ISLAMABAD: All Pakistan Muslim League Spokesperson Fawad Ch said
that Budget 2011-12 has been designed against the whims and
expectations of the common man as no relief has been announced related
to reduce mounting charges of electricity, POL and commodities prices.
APML
spokesperson Fawad Ch stated that PPP led ruling government during last
two consecutive years has failed to meet economic targets whereas
Economic Survey of Pakistan and ‘Budget Proposal’ have also exposed the
destructive economic policies of the incumbent government.
Pakistan
was making progress with annual growth rate of 6.4% when PPP assumed
power three years ago in 2008 but that growth rate has now downed to 2%
whereas the annual growth rate of our neighboring countries has been
increasing with the ratio of India 7.7%, Sri Lnka 6.6% and Bangladesh
6%. Meanwhile the average growth rate of other Asian Countries has been
recorded by 8.6%.
APML Spokesperson said that it’s first time
during last three decades that per capita income in Pakistan has
witnessed a decease as during the regime of Presidnet Musharraf per
capita income in Pakistan has crossed $1,500. He also said that during
last three years under the leadership of PPP-led coalition government
the burden of foreign debt upon Pakistan has been mounted upto $5
billion and foreign reserve of Pakistan has been comprised almost on
70% loans from IMF.
Fawad Ch also pointed out that PPP-led
ruling government has been dependent totally on US aid and in absence
of American funding the financial deficit of the government could be
raised from 5.1% to 5.7%. Fawad Ch said that under the leadership of
PPP-led coalition government during last three years a major cut in
foreign investment has been observed in Pakistan and the main reason
behind all this reduced foreign investment is corrupt leadership and
rocketing corruption at all fronts in the country.
APML spokesman Fawad Ch termed the share in basic salaries of government employees very humiliating amid prevailing inflation. Online
