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Government had severely hurt Pakistan’s economy:MNA Sardar Ayaz Sadiq

Lahore: PML – N Leader Sardar Ayaz Sadiq (MNA) slammed the government’s management of the economy and expressed serious concerns over Pakistan’s Negative Caa1 credit rating by Moody’s. He said that the current government had severely hurt Sardar Ayaz Sadiq by substantially increasing our outstanding national debt, which now stood at 15.2 Trillion Rupees or 68.4% of our GDP. This meant that our debt servicing requirements were increasing and would limit spending ability of the future governments

Sardar Ayaz Sadiq added that with the latest round of unsuccessful talks between the government and IMF, the economy is in dire straits and urgently needs to be steered in the right direction; something the PPP led government was incapable of doing.

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