Pakistan Tehreek-e-Insaf terms govt's claims of economic recovery "jugglery of words"
Sheikh Waqas Akram Criticizes Economic Performance Under PML-N Compared to PTI
In Islamabad, Sheikh Waqas Akram, the central information secretary of Pakistan Tehreek-e-Insaf (PTI), expressed concerns about the current economic situation in Pakistan. He compared the economic indicators under the PTI government led by Imran Khan to those under the current Pakistan Muslim League - Nawaz (PML-N) government.
Economic Indicators
Akram highlighted that the GDP growth was 6.5% in 2022 under PTI, compared to 2.4% in 2024. He also noted that the inflation rate was 12% under PTI, while the current government reduced it from 38% to 13%, which is still higher than during PTI's tenure.
Debt and Remittances
He pointed out that Pakistan's debt increased from PKR 43 trillion in 2022 to PKR 70 trillion. Remittances were USD 32 billion under PTI, compared to USD 27 billion now.
Exports and Exchange Rate
Exports were USD 31 billion under PTI, while they are USD 26 billion now. The exchange rate of the Pakistani rupee against the US dollar increased from PKR 178 to PKR 278.
Poverty and Migration
The poverty rate rose from 35% in 2022 to 45% in 2024, with over 13.5 million people expected to fall into poverty. Additionally, 1.8 million people have left Pakistan since 2022 due to economic challenges.
Provincial Initiatives
Muzammil Aslam, adviser to the Khyber Pakhtunkhwa chief minister on finance, mentioned the creation of a debt management fund and the allocation of PKR 30 billion for the Sehat Card Scheme, providing free medical care to over 900,000 people.
Doubts Revealed
Sheikh Waqas Akram
Sheikh Waqas Akram is a politician in Pakistan. He is associated with the PTI, which is a political party in Pakistan.
PTI
PTI stands for Pakistan Tehreek-e-Insaf, which is a political party in Pakistan. It was founded by Imran Khan, a former cricketer.
PML-N
PML-N stands for Pakistan Muslim League-Nawaz, which is another political party in Pakistan. It is led by Nawaz Sharif, a former Prime Minister of Pakistan.
GDP growth
GDP growth refers to the increase in the value of all goods and services produced in a country. It is a measure of how well a country's economy is doing.
Inflation rates
Inflation rates show how much prices for goods and services are increasing over time. High inflation means things are getting more expensive quickly.
Remittances
Remittances are money that people send back to their home country from abroad. Many people in Pakistan receive money from family members working in other countries.
Debt management fund
A debt management fund is a financial tool used by governments to manage and pay off their debts. It helps in organizing and planning how to handle borrowed money.
Sehat Card Scheme
The Sehat Card Scheme is a program in Pakistan that provides free medical care to people. It helps families get treatment without worrying about the cost.
Muzammil Aslam
Muzammil Aslam is a person who commented on the economic situation in Pakistan. He mentioned some initiatives taken by the government to help with economic issues.
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