Government to step-up borrowing to please new ministers

Islamabad: The Pakistan Economy Watch (PEW) on Friday criticised move of the government to create new ministries and induct eleven new ministers terming it a political move which will drain resources.

Now, government will be spending additional billions on newly created ministries while financing expenditure through increased borrowing, it said.

Government is overburdening masses to gain political mileage; 53 federal and state ministers will only help further damage the credibility of incapable ruling coalition, said Dr Murtaza Mughal, President PEW.

Problems of masses will continue to multiply as government seems only interested in strengthening their tyranny which they call as democracy, he added.

Dr Murtaza Mughal said that a former property dealer who has also served as sales man in a shoe company has been entrusted to run IT ministry where Rs 60 billion in the Universal Support Fund and billions expected from 3G auction may be misused.

A former minister of the IT ministry was fired when a Norwegian company told Prime Minister that they have decided to wind up operations in Pakistan due to excessive demands, he informed.

He said that the same ministry has teased another Chinese operator to an extent that they have dropped all plans to boost investment in Pakistan.

Another person who played important role in ensuring food insecurity in Pakistan has been given the charge of Capital Administration and Development Division on which he is said to be distressed.

Dr Murtaza Mughal said that federal government can continue expansion in the name of providing relief to masses while any provincial government can also follow the suit without considering loss of credibility which they call as beauty of democracy.

He said that number of federal ministers in India is 33, Bangladesh 27, Afghanistan 18, and 22 in China and Iran.

For more information, contact:
Dr. Murtaza Mughal
President
Pakistan Economy Watch
402, 4th Floor, Gulistan Khan House, Fazal-e-Haq Road,
82-East, Blue Area, Islamabad
Tel: +9251 251 0375
Fax: +9251 280 2449
Cell: +92321 515 7671
Email: president@pakistaneconomywatch.com
Web: www.pakistaneconomywatch.com

   

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