Imran fears new wave of inflation will hit countrymen

Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan fears that a new wave of inflation will hit the countrymen if Pakistan joins the International Monetary Fund (IMF) programme, adding that the country will be default without the programme.

He further said that the country was passing through the most critical time of her history, and is in doldrums situation.

Imran expressed these views while addressing a press conference at his Zaman Park residence, Lahore on Sunday. Dr Sania Nishtar also accompanied with him.

The PTI chairman maintained that the imported government had no option other than approaching the IMF, otherwise the country would enter default.

He urged the nation should fight the challenges, adding that ‘thieves’ had been imposed on the country and they would fight together to stop them.

Khan said that his life was also under threat but he was in the country and had not and will not leave the country.

Also Read

Qamar Bajwa’s setup still active in establishment, says Imran Khan

MQM being united, BAP merged into PPP, says Imran. “Hussain Haqqani campaigned...

“I want to give a message to the nation in this difficult time. Nearly 750,000 Pakistanis left the country. I want to tell them to fight the crisis instead of leaving the country in a difficult time.”

On the occasion, Dr. Sania Nishtar informed about the rehabilitation activities of flood-hit people in the country.

She said that overall Rs4.6 billion are presently deposited in the bank account and the details are also available on the website.

Dr. Nishtar said, “We have allocated Rs1 billion for Sindh and waiting for the data. The funds will be transferred to Sindh immediately after we get data of flood affectees from the provincial government. We have planned to distribute funds among 40,000 flood victims in Sindh.”

She clarified the variation in the number of funds collected from the telethons. She said, “People are questioning about only Rs4.6 billion funds despite the announcement of Rs15 billion. Some people announced to fund but they have to spend the money by themselves.”

Sania Nishtar said that the transactions worth Rs4.3 billion failed which were made by overseas nationals. She added that people in foreign countries faced difficulties to transfer funds to Pakistan, whereas, 15 per cent of transactions were cancelled due to non-completion of the verification process.

She said that the limit of a transaction was $10,000 in the telethon but an additional amount was transacted which result in blocking by the banks.

Later, Imran Khan criticised the rulers, who ended their corruption cases since came in power, adding the PTI government in April was toppled under a conspiracy when the government was performing excellently on the economic front.

He reiterated that fresh elections will bring stability to the country.

Highlighting the PTI’s efforts for assisting the flood victims, Khan said that he collected donations to help the flood affectees. He detailed that the Khyber Pakhtunkhwa (KP) government constructed bunds (embankments) by spending millions of funds to stop the flooding of cities.

The PTI government had constructed Right Bank Canal to Sehwan but the canal project was not continued by the Sindh government which resulted in the flooding of several cities. Khan said that PTI had decided to distribute Rs1 billion in funds for the flood victims of Sindh but the provincial government is not providing the victims’ data.