Awan S
Chief Minister (5k+ posts)
Pakistan had 29 billion dollar forign currency reserves which were wasted in unnecessary imports in just 8 months. The import become 50 billion dollar more than exports. When you have 16 billion dollar in foreign currecy reserves and have to retain this heavy import plus have to return old loans; how you will survive, This caused Pakistan to land close to bankrupsy. Shortage of dollar caused dollar rate to rise which directly caused inflation.So since 1981 Nawaz and Sharif Family has been part of power and you are complaining about 3 year from mind 2018-mid 2022 of performance yet you failed to reply to the 2018 figures? Who was in power since 2008??? PPP and PMLN. So go suck on your claim that Pakistan was in a better place in 2018 as if Pakistan GDP growth was 7 and zero trade deficit and they were not taking any loans from IMF. PMLN Took 35 Billion loan in 5 years yet the trade deficit was worst in history. Ab marr chalwal "PTI RUINED PAKISTAN" I am countering your argument that PMLN left Pakistan in better state. That is FACTUALLY wrong.Dont claim that again on this forum unless you can prove that in 2018 Pakistan had reduced loan and not amassed 50+ Billion from 2008-2018
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70% of PTI Govt's Foreign Loans Used for Repaying Previous Debts
The Pakistan Tehreek-e-Insaf (PTI) government had borrowed external loans worth $52 billion in three years and eight months, which had put it in the toppropakistani.pk
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Details of foreign loans taken & repaid in PTI and PML-N regimes
The government of Pakistan has received US$ 38.8 billion as foreign loans and paid back US$ 29.815 billion from August 2018 to October 2021dnd.com.pk