Islamabad: Finally, Prime Minister Imran Khan admitted that the government does not have money to run the country and therefore has to borrow it from other countries.
While addressing an inauguration ceremony in Islamabad, the Pakistan PM said, “Our biggest problem is that we don’t have enough money to run our country due to which we have to borrow loans.”
Criticizing the people for not paying tax the pauper PM said that the prevailing culture of not paying taxes was a legacy of the colonial period where people disliked paying taxes.
The rising foreign debts and low tax revenue had become an issue of national security, he added.
Imran Khan, who boosted to make Pakistan Riyasat-e-Medina, lamented that the financial condition of Pakistan is that no longer any foreign agencies will give them a loan.
As per reports, the Indian Monetary Fund (IMF) had refused to give a loan of one billion dollars to Pakistan. However, to convince the IMF, the Imran Khan-led government has increased the prices of electricity, petrol, and diesel prices, but he failed to impress the global monetary cooperation.
Now, it seems that Imran Khan has to extend his hands in front of China or Gulf countries once again.
Khan informed that the government got USD 3.8 billion worth of new foreign loans from different foreign agencies in the past four months.
However, the Ministry of Economic Affairs data stated that the borrowing was higher by USD 580 million compared to the loans taken in the same period last year.
Moreover, the pauper PM criticizing the former two governments said that both the government is also responsible for taking a massive loan from the foreign agencies.