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PTI laid economic landmines to discredit successors, says Pakistan Economy Watch

| @indiablooms | May 07, 2022, at 04:20 pm

Islamabad: The Pakistan Economy Watch (PEW) has said former Prime Minister Imran Khan-led government has laid economic mines for the present government which is becoming difficult to deal with.

The former government announced a huge subsidy on electricity and oil in its last days which is costing up to three billion rupees daily, it was quoted as saying by The Nation.

In addition, the previous government deliberately planned to reduce oil and gas in the country to tarnish the image of the new government, but their decision is also hurting the people, Dr Murtaza Mughal, President PEW, was quoted as saying by the newspaper.

He said that despite the agreement with the IMF, the government was not ready to withdraw the oil subsidy as it would provoke a public backlash.

Murtaza Mughal told the newspaper that any friendly country except China and no international lender including IMF and the World Bank, will lend to Pakistan unless the US wanted it.

He added that the investigation into the multi-billion rupee under-invoicing scam in which a prominent businessman linked to PTI will remain inconclusive.

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