ISLAMABAD: The main opposition party, Pakistan Muslim League-Nawaz (PML-N), has vowed to oppose the mini-budget in Parliament with full strength from the platform of joint opposition to safeguard the interests of the nation. PML(N) has termed the mini-budget as an injustice and economic terrorism against countrymen.
The PML(N) decided this in a meeting of its parliamentary party at the Parliament House which was attended by senior leadership of the party.
After meeting, Marriyum Aurangzeb, PML-N information secretary, told media that the meeting was presided over by PML-N vice president Shahid Khaqan Abbasi and the party’s parliamentary leader in the National Assembly Khawaja Asif. The meeting took stock of the prevailing economic and political situation in the country while the participants discussed various strategies to counter mini-budget and other government bills in the parliament.
The meeting urged the government’s allies not to compromise national and public interests by becoming part of the PTI’s “anti-public actions”.
They also discussed the matter of outreach towards government allies. Strategy for ensuring attendance of all parliamentarians from joint opposition on the day of the tabling of mini-budget and government bills was discussed.
The PML-N members observed that the government had already destroyed the economy and its wrong decisions had crushed the people under the mountain of inflation.
They said that economic debt was hitting the roof while the national currency was facing constant devaluation. Industry, textile, trade and manufacturing were all on the verge of collapse, as a result of which millions were losing their jobs while their families feared starvation, they said.
The PML-N leaders said constant and unbearable rise in the prices of essential commodities and utilities had broken the back of the nation. All this was going on at a time when debt payments were at an all-time high Rs50.5 trillion in the history of the country.
“Social injustice, cruelty and economic terrorism against the people of Pakistan must end,” they said.
They pointed out that despite skyrocketing tariffs of electricity and gas, circular debt had doubled over just three years and five months of the PTI rule. The staggering increase in the current account deficit, trade deficit and policy rate were pouring oil on the fire of economic destruction, they said.
The meeting agreed that the government had failed to protect national and public interests under these grave circumstances created by it. They said the people would be forced to commit mass suicides if the government was allowed to continue any further.
The meeting unanimously agreed that the mini-budget on the directive of the International Monetary Fund (IMF) would annihilate the country like a nuclear bomb and as a result, inflation would increase manifold. The already choked industry, trade and economy as a whole would stop breathing altogether and the country would be mortgaged to the IMF.
I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.