Rejecting the mini-budget of Ishaq Dar, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said it will bring a new wave of price-hike in the country, reported 24NewsHD TV channel.
Addressing the people through a video link, the former prime minister claimed that Pakistan is on the verge of default like that of Sri Lanka.
He said that the default risk was only 5% during the PTI government.
He added the Fitch rating agency downgraded Pakistan’s long-term foreign currency issuer default rating (IDR) to ‘CCC-’ from ‘CCC+’ and compared the economic situation of Pakistan with Sri Lanka.
He said predicted that there will be a 40 percent increase in the edible after the approval of the mini-budget.
He said that gas and electricity prices will further increase after the mini-budget. Moreover, the government also hiked the sales tax which will increase the prices of all commodities.
Khan slammed the ruling collation for doing nothing to control inflation.
He recalled that PDM parties had organised massive anti-inflation rallies against the PTI government but they are now failed to stop the skyrocketing inflation.
Imran said that farmers should brace for more financial hardships as the government ends subsidies on power tariffs for tube wells. He said that the inflation rate was standing at 12% during the PTI government which is now soared to 30% and is hiking day-by-day.
The former premier said that the IMF loan is not the solution to the economic crisis but it will increase debts. He reiterated the demand for elections to address the national issues as a government holding a public mandate would bring reforms and take difficult decisions.
PTI chief said that the incumbent government is only focused on making cases against PTI leaders and their arrests. The PTI chief asked the rulers to not destroy the country just to oust Imran Khan from national politics.
The former premier Khan predicted that after availing package of the IMF, the financial crisis of the country would not be lessened. Khan said that the economic woes will intensify even if Pakistan manages to sign an agreement with the IMF.
Imran Khan said that only a free and fair election is the solution to the present political anarchy of the country.
“Only a stable political elected government can get the country out of the current economic quagmire.”
Imran Khan again criticized the former army chief general retired Qamar Javed Bajwa and said he violated his oath.
Khan criticised that constitutional violations are being made by delaying the Punjab elections despite the clear orders of the Lahore High Court (LHC) but the Election Commission of Pakistan (ECP) is rejecting to conduct the polls.
He said that PTI can also shut down the whole country by protesting everywhere but they choose a peaceful movement, ‘Jail Bharo Tehreek’. He asked the nation to prepare for peaceful movement against the current rulers.
Imran Khan said that the current rulers do not have any plan which led the country to more crises.
He criticised that the ‘gang of thieves’ were imposed on the country which prioritised the dissolution of their corruption cases and targeted PTI leaders.
Khan said that he has already warned about the situation the country is facing today. He continued that he has asked everyone that elections are the only solution to all issues after the ouster of the PTI government.
“Only a government holding public mandate can take difficult decisions to end crises. The new government cannot resolve the issues. Economic stability is impossible without political stability.”
He criticised that the ‘gang of thieves’ were imposed on the country which prioritised the dissolution of their corruption cases and targeted PTI leaders.