Increase in Public Debt of PKR 18.5 trillion during April 2022 to August 2023 comprised of PKR 2.3 trillion primary deficit, PKR 6.9 trillion interest payments and PKR 9.3 trillion increase in debt due to Rupee depreciation. 1/5 Confluence of macroeconomic disaster & heavy foreign exchange reserves drain due to unsustainable CAD in PTI regime played key role in moving towards heavy depreciation of PK Rupee, ultimately emerging as the primary catalyst behind significant increase in public debt burden.2/5

Incompetent and corrupt #PTI govt while accommodating offshore companies’ mafia shareholders also catered vested interests of others, as below, by amending #PMLN’s introduced Companies Act 2017 through PTI’s Ordinance 2020:

1. Criminal proceedings involving imprisonment for... ...person either making false, incorrect statement in any material particular or otherwise omitting any material fact knowing it to be material has been changed to imposing a mere penalty in rupees;

2. Power of the Government to nominate chief executive officer of a Govt...

. @SaleemKhanSafi, @Hammad_Azhar is an innocent member of the Imran Niazi’s economic team, having little idea of how the economy works. Tabdeeli Sarkar has interned a growing economy into ICU from day one, bringing down the Growth from 5.5% to 2.4% by administering doses... 1/4

https://twitter.com/Hammad_Azhar/status/1224649995900592128

...of (1) 40% devaluation; (2)doubling interest(Policy) rate to 13.25%; (3)imposing new taxes of Rs750B (which was lied on the floor of the House by @Hammad_Azhar as Rs500B & for which he was promoted as full minister); (4)highest ever fiscal deficit of 8.9%GDP; (5)first... 2/4

.@PakPMO,it is amazing how brazenly facts are distorted by Imran Niazi.There have been periods of much higher current deficits in country’s history like in 2007-08 when it was 8% of GDP.The alibi that PTI inherited a shattered economy is nothing but a broken gramophone record 1/8

https://twitter.com/PakPMO/status/1219977930039877633

...which the nation is long fed-up of listening.

The GDP growth of 5.8% achieved by PMLN govt has been termed as artificial based on imports. After callously bringing down growth to 3.3% in first year and projected to be 2.4% in current year, the PTI is acting like the 2/8

Mr.@AtifRMian should know that running an economy &taking policy decisions is not like teaching in class room or writing theoretical research papers.There was nothing ‘mythical’ in our Exchange Rate Policy that we designed within the context of a tough IMF EFF-program which...1/9

https://twitter.com/atifrmian/status/1219105124443983872

...we negotiated within 4weeks of assuming office&completed over 3years with 12 quarterly reviews, the ONLY successfully completed program in Pakistan‘s history.

We started the program in Jul2013 with a NEGATIVE net international reserves (NIR)of $2.4B and at End-Sep2016...2/9