Tuesday, September 27, 2022
HomeBusinessAccording to Fawad, the government returned a $12.27 billion debt this year

According to Fawad, the government returned a $12.27 billion debt this year

ISLAMABAD: On Tuesday, Minister of Information and Broadcasting Chaudhry Fawad Hussain stated the present administration has repaid $12.27 billion in foreign debt this year alone, with another $12.5 billion coming next year.

He said that total debt payments will be about $55 billion during the Pakistan Tehreek-e-Insaaf (PTIfive-year )’s time in government, compared to $ 27 billion paid by the Pakistan Muslim League-Nawaz administration in the same period.

Also read: OGDCL and PPL – the government’s formal statement on the circular debt settlement is still pending

Earlier today, in response to one of the tweets about PTI’s defeat in KP LB elections, the minister said that if extremist parties like Jamat-e-Ulema Islam were an alternative to Pakistan Tehreek-e-Insaaf then there was some worth of his statement, he tweeted.

“In such a situation, the leadership and workers of PTI should put aside their personal differences and organize themselves under the leadership of Imran Khan,” said Fawad.

According to unofficial and unconfirmed results of 16 tehsils out of 65, Jamiat Ulema e Islam-F (JUI-F) is leading the elections with its candidates winning in seven tehsils, the PTI’s candidates have won in five tehsils, the Awami National Party won three tehsil seats and Pakistan Muslim League-N won in one tehsil only.

Also read: IMF has requested that disadvantaged nations continue to get debt relief

K-P Minister for Labour and Culture Shaukat Ali Yousafzai said the PTI was defeated because of inflation. Hopefully, the inflation would subside in the next few months, he said.

PTI MPA Muhammed Atif Khan said his party did not receive votes because people were worried due to inflation. “I don’t see any other reason. People are upset because of inflation. It is an international issue and we realise it,” he said.

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