Pakistan News

Criminal negligence committed against economy in past, Said Umar Ayub

ISLAMABAD: Federal Minister for Power Division Umar Ayub Khan – addressing the National Assembly budget session – Wednesday said criminal negligence was committed against Pakistan’s economy in the past.


Umar Ayub Khan maintained that Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) left each other behind in taking loans.


“Pakistan has to pay a debt of Rs30,000 billion as the previous government took loans worth Rs30,846 billion and Rs24,000 billion were taken in ten years.


“The government will pay debt of Rs3,000 billion this year and will collect revenue of Rs5,500 billion. Ratio of currency printing was increased hundred percent from 2013 to 2018.”

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