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

PoliticsWhere US$ 60 billion loans have gone?, asks Fawad Chaudhry from PPP...

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.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Lt. Gen. S M Kamr-ul-Hassan of Bangladesh met COAS Gen Asim Munir and CJCSC...

0
Rawalpindi, Pakistan: Lieutenant General S M Kamr-ul-Hassan, Principal Staff Officer (PSO) of the Armed Forces Division of Bangladesh, is visiting Pakistan and met with...
Remembering Operation Zarb-e-Azb--- An action to clean terrorism from Pakistan

Pakistan’s Security Situation 2024: 444 terrorist attacks against security forces, resulting in 685 personnel...

0
Monitoring Desk: The year 2024 has proven to be the deadliest year in Pakistan in terms of security forces and civilian casualties in the...
Pakistani students participate in Harvard Model United Nations Dubai 2025

Pakistani students participate in Harvard Model United Nations Dubai 2025

0
Press ReleaseDubai, UAE: Harvard University’s International Relations Council (IRC), in collaboration with WorldView Education, organized the Harvard Model United Nations (HMUN) Dubai 2025 from...

Indian Visa Bumper Sale for Afghans

0
Monitoring Desk: After establishing a strategic partnership, India reopened the "e-Emergency X-Misc Visa" category for Afghans this week in Dubai so both countries can...
Hassan Niazi convicted for May 9 mutiny

Is there any legal justification to set up Judicial Commission on May 9 events...

0
Islamabad, Pakistan: There is a debate going on in journalistic circles about why the should government entertain the demand of PTI to set up...
Advertisement