ISLAMABAD: Pakistan Peoples Social gathering’s parliamentary chief within the Senate Sherry Rehman assailed the federal authorities on Tuesday for “spreading misinformation” about debt aid and never making use of formally for the G20 programme involved.
“Why has Pakistan failed to formally ask G20 for debt relief?” she requested, including that it was alarming that the federal government was deceptive the general public, particularly throughout these testing instances.
Opposite to claims made by the federal authorities about securing a considerable debt aid, International Monetary Fund resident consultant Teresa Sanchez has stated that Islamabad had not made an official request to G20 nations for compensation rest.
“Pakistan should have officially requested G20 nations for debt relief. It is important to point out that only those countries can avail debt relief that make official requests to the G20. In Pakistan’s case, this never happened,” Senator Rehman stated.
“When no official request was made to the G20 nations for debt relief, then why is misleading news circulating in the media that Pakistan will secure $12 billion worth of relief? This will not only cause chaos and confusion inside Pakistan but also embarrass [the country] in the eyes of the international community,” she stated.
The PPP senator additionally censured the Centre over its perspective in direction of parliament. “The federal government had announced emergency relief packages without consulting parliament. Why is the federal government not taking the parliament into confidence? Pakistan’s fiscal position is deteriorating at an alarming rate and parliamentary oversight has become more imperative than ever.”
Commenting on Pakistan’s deteriorating financial situation, she stated: “What is even more alarming is that Pakistan’s public debt has already soared to Rs41 trillion, which is almost equivalent to 93 per cent of our GDP. Before it’s too late, the federal government urgently needs to revise its macroeconomic policies.”
In the meantime, PPP secretary normal Nayyar Bukhari and chairman Bilawal Bhutto-Zardari’s spokesman Senator Mustafa Nawaz Khokhar have demanded a minimize in petrol costs.
Revealed in Daybreak, April 22nd, 2020