PTI releases white paper on economic situation of past 20 months

WEB DESK: Pakistan Tehreek-e-Insaf’s (PTI) economic team unveiled a white paper on the country’s economic trajectory over the past 20 months. The document not only scrutinises PTI’s economic performance during its own governance but also takes a critical look at the economic conditions during the Pakistan Democratic Movement’s (PDM) rule.

The economic team presented a thorough analysis of PTI’s performance over the past three and a half years, emphasising the challenges they faced upon assuming power in 2018. According to PTI spokesperson, the country’s economy was grappling with the most severe crisis in its history at the time.

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One of the focal points of the white paper is a critique of the Pakistan Muslim League-Nawaz (PML-N) government’s management of the power sector. PTI has accused PML-N of misgoverning by relying on power plants dependent on imported fuel. The spokesperson emphasised that PTI inherited a staggering revolving loan of Rs 1.6 trillion from the PML-N government.

The economic team also shed light on the annual capacity payments of up to 1.4 trillion inherited from the PML-N government. These financial legacies, according to PTI, presented formidable challenges that the current government had to contend with.

Despite the challenges posed by the COVID-19 pandemic, the PTI government claims to have ensured strategic investments in key sectors such as agriculture, construction, and industry. PTI’s white paper also claims that they were able to successfully cap the inflation rate at 12.7 percent.