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Islamabad: Renowned economist, former Federal Minister of Finance and Dean Nest Business School, Dr. Ashfaq Hasan says that the economic crisis in Pakistan was deliberately created by the current government. There were no such conditions 11 months ago. The government did not negotiate properly with the IMF. We just defaulted to the announcement.
Dr. Ashfaq Hasan told a private television that when I was in the Ministry of Finance, I signed an agreement with the IMF, during Musharraf’s time, the dollar rate was 62 rupees, the IMF said that we will do 85, but we negotiated. .and agreed to 72.
Dr. Ashfaq Hasan said that it takes 34 years to reach this country. Our bargaining power with the IMF has disappeared. We have reached the point where we have no choice but to obey their orders.
According to him, former President Asif Ali Zardari, after his speech at the United Nations, met with world leaders and said that Pakistan needs 100 billion dollars, and they all said that there is no problem. Two months later, an article was published in the newspaper saying that he would give Pakistan 10 billion dollars every year, but talk about their nuclear power.
He said that we have reached the situation in Sri Lanka. We have defaulted, but it has not been officially announced. Sri Lanka also had a similar situation, he said.