Only ‘tough decisions’ can solve Pakistan’s economic woes: Imran Khan

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Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Tuesday that the country’s new mandated government must take “tough decisions” due to the country’s worsening economic situation.

Speaking on the occasion of the launch of PTI’s white paper through video link. PTI chief He said that whoever comes with a new government with a public mandate should take tough decisions [PDM] The government does not have the moral authority to take tough decisions.

The former prime minister’s comments come in the backdrop of a looming financial crisis. A pre-determined threat is looming over Pakistan.The rupee continued to depreciate against the US dollar, and foreign exchange reserves fell to record lows – barely covering a month’s worth of imports.

Financial pundits have already expressed concerns since the fall of the previous regime and asserted that unless political stability is seen in the country, its fiscal side will remain weak.

In the wake of the current financial crisis, the federal government has decided to close markets and malls by 8:30 pm and save Rs 62 billion annually – but traders have once again rejected the idea.

Meanwhile, the former prime minister lamented the country’s economic condition, highlighting the rise in inflation.

He said that prices of flour, electricity, petroleum products and food items have increased. Today, the country’s industries are shutting down,” Khan said, adding that the nation is scared of the country’s direction.

He claimed that around 750,000 Pakistanis have left the country in the last eight months. Khan also emphasized the need to increase domestic exports.

“For 30 to 40 years we did not consider increasing exports. Unless exports increase, Pakistan will not be able to stand on its own feet. When I met the exporters, they told me about the constraints.” The PTI Chairman disclosed

Returning to his call for elections in the country, the former prime minister said: “Economy is linked to politics. There can be no improvement without political stability.”

To advise the ruling government at the center about its decisions International Monetary Fund (IMF)Imran Khan said that approaching the IMF raises the issue of autonomy.

While going to the IMF, their orders have to be followed. You cannot make your own decisions. Instead of going to the IMF, the focus should be on the exporters.

Talking about his government’s performance in handling the economy, the PTI chairman said that the growth rate during his tenure was 5.7 to 6 percent and the figures were presented in the cabinet.

When the growth figures were presented to the court, the members were shocked. It was the best performance in Pakistan’s history,” the ousted prime minister added, claiming that 5,500,000 jobs had been created in the country.

He also spoke about his government’s efforts to involve taxpayers in the system along with the National Database and Registration Authority (NADRA) and the decision to refrain from increasing the prices of petroleum products.

Globally, Khan said, prices of edible oil and coal increased. However, his government kept it low.

“We planned Ravi City to save Lahore to attract investment from overseas Pakistanis. We tried to bring in foreign investment to expand our servers.

Highlighting the economic growth achieved during his party’s rule till April last year, the ousted prime minister claimed that the owners of textile industries spoke of not getting enough workers. He also campaigned against his government to “destroy the country”.