News

Ishaq Dar slams govt for fudging with economic figures

January 22, 2022 01:50 PM


Twitter Share Facebook Share WhatsApp Share

Former finance minister and senior PML-N leader Ishaq Dar has rejected the PTI government’s growth rate claiming that the government has fudged with the figures in order to show a rosy picture of the economy while in truth the economy is dwindling, reported 24NewsHD TV channel on Saturday.

In his latest twitter video upload, Ishaq Dar exposed the falsehood of the government claim regarding growth rate. He said the government had changed the base year in a bid to show higher GDP rate. He said the government altered the base year of 2005-06 with 2015-16. 

https://twitter.com/MIshaqDar50/status/1484519442541338627

He said after this fudging, in the second year of the PTI government the country saw a negative growth i.e. -0.39. It happened for the first time after 1952 that Pakistan registered the negative GDP, he deplored. He said after altering the base year, the growth rate had further declined to -1%. But the government kept the people in dark, he added.

Senator Dar further said that in its third year of reign, where the PTI government after fudging with the base year could show 0.2% improvement in the GDP, the country’s growth rate in the PML-N government’s last year in power i.e. 2018 was raised by 0.6% and the total GDP became 6.1%.

The former finance minister prodded the government whether it had controlled inflation. Now the inflation rate has doubled as the last month the inflation index was recorded 12%, he added.

While slamming the government over its growth claims, Dar questioned how many job opportunities the government had created or had it eliminated poverty, or had it strengthened the Pakistan currency? 

He lamented that the government was destroying Pakistan’s economy and asked it to stop making people fool. 



Most Read

  1. Public Holiday announced in Lahore tomorrow Public Holiday announced in Lahore tomorrow
  2. Hina Rizvi ties the knot with Ammar Ahmed Khan Hina Rizvi ties the knot with Ammar Ahmed Khan
  3. Police claim girl seen in sub-inspector’s video was his second wife Police claim girl seen in sub-inspector’s video was his second wife
  4. Complete results: PML-N sweeps by-elections as PTI-SIC remains empty-handed in Punjab Complete results: PML-N sweeps by-elections as PTI-SIC remains empty-handed in Punjab
  5. Nazish Jahangir to hit any marriage proposal from Babar Azam out of the ground Nazish Jahangir to hit any marriage proposal from Babar Azam out of the ground
  6. Iranian First Lady visits Numl Iranian First Lady visits Numl

Opinion

  1. Islamabad becoming the hub of international diplomacy
    Islamabad becoming the hub of international diplomacy

    By Salim Bokhari

  2. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  3. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  4. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  5. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  6. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay