PML-N intentionally destroy economy before leaving govt: Hammad

By: News Desk      Published: 01:30 AM, 25 Aug, 2020
PML-N intentionally destroy economy before leaving govt: Hammad
Federal minister Shibli Faraz (L) and Hammad Azhar at a press conference.

Federal ministers Shibli Faraz and Hammad Azhar told a press conference on Monday this was the first time in the history of Pakistan that every minister presented his performance report in person. 

Criticising the opposition, Federal Minister for Information and Broadcasting Shibli Faraz said the opposition had no excuse for its incompetence and their words were without action. He said that now every poor citizen could go to hospital for free treatment. He said people of Peshawar were happy with the bus rapid transit project. 

Federal Minister of Industries and Production Hammad Azhar said that no government ever ordered an investigation into the sugar crisis in the last 35 years. He said the incumbent PTI government did this job and ordered an investigation into a Rs2.5 billion subsidy. He said the PTI would steer Pakistan out of the FATF grey list. He said that exports did not increase during the tenures of previous governments, but under the PTI, exports registered a six percent increase July alone. 

Hammad said the government was taking the economy forward very carefully. He said that noose was being tightened around the cartels and monopolies. He said the last PML-N government intentionally pushed the economy to the verge of destruction. In the last tenure of the PML-N, he said, repayable foreign loans increased from $5 billion to $10 billion. He said that Moody’s downgraded Pakistani economy’s rating during the PML-N government.

Hammad said that Pakistan was put on the grey list by the FATF during the tenure of the PML-N. He said the PML-N destroyed the economy to make sure that the new government cannot run the country. He said that Pakistan's current account will be surplus in next July. He said that Pakistan’s foreign exchange reserves will increase by $4 to $5 billion.