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Pakistan’s economy weakening since 90s due to wrong decisions: PM Imran

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CHILAS  Pakistan Prime Minister Imran Khan has on Wednesday said that the country’s economy has been weakening since the 1990s due to wrong decisions by erstwhile governments as industrial growth was damaged.The premier addressed a public gathering in Chilas and said Diamer-Bhasha, Pakistan’s third biggest dam, is being made through which new milestones of progress will be achieved. There would not have been any better site than this for the construction of a dam, the PM affirmed.

We are going to make dams on rivers following this project and plant one million trees across the country, Imran Khan said while continuing that global warming increases when electricity is produced through furnace oil.

Projects in the past were made only to get votes, Imran Khan said while adding that imported oil was used to produce electricity in the 1990s which damaged the country. Expensive electricity affected the industry, he said.

The premier said that current account deficit increases when money is sent abroad and the currency devalues. Pakistan Tehreek-e-Insaf (PTI) inherited $ 20 billion deficit when it assumed power, he told.

I will ask Gilgit-Baltistan chief minister to reopen tourism under standard operating procedures (SOPs) as the coronavirus lockdown left many people unemployed, Imran Khan said. The federal government will allow tourism by issuing a no objection certificate (NOC), the prime minister added.

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