ISLAMABAD: Parliamentary leader of the Pakistani People's Party in the Senate, Sherry Rehman, attacked the federal government on Tuesday for "spreading misinformation" about debt relief and not formally requesting the G20 program in question.
"Why has Pakistan not formally asked the G20 for debt relief?" He asked, adding that it was alarming that the government was misleading the public, especially during these trying times.
Contrary to claims made by the federal government about obtaining substantial debt relief, the International Monetary Fund's resident representative, Teresa Sánchez, said that Islamabad had not made an official request to the G20 countries for the relaxation of the Payments.
“Pakistan should have officially asked the G20 nations for debt relief. It is important to note that only those countries can take advantage of debt relief that makes official requests to the G20. In the case of Pakistan, this never happened, "said Senator Rehman.
"When no official request was made to the G20 nations for debt relief, why are misleading news circulating in the media that Pakistan will secure $ 12 billion relief? This will not only cause chaos and confusion within Pakistan, but will also embarrass [the country] in the eyes of the international community, "he said.
The PPP senator also censured the Center for its attitude towards parliament. "The federal government had announced emergency aid packages without consulting parliament. Why does the federal government not trust parliament? Pakistan's fiscal position is deteriorating at an alarming rate and parliamentary oversight has become more imperative than ever. "
Commenting on the deteriorating economic situation in Pakistan, he said: "What is even more alarming is that Pakistan's public debt has already shot up to Rs41 trillion, which is almost equivalent to 93 percent of our GDP. Before it's too late, the federal government urgently needs to review its macroeconomic policies. "
Meanwhile, PPP Secretary General Nayyar Bukhari and President Bilawal Bhutto-Zardari spokesman Senator Mustafa Nawaz Khokhar have demanded a cut in gasoline prices.
Posted in Dawn, April 22, 2020