Maulana Fazl says people pushed into destitution, country mortgaged to IMF

Jamiat Ulama-e-Islam (JUI-F) Chief Maulana Fazlur Rehman on Tuesday said the incumbent rulers have pushed the people into destitution and mortgaged the country to the International Monetary Fund (IMF).

Addressing a public gathering in Chaman, he said the foreign reserves have plummeted to ‘zero’ as the country has been mortgaged to IMF. JUI-F chief said the government is making Pakistan subservient to global powers through legislation in the Parliament.

Read more: PM Imran threatened armed forces, judiciary in his address before nation: Fazl

Maulana Fazl said that handing over control of banks to global institutions was the same mistake committed by the Ottoman Caliphate. He added that the Caliphate gave control of its banks to the World Bank, and they refused to sanction loans to the government during hard times.

He said the wrong policies of the incumbent rulers have left the Muslims of disputed Kashmir at the mercy of Indian atrocities.

Read more: Maulana Fazlur Rehman’s life is in danger, threat alert issued

JUI-F chief said the border with Afghanistan gets sealed when the people on both sides are willing to trade, adding that foreign investors are hesitating to invest in Pakistan now as the country has been made bankrupt.

Maulana Fazl said China signed agreements worth Rs74 billion with Pakistan but the incumbent rulers ditched seven-decade-long friendship with neighbours.