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Dar challenges Imran for debate on economic debacle

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Imran Khan Ishaq Dar

Dar challenges Imran for debate on economic debacle. Image: File

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ISLAMABAD: Minister for Finance Senator Ishaq Dar has challenged Chairman Pakistan Tehreek-e-Insaf Imran Khan for debate on the economy, adding that Imran is responsible for economic crisis in the country.

He was addressing a presser in Islamabad on Friday, reacting to the speech of Imran Khan made earlier day.

The Finance Minister said Imran Khan is now defaming the country by spreading false propaganda of default.

He said the country should be kept first and challenges are being managed. He claimed the inflation reached historic high during the PTI government’s tenure and the rupee depreciated due to failed economy policies.

Reacting to Imran Khan’s latest statement, the Finance Minister said his speech was incorrect and devoid of economic context.

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Eelier, delivering a speech while addressing the inauguration ceremony of the Green Line Express Train service in Islamabad on Friday, Dar termed Allah Almighty responsible for Pakistan’s development and prosperity.

Expressing these spiritual and religious views for the remedy of economic owes of the country, Dar said Pakistan is the only country in the world, which was founded in the name of Islam, “If Allah can create Pakistan then He can also protect, develop, and make it prosper”.

The finance minister said, “They are trying their best to improve Pakistan’s condition under Prime Minister Shehbaz Sharif’s leadership”.

Dar reiterated the incumbent government inherited several problems from the previous government led by Imran Khan, adding, the government was working day and night.

“The team is trying to improve the situation ahead of the elections.”

He said the country is still suffering due to the “drama” that started five years ago and insisted that the economy was strong during former prime minister Nawaz Sharif’s tenure from 2013-2017.

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The finance minister claimed that Pakistan Stock Exchange was the best-performing capital market in South Asia and ranked fifth in the world during Nawaz Sharif’s era and the sights of the world institutions were set on it.

Dar said that Pakistan was now paying the price for the “Panama drama”, the ouster of the PML-N government, and similar issues it faced over the last five years.

“Pakistan was on the growth track during Nawaz’s tenure, but it was derailed,” he said.

“People can see the destruction the country suffered in the last five years, and they know who has delivered in the past,” Dar added.

He said the Pakistan Muslim League (Nawaz) government left the Gross Domestic Products (GDP) growth at 6.10 percent in 2018, which Imran Khan’s government brought to “negative growth”, adding that PML-N’s government left the GDP at $356.8 billion in 2018 with an increase of $122 billion.

“During our previous government, international rating agencies were predicting Pakistan to join the G-20 by 2030,” the finance minister said.

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Dar said that Imran Khan’s speech was full of “lies” and the latter presented “concocted false economic figures” of the current government, which were not based on reality.

He said that today’s economic crisis and inflation were due to the wrong economic policies of Imran Khan’s government.

The finance minister said that “we had a choice to save the country or our politics, but we sacrificed politics for the sake of the country”.

He said the per capita income was $1798 during PML-N previous government, which went to $1768 in the PTI government.

He said that the inflation rate was 8.6 percent in the former PML-N government, which came to “double digits during the PTI era”.

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“Along with this, food inflation was 2 per cent during the last PML-N regime, which reached 12 percent during PTI’s tenure,” he added.

He said during Imran Khan’s regime, the foreign direct Investment was non-existent, which had reached $2,000 million during the PML-N government.

The minister said that Imran Khan continued to “tarnish the image of the country in his speeches during foreign visits”, asking “how can investment come in the country” [with such approach]?

He said Current Account Deficit in the PML-N previous government was $19.2 billion, which was due to the PML-N efforts to end the menace of terrorism and load shedding.

“Remember that at that time there were 18 hours of load shedding in the country which was abolished by the PML-N government,” he recalled.

He said the country’s export and COD improved during the PML-N former government.

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The minister said that “Imran Khan’s former government destroyed the country’s economy and damaged the country’s image and economic credibility”.

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