Prime Minister Imran Khan has said that future generations of Pakistan are being burdened by borrowing money for debt servicing.
In a series of tweets on his official Twitter handle, he pointed out that Pakistan's daily interest payment is five billion rupees.
The prime minister said that country is sitting on huge amounts of dead capital in the form of government-owned land with buildings.
I have just got figures of 90% of state-owned land in KP, Punjab & federal areas & rest houses/official residences built on this land. The figures are startling: 34,459 kanals are rural & 17,035 kanals are urban.Just the urban land with buildings is worth over Rs.300 billion!— Imran Khan (@ImranKhanPTI) September 10, 2018
He said that ninety per cent of state-owned land in Khyber Pakhtunkhwa, Punjab and the federal areas, on which rest houses and official residences are built. 34,459 kanals in rural and 17,035 kanals are in urban areas.
He pointed out that just the urban holdings are worth over 300 billion rupees.
So a country that has to borrow money to pay interest on its loans (burdening our future generations) - & daily interest payment is Rs 5 b - is sitting on huge amounts of dead capital (just 90% of urban holdings is worth Rs 300b) in the form of this govt-owned land with buildings https://t.co/Mj3Nvnt7xE— Imran Khan (@ImranKhanPTI) September 10, 2018
The prime minister regretted that the country was paying huge interest on borrowed loans while sitting on a big dead capital.