GDP shrank by $51b, per capita income by $286 under PTI: Dar
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Blasting the PTI over its economic policy failure and the current status of the economy in Pakistan, former finance minister Ishaq Dar on Thursday said the national GDP had been shrunk by $51 billion and the per capita income by $286 in the first two years of the current government.
The GDP stood at $315 billion by the time the PML-N had left the government in 2017-18, but the PTI reduced the same to $279 billion in the next financial year, he said in a tweet.
قومی مجموعی پیداوار یعنی GDP کا حجم کسی بھی ملک کا سب سے اہم معاشی اشاریہ ہوتا ہے۔#PMLN نے 315 $ ارب پر GDP چھوڑی، #PTI پہلے سال اس کو کم کر کے 279 $ ارب پر لے آئی اور رواں مالی سال میں PTI اسے 264 $ ارب پر لے آئی۔ یعنی 51 $ ارب یا 8,500 ارب روپے کا GDP میں نقصان۔ #معاشی_تباہی— Ishaq Dar (@MIshaqDar50) May 20, 2020
Dar added that the PTI government during its second year in the office had reduced the GDP further to $264 for the current financial year.
In another tweet, the PML-N leader discussed the per capita income, saying it was $1,652 in 2017-18 after the five-year tenure of his party.
پاکستانی عوام کی فی کس آمدنی #PMLN نے 1,652 ڈالر پر چھوڑی جو #PTI کی حکومت پہلےسال میں 1,455 ڈالرپرلے آئی اور اب دوسرےسال میں یہ 1,366 ڈالر فی کس متوقع ہے۔اس کامطلب ہےکہ فی کس آمدنی میں 2سالوں میں 286 ڈالر یا 48,000 روپے کی کمی ہوئی۔یہ 7سال کی کم ترین فی کس آمدنی ہے! #معاشی_تباہی— Ishaq Dar (@MIshaqDar50) May 20, 2020
But the per capita income was reduced to $1,455 in the first year of PTI government and expected to be $1,366 in the second, he mentioned.
“It means there has been $286 or Rs48,000 reduction in per capita income in two years. It is the lowest per capita income in seven years,” said Dar.
Earlier, he mocked Prime Minister Imran Khan and Adviser on Finance Abdul Hafeez Sheikh for sharing different over subscription number in connection with the sukuk bonds, saying the two should decide who was correct.
Let Imran Niazi & Hafeez Shaikh decide correct over subscription number: 70% or 170% 😄 pic.twitter.com/DJGrYNTOOB— Ishaq Dar (@MIshaqDar50) May 20, 2020
Previously, Dar had noted an alarming rise in food inflation in both urban and rural areas as well as depreciation of rupee.
He had quoted the government’s figures and said food inflation in urban areas had risen by 10.4 percent and by 12.9 percent in rural areas during the month of April.