In a scathing critique of the previous government’s economic policies, senior Pakistan Muslim League-Nawaz (PML-N) leader Ahsan Iqbal revealed on Sunday that Pakistan needs a staggering Rs. 7.3 trillion to repay existing loans.
Addressing a gathering in Narowal, the former federal minister expressed grave concerns over the country’s reliance on borrowing, stating, “The whole country is depending on loans.” He emphasized that continuously taking on more debt is an unsustainable approach.
Iqbal lambasted the founder of the Pakistan Tehreek-e-Insaf (PTI), Imran Khan, for the dire economic situation Pakistan finds itself in today. “The country urgently needs to boost its economy,” he stressed, underscoring the importance of addressing the economic challenges and reducing dependence on loans for a stable financial future.
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The startling revelation of Pakistan’s massive debt repayment obligations highlights the daunting task facing the current government in steering the nation’s economy back on track. Experts warn that failure to address the mounting debt crisis could have severe consequences for Pakistan’s economic stability and growth prospects.
Opposition parties have seized on Iqbal’s remarks, accusing the previous PTI-led government of fiscal mismanagement and plunging the country into an unprecedented debt trap. The ruling coalition, however, maintains that it inherited an economic mess and is working tirelessly to rectify the situation.
As the debate over Pakistan’s economic woes intensifies, all eyes are on the government’s proposed measures to tackle the debt crisis and revive the ailing economy. The nation eagerly awaits concrete steps to address the challenges and pave the way for a more prosperous and self-reliant Pakistan.
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