–PML-N leader criticises Asad Umar for failing to reduce govt’s expenditure
–Planning minister rejects criticism, says foreign investments and reserves have increased under PTI govt
ISLAMABAD: Beginning the debate in the National Assembly on the Budget 2020-21, Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Asif on Monday termed top government officials having a career history with the International Monetary Fund (IMF) as mercenaries, saying the budget for the upcoming fiscal year was a “temporary one”.
“There will be a mini-budget and more taxes will be imposed,” Asif said. “These are mercenaries; why are they brought [to power]?”
The PML-N leader, taking note of the ongoing coronavirus pandemic, said he honoured the healthcare professionals — including doctors, nurses, and paramedical staff — for not only putting their own lives on stake but also potentially risking their families as well. “This government’s policies are against them,” he added.
The former foreign minister said the incumbent PTI-led government was drawing back economically; “in fact, it has acknowledged defeat without saying it publicly,” he said.
Comparing the current government’s performance with that of the prior one led by the PML-N, he said growth in gross domestic product (GDP), agriculture, large-scale manufacturing, industrial, and service sectors were 5.5 per cent, 4pc, 5pc, 4.9pc, and 6.2pc, respectively; the same under Prime Minister Imran Khan’s “Naya Pakistan”, however, were -0.4pc, 2.7pc, -0.78pc, -2.6pc, and -0.6pc, respectively, he noted.
Similarly, tax collection, inflation, gross public debt, debt-to-GDP ratio, and exports were Rs3,842 billion, 3.9pc, Rs24,953bn, 72.1pc, Rs24.8bn, respectively, during Nawaz Sharif’s era and Rs3,844bn, 11.2pc, Rs35,207bn, 85.0pc, Rs19.7bn, respectively, during Imran Khan’s tenure.
The fiscal deficit-to-GDP ratio, public sector development programme (PSDP), the government’s running expenditures, and unemployment were -6.6pc, Rs750bn, Rs402bn, and 5.8pc, respectively, during the PML-N tenure, whereas the same under PM Imran’s administration were -9.2pc, Rs623bn, Rs475bn, and 8.5pc, respectively.
“The figures explain everything,” Asif said. “Unemployment is rising and millions of people are becoming jobless,” Asif said. “Imran Khan was brought with great desire and pampering.”
UNFULFILLED CLAIMS:
On government’s running expenditures, he said Planning Minister Asad Umar had repeatedly claimed that it would be reduced. The PSDP is a stimulus for economic activity, he noted, but millions of people were becoming unemployed.
“There were a lot of claims previously, even today, while presenting the budget, they were claiming that the budget was transparent and corruption-free one,” the PML-N leader said.
Asif said the PTI chief had earlier vowed against obtaining debts from the IMF and other international organisations. The incumbent ruling party had previously claimed that the amnesty scheme was for thieves but they have used it for their own benefit, he added.
“They had promised to punish the Sahiwal [incident’s] culprits but they freed them all later after giving them cheques at the chief minister’s house,” he said.
The former foreign minister said the government should have benefited from the falling interest rate but Pakistan “incurred a loss of about Rs1.5-1.7 trillion on interest rate”.
“We kept asking the State Bank of Pakistan Governor [Dr Reza Baqir] and the Public Accounts Committee (PAC) about the hot money and have exited after earning with a 13.5pc policy rate,” he said.
“The undertakers of Pakistan’s current economy, Dr Hafeez Shaikh and SBP Governor should be put on the ECL [exit control list],” he warned, saying both should be given targets and sign performance bonds.
“Don’t make a mess out of country’s economy. The ordeal of corruption goes on unabated,” he added.
Asif also called for aiding the public servants during the pandemic. “You should have compensated the government employees during these hard times of crisis. They work hard day and night. They have abandoned our years-long practice,” he said.
Asif said while the list of corruption and accountability claims against the PPP and PML-N was quite long, “no attention is given to foreign funding and BRT case.”
Referring to the Billion Tree Tsunami project, the PML-N leader asked about its progress to which the speaker said he would give him a visit.
“Nations are ruined when the love of power overcomes the basic instincts of humanity,” he noted, adding that the current government was raking in money from helpless people even in these tough times of the coronavirus.
“There will be 1.2 million patients of coronavirus by July, according to international surveys. The Imperial College London’s research study has given a date and projections that 80,000 people will die in a day due to the coronavirus
“[PM] Imran Khan kept negating the severity of the virus, termed it a flu in the past days when strict measures were required to contain the disease,” Asif said.
‘LOCKDOWN INEFFECTIVE POLICY’:
After Asif concluded his speech, Umar, the planning minister, retorted, saying: “Nawaz Sharif used to call fascist [Indian Prime Minister] Narendra Modi for visits to Pakistan.
Giving the example of India, the minister said the country had 653 coronavirus cases as of March 25 and then, in June, they said that could not control the situation despite a lockdown and more than 100,000 infections were reported.
More than 5,500 people had lost their lives due to coronavirus during the strict lockdown, he noted.
“The lockdown is an ineffective policy and a menace for developing nations like Pakistan,” he stressed, adding that an Indian minister had said Modi inflicted an unprecedented damage on the economy by pushing millions below the poverty line.
Responding to Asif, he said the PML-N leader had in the past alleged that Shaukat Khanum Memorial Cancer Hospital & Research Centre is a fraud and “it generated the most funds that year, people donated the most that year”.
“They are projecting that the PTI’s popularity has ended now but the picture is completely opposite. Foreign investments and reserves have increased but Khawaja Asif did not talk about that.
“We have improved the annual exports with 4pc and 11pc, according to the latest figures. A 2.8pc increase in agricultural sector [was recorded] before Covid-19 hit the country,” Umar said.
Asif, he added, misquoted the figures about the PSDP. He raised an important question about hot money and being the supreme power, the Parliament should know about the facts.
“PM Imran Khan responded to the Supreme Court’s question about his assets for eight months and was declared honest and truthful after the investigation,” he said.
Talking about the National Accountability Bureau (NAB) and its functioning, the minister said it was the national corruption watchdog running according to the laws framed by the PML-N while its chief was appointed by the same party as well.
“Stop blaming Imran Khan for its policies,” he said.
Responding to the PML-N leader’s suggestion to prevent Shaikh, the PM’s finance adviser, and SBP Governor Dr Baqir from leaving the country, Umar said: “I have stopped believing in the ECL now.”
He also refuting the Imperial College London’s report, saying the forecasts made by the Pakistani scientists portrayed a completely different picture.
