Former Federal Finance minister Miftah Ismail said that the restoration of Pakistan’s economy was a “difficult” task and hoped for God to have mercy on the country.
During an address at an event, Ex-Finance Minister said the economic recovery was a daunting and “very difficult task” and that “sacrifices” would have to be made to navigate the country out of the ongoing economic crisis.
The former finance minister said despite the fact that powers were devolved to provinces under the 18th Amendment, funds still do not reach the lower levels.
He said that the federal government must reduce its expenses and lamented that the provincial government does not collect taxes, adding that the current state of the economy is not due to mistakes made in one year, but the collective result of 75 years.
Miftah Ismail said that 87% of Pakistanis do not get as much food as they should, and in districts where the water is dirty, children are physically weak.
“Children living in the villages of Sindh, Khyber Pakhtunkhwa, Balochistan, and Punjab have been in crisis for 70 years,” he said. He compared the country’s progress to that of its neighbor.
He claimed that the Pakistan Tehreek-e-Insaf (PTI) government went against the agreement made with the International Monetary Fund (IMF) which lead to putting the country in crisis.
“The IMF agreement was broken by selling petrol and diesel at cheaper rates,” he said, reiterating that he went to jail because of former prime minister and PTI Chairman Imran Khan.