Islamabad July 30 2022: Imran Khan, the former prime minister of Pakistan, left the energy sector of the country in serious mess as circular debt touches Rs 4,000 billion says Pakistan finance minister Miftah Ismail.
“When Imran Khan came to power the rupee was 122. When he left it was 190. When he came, Pak owed Rs 25,000 billion. When he left we owed Rs 44,000 billion.” Says Pakistan Finance Minister Miftah Ismail.
He added, “In his last year Pak imported goods worth $80 billion and ran the nations highest trade deficit. In each of his 4 years he ran the highest budget deficits in our history.”
He further says, “Imran Khan left the energy sector in a serious mess. With no provision or contracts for gas or fuel, and circular debts of Rs 2500 billon in power and Rs 1500 billion in gas. Last year alone, addition to power circular debt was Rs 850 billion.”
Miftah says, “When he broke the IMF agreement to give his friends/ATMs another tax amnesty & set up a fuel subsidy trap for the next govt, he drove Pak towards bankruptcy. We are the ones who have picked up the pieces at the cost of our political capital. We have saved Pakistan from default and are proud of it.”
He added, “From Toshakhana watches to foreign funding to giving confiscated £190 mil back to demanding jewellery to Farah Khan wielding power & taking bribes, we know who is the real thief. We know who is corrupt, untruthful & incompetent. IK and IK alone is responsible for this mess.”