ISLAMABAD: Finance Minister Shaukat Tarin on Thursday said the Pakistan Muslim League-Nawaz (PML-N) government had left behind higher economic growth with borrowed money but the Pakistan Tehreek-i-Insaf (PTI) government would complete its tenure with higher sustainable growth and revenue collection of Rs7 trillion in 2023.
Speaking at a hurriedly called virtual presser in response to PML-N’s pre-budget seminar, Mr Tarin along with ministers for energy and industries took a few questions and mostly repeated the PTI’s traditional criticism of its arch-rival PML-N’s economic policies.
The finance minister said that with a positive stance, the present government would now move to growth mode after achieving stabilisation and criticised the previous government for leaving the economy in shambles that forced the PTI to go for an IMF programme with harsh conditions, upfront adjustments and debt increase.
However, the leaders of the main opposition Pakistan Muslim League-Nawaz (PML-N) on Thursday presented a dismal picture of the state of economy in the country due to “failed fiscal policies” of the present Pakistan Tehreek-i-Insaf (PTI) government as former finance minister Ishaq Dar stressed the need for having a “serious review” of the economic policy to bring Pakistan out of the economic ‘mess’.
“We need a serious review [of the economic policy]. If we do not do this then we do not have a very bright future,” feared Mr Dar while speaking at a pre-budget seminar, organised by his party in Islamabad, through a video link from London.
PML-N president Shehbaz Sharif presided over the seminar, also through a video link from Lahore.