- Saying PML-N going to leave a big mess for next govt
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) senior leader Hammad Azhar said that the PDM government was inept and a constant embarrassment, which was evident from the fact that the government failed to receiver any bids for LNG or its solar power project amidst default seemed highly likely, saying PML-N was going to leave a big mess for the next government.
Hammad Azhar said that disastrous strategy and tactics by PDM government in the LNG market, as it gave away optionality for free to SOCAR; damaged global supplier relationships by using them for price discovery and embarrassed themselves by getting zero bids.
“But PM got a foreign trip and a photo opportunity. No hiding now that Pakistan faces an acute power shortage for rest of the year,” Hammad Azhar added.
The PTI senior leader alarmed: “Between July-Dec, Pakistan must repay an additional US$ 4 billion, which cannot be rolled over. With FX reserves likely below US$ 4 billion at the start of fiscal 2024, default seems highly likely.”
Hammad Azhar said that there was a very visible contempt for the common person in this government, clearly reflecting in their social, economic and political policies.
No bids received by govt of Pakistan for LNG or its solar power project.
The PDM govt is inept and a constant embarrassment. https://t.co/tomYG1N9AH— Hammad Azhar (@Hammad_Azhar) June 20, 2023
Hammad stated that the Senate Standing Committee on Finance was told in the meeting that 40 percent of textile mills have been closed in the last 11 months.
However, he said that it was not solely the case of textile mills, as whichever sector of industry ones picked up, they would find the same situation.
