Where US$ 60 billion loans have gone?, asks Fawad Chaudhry from PPP & PML-N

ISLAMABAD, Pakistan: The Information and Broadcasting Minister Chaudhry Fawad Hussain on Tuesday said Pakistan’s foreign debt from 2008 to 2018 increased substantially by US$ 60 billion, reaching US$ 97 billion from US$ 37 billion.

In a tweet, the minister said several mega projects were executed until 2008, which included development of Islamabad and construction of Tarbela and Mangla dams, naval bases, Gwadar and motorway besides equipping the armed forces with modern weapons.

However, he said later the amount of the heavy debt was distributed between Sharif and Zardari families.

The information minister said the money was sent abroad illegally through Hundi and Hawala means, and fake accounts were also used for the purpose.

Fawad Chaudhry said Nawaz Sharif, Shahbaz Sharif and Asif Zardari were the main characters of that drama while there were dozens others who played the side role in that malpractice.

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