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Pakistan: PTI, PML-N exchange barbs over economic mess Pakistan Economic Crisis
Representational image by Abuzar Xheikh on Unsplash

Pakistan: PTI, PML-N exchange barbs over economic mess

India Blooms News Service | @indiablooms | 13 Jun 2022, 11:52 pm

Islamabad: Pakistan's ruling Pakistan Muslim League-Nawaz (PML-N) and ousted Pakistan Tehreek-e-Insaf (PTI) recently exchanged barbs over the economic mess in the country.

The parties criticised each other two days after the budget was formally presented in the National Assembly.

Earlier, Information Minister Marriyum Aurangzeb took to Twitter to share a video clip of a news package featuring former finance minister Shaukat Tarin.

The clip was of a press conference Tarin held yesterday, in which he was quoted as saying by Dawn News: "They (government) say ever since Pakistan was formed they (PTI) have raised debt by 80 per cent. It did not increase by 80 percent in the [four] years [of PTI rule]. It grew by 76 percent."

Referring to those remarks, Aurangzeb said: "At last, Shaukat Tarin has admitted that Imran Khan took out loans worth Rs20 thousand billion during his four-year tenure, which is 76 per cent of the loans taken out in Pakistan's history."

She was quoted as saying by Dawn News that more such "admissions" would follow.

Finance Minister Miftah Ismail then said: "Total public debt under PTI went from Rs 24,953bn to Rs 44,366bn, an increase of 78pc. And total debt plus liabilities went from Rs 29,879bn to Rs 53,544bn, an increase of 79pc. The PTI has added 79pc in 3.75 years of all debt + liabilities added in the previous 71 years."

PTI's Fawad Chaudhry, meanwhile, said their government took out loans of $52bn of which $38bn was to pay back the loans taken out by the previous governments. "If you do not like the agreements made with the International Monetary Fund (IMF), then why does the poor government go to the board?" he asked as quoted by Dawn News.

In a later Tweet, he also gave a breakdown of Pakistan's external debt, saying it was $45bn from 2008-09, $70.5bn from 2018-19 and $88bn till March 2022.

Responding to Aurangzeb, Chaudhry said she was bound to make such uninformed remarks when she spent all her time "playing Candy Crush" — a mobile phone game. Yesterday, he claimed the government was not serious because Aurangzeb was "playing video games" during the post-budget press conference.