PM seeks de­tails of for­eign loans taken in last ten years

Daily Messenger - - Front Page -

IS­LAM­ABAD: Prime Min­is­ter Im­ran Khan has di­rected the Min­istry of Fi­nance to fur­nish de­tails of for­eign loans taken as well as their spend­ing in the last 10 years.

He is­sued th­ese direc­tions dur­ing the Fed­eral Cab­i­net meet­ing in Is­lam­abad.

PM Khan di­rected the Fi­nance Min­istry to sub­mit a de­tailed anal­y­sis to know where the money was spent.

He said the govern­ment and the peo­ple of Pak­istan have the right to know where th­ese huge amounts were spent and were th­ese ben­e­fi­cial for the coun­try.

“Where was the money spent, on which projects? Did we build a dam? We need to know as we have to bor­row more loan to re­turn the in­stall­ments,” Prime Min­is­ter Im­ran Khan said.

He asked the Fi­nance Min­istry to sub­mit its de­tailed anal­y­sis to the Fed­eral Cab­i­net and said it would also help cre­ate a bet­ter un­der­stand­ing about the loans and their im­pact on na­tional econ­omy.

We will need much more funds to re­turn the en­tire loan. In­stead of cre­at­ing wealth, we will have to use our money to re­tire the debt,” he pointed.

Re­fer­ring to the launch of his am­bi­tious Naya Pak­istan Hous­ing Pro­gram, the Prime Min­is­ter said the en­tire ad­min­is­tra­tive struc­ture for the project would be com­pleted on pri­or­ity and it would not only gen­er­ate eco­nomic ac­tiv­ity, but also add new en­trepreneurs, in­crease skills of the work­ers and cre­ate em­ploy­ment.

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