In response to the Pakistan Tehreek-e-Insaf’s (PTI) white paper, Finance Minister Senator Ishaq Dar would issue the white paper today (Wednesday) on the economic performance of the country during first year of the PML-N’s five years constitutional tenure.

Finance Minister, who had already held the press briefing on the economic situation of the previous fiscal year 2013-2014 in last week, would issue the white paper on the economic performance of the country today (Wednesday). The economic wizard of the PML-N government would reply to the PTI’s white paper, as it accused the government of destroying the economy. The government would issue the white paper one day ahead of the long march announced by the Pakistan Tehreek-I-Insaf and Pakistan Awami Tehreek on August 14. Sources informed that government has called back Finance Secretary Dr Waqar Masood from Dubai to prepare an official response to Pakisan Tehreek-e-Insaf’s (PTI) white paper.

They added that Secretary Finance returned from the talks with IMF for next tranche worth of $550 million the country on Saturday for a short stay and left for Dubai on Monday, just to help in preparing the white paper. The successful completion of the review and subsequent approval by the IMF’s Board will help the country secure next loan tranche of over $550 million. Sources further informed that Finance Minister Senator Ishaq would once recount the economic achievements in last financial year 2013-2014 that included increasing GDP growth, restricting fiscal deficit and inflation rate, enhancing revenue collection and foreign exchange reserves and many others.

It is worth mentioning here that PTI has issued 46 pages white papers on the first year performance of the PML-N government. The PTI had accused the economic situation has worsened in the first year of the incumbent government. The white paper stated as inflation stands 9.8 per cent that was 5.8 percent during last five years and the country witnessed lowest 13 per cent foreign direct investment (FDI) during the last year and exports too decreased. It added that power prices increased up to 80% without any decrease in the duration of loadshedding. It also blamed that the government caused Rs9 billion losses by selling shares of United Bank Limited at low rates.

It said Sharifs’ family and friends were enjoying major portfolios while the government did not appoint heads of 80 per cent state enterprises. PTI’s white paper stated, “PM Nawaz made 14 foreign tours costing Rs680 million.”

“A son of Nawaz Sharif has foreign property worth about Rs40 billion in the name of Flagship Investment while another is living in Rs80 million flat. Sharifs got gift of 30 million dollars in the Khudad Mills case,” the white paper added.