Bilawal Bhutto terms upcoming budget as 'political'

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari has said Thursday that PTI's budget is not public rather political hence the PPP refuses to accept the selected budget of the selected government.

In his statement, Bilawal Bhutto said that Imran Khan s government has caused a loss of up to Rs 1000 billion to the national exchequer just by altering the interest rates.

He said that Imran Khan facilitated the remittance of $2 billion of certain investors from outside the country and then returned the money by fixing the interest rate at 13.25 % hence causing Rs 300 billion loss to the national exchequer.

Bilawal Bhutto said that the International Monetary Fund (IMF) had asked to fix the interest rate at 12% while Imran Khan’s government fixed it at 13.25% to facilitate certain investors.

PPP chief further said that Imran Khan s government has facilitated certain investors up to Rs 700 billion by abruptly changing the interest rates of Pakistan Investment Bonds.

ePaper - Nawaiwaqt