electricity as it imports coal and LNG.
https://www.youtube.com/watch?v=muekrtWdlu8&ab_channel=24NewsHD
He claimed that the incumbent government was not giving the coal and LNG to the projects that they had set up in their previous governments.
The former prime minister said the current power generation projects have been operating at 25% capacity. He added that they have not gone at full capacity because the country does not have the money to import the coal, adding that load shedding in the country is also there because of this reason.
The PTI chairman claimed that the “10 dam projects” launched by his government had come under threat as Wapda’s credit rating has gone down since Shehbaz Sharif came to power.
Imran stressed that due to the decrease in the credit rating of Wapda the authority is unable to get the loans required for building the dams. “Government’s rating itself has gone down, Moody’s has decreased Pakistan’s credit rating this means people will give us loans on high interest,” said the PTI chairman.
“Two threats” that have come forward since the new government came forward was that it has become difficult for Pakistan to take loans.” He added that in turn, this has put the dam projects launched by the PTI under threat which would make it difficult for Pakistan to increase its water storage capacity.