Investors lost faith in govt due to ineffective policies, economy devastation: PTI Chief

Latest Dec, 13 2022
Investors lost faith in govt due to ineffective policies, economy devastation: PTI Chief
  • 185
  • 0

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan lambasted current administration, claiming that investors had lost faith in government due to its policies.

Imran Khan speaking to gathering of his economic team, expressed apprehension that things would spiral out of control. Khan said he had sought help of Hammad Azhar, Hamayun Akthar, Omar Ayub and others to discuss economic situation. He lamented that media did not highlight state of economy.

“We are making all-out efforts to inform people about economic condition. We’ll explain to people how nation is struggling to deal with current predicament and how we can overcome it. Current situation will have effects on key state institutions,” added Khan.

Citing Soviet Union’s force, Imran said Soviet Union’s force was most powerful Army in world. He reiterated that court must play part if nation is to avoid quick decline. Highlighting contributions made by his government, he said, “Wealthiest people in our time were farmers. Farmers experienced their first-ever record profits. During our time, industries were growing. Industry saw 10.7 percent gain in large-scale manufacturing.

Imran Khan said, “Country’s dollar deficit was widening and that we had taken out loans to cover instalment payments”.

He decided that it would dissolve Punjab Assembly in initial phase, while Khyber Pakhtunkhwa Assembly would be dissolved in second phase.

Sources privy to matter said significant decision about dissolution of assemblies and resignations from National Assembly was made at meeting chaired by Khan. Initially, Punjab Assembly would be dissolved.

Additionally, nationwide protest movement would be transformed into an electoral campaign. Sources said it was resolved at meeting that Khyber Pakhtunkhwa Assembly would be dissolved in second phase and all members from Rawalpindi confirmed that they would quit National Assembly.

Lawmakers said PTI had full confidence in national and provincial assemblies and that they would frequently participate in Imran Khan’s electoral campaigns because PDM government’s failed policies had irreparably damaged Pakistan.

Lawmakers said it is going through worst economic crisis, adding that transparent snap elections were only way to get out of quagmire.

Published in The Daily National Courier, December, 13 2022

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

NC Big Stories

Pakistan can still qualify for Champions Trophy 2025 semi-final, but how?

DUBAI: Pakistan’s chances of advancing to the semifinals of the ICC Men’s Champions Trophy 2025 have become increasingly slim after suffering their second consecutive defeat in the tournament. Pakistan’ hopes now rely on the outcome...

India outclasses Pakistan in much-awaited Champions Trophy battle

DUBAI: A masterful century from Virat Kohli, coupled with disciplined bowling, propelled India to a convincing six-wicket victory over Pakistan in a crucial Champions Trophy 2025 match at the Dubai International Stadium yesterday. India chased down...

Munawar Faruqui’s new show ignites controversy

Known for his sharp political and cultural commentary, the show has sparked controversy and is now facing legal trouble. A complaint has been filed against Hafta Vasooli, accusing it of offending religious sentiments and promoting vulgarity. Advoca...

Mishi Khan slams media’s irresponsibility in Mustafa case

Mishi Khan, known for her outspoken views on social and political issues, recently expressed strong discontent over the media’s handling of the Mustafa case. In a candid Instagram post, she criticized the frequent airtime given to the accused...

More like this
Related

ECC bans export of sugar

Islamabad: Economic Coordination Committee (ECC) of Cabinet has imposed ban on export of sugar. According to Ministry of Finance officials, this decision aims to curb escalating sugar prices domestically. Chaired by caretaker Finance Minister Dr. Sha...

PPP CEC decides to advocate general elections in 90 days

KARACHI: Pakistan Peoples’ Party Central Executive Committee decided to advocate organisation of general elections in 90 days.Bilawal Bhutto Zardari chaired session of PPP CEC to make key decisions including general elections and consultations...

PTI reiterates call for election within 90 days

ISLAMABAD: Pakistan Tehreek-e-Insaf has urged electoral watchdog to drop process and conduct polls with 90 days. Both parties made their position clear when ECP officials met them as part of its consultations with major political parties on election...

Bilawal, UN Secy Gen discuss revival of Black Sea Grain Initiative

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari held telephone conversation with United Nations Secretary General Antonio Guterres and shared Pakistan’s perspective on stalling of Black Sea Grain Initiative (BSGI) and its implications for fo...
Need Help? Chat with us