News

Economic Survey 2021-2022: Former prime minister lashes out at government

June 9, 2022 08:40 PM


Former prime minister Imran Khan lashed out at the ruling coalition over the Pakistani Economic Survey for the fiscal year 2021-2022  – unveiled a day before announcing the annual budget, 24NnewHD reported Thursday.

The coalition government noted noting the country saw a growth of 6% against the envisaged target of 4.8%. The government blamed the economic crisis on the last government. PTI Chairman Imran Khan said Pakistan was unable to produce electricity as it imports coal and LNG. 

https://www.youtube.com/watch?v=muekrtWdlu8&ab_channel=24NewsHD

He claimed that the incumbent government was not giving the coal and LNG to the projects that they had set up in their previous governments.

The former prime minister said the current power generation projects have been operating at 25% capacity. He added that they have not gone at full capacity because the country does not have the money to import the coal, adding that load shedding in the country is also there because of this reason. 

The PTI chairman claimed that the “10 dam projects” launched by his government had come under threat as Wapda’s credit rating has gone down since Shehbaz Sharif came to power.

 Imran stressed that due to the decrease in the credit rating of Wapda the authority is unable to get the loans required for building the dams. “Government’s rating itself has gone down, Moody’s has decreased Pakistan’s credit rating this means people will give us loans on high interest,” said the PTI chairman.

“Two threats” that have come forward since the new government came forward was that it has become difficult for Pakistan to take loans.” He added that in turn, this has put the dam projects launched by the PTI under threat which would make it difficult for Pakistan to increase its water storage capacity.



Most Read

  1. Farmers can apply for Bardana through App from Saturday as Punjab starts wheat procurement campaign Farmers can apply for Bardana through App from Saturday as Punjab starts wheat procurement campaign
  2. Adil Raja loses pleas to dismiss Naseer’s defamation suits Adil Raja loses pleas to dismiss Naseer’s defamation suits
  3. Punjab students asked to get registered for getting petrol, e-bikes Punjab students asked to get registered for getting petrol, e-bikes
  4. Star woman cricketer Aliya Riaz ties the knot with Ali Younis in intimate Nikkah Ceremony Star woman cricketer Aliya Riaz ties the knot with Ali Younis in intimate Nikkah Ceremony
  5. ASF official who misbehaved with girl at Karachi airport likely to face music ASF official who misbehaved with girl at Karachi airport likely to face music
  6. Amir Tanba, linked to Indian spy Sarabjit Singh's jail killing, killed in Lahore Amir Tanba, linked to Indian spy Sarabjit Singh's jail killing, killed in Lahore

Opinion

  1. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  2. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  3. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  4. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  5. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  6. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer