IMF says don’t pay China by borrowing from us, address at the seminar. Photo: File
Karachi: Former Chairman FBR Shabar Zaidi has said that if all government land is sold, Pakistan’s debts can be paid 4 times.
While addressing a seminar on the ongoing economic crisis of Pakistan under Rotary Club Karachi, he said that geopolitics should be used to our advantage, we are sitting as crooks on the pipeline from Iran to India, promote regional trade, India. Sell cement to
On the non-agreement with the IMF, Shabbar Zaidi revealed and said that the IMF says not to take a loan from us and pay China, the army and all political parties have to sit down.
Shabar Zaidi demanded a court martial of the economic policy makers and said that India’s rupee has gone from 49 to 85 while Pakistan’s rupee has gone from 57 to 270. Every 5 years there is a storm of current account deficit and inflation. So there is no disaster, Russia and Ukraine defaulted, the countries that defaulted developed, if they are not giving loans, there will be restructuring, he said that West Pakistan could not afford a defense budget of 4.5%.
Former Chairman FBR said that Pakistan was created on 27th of Ramadan and will not be broken. This nonsense should be stopped. The idea of Pakistan ended in 1970, while the economy has been based on imports since 1970. Even if there is a geographical change, Karachi will remain in its place.
Shabarzidi said that whenever the growth rate is 5 to 6 percent, the current account deficit increases, import problems are a genetic problem of Pakistan, we were economically weak and are weak, a state that does not provide tax collection and protection to people is a failed state. There are
He said that both Imran Khan and Nawaz Sharif did this, when they are expelled from Islamabad, they feel bad for Pindi. Corrupt businessmen are doing it, corrupt businessmen made Nawaz Sharif the prime minister in 1992.
Shabbar Zaidi said that Pakistanis have transferred at least 108 billion dollars abroad, all of them have properties in Europe and America. I can’t stop Mai Ka Lal, everyone knows where the handover money is found in Karachi.
He said that money is given as loan to the farmers at 3% per month, corruption money has been put in flour, dal and commodities. Naveed Khan Wadigar, head of Rotary Club Karachi, also addressed the seminar.
(function(d, s, id){
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) {return;}
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3&appId=770767426360150”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_GB/sdk.js#xfbml=1&version=v2.7”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));