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PTI hits back at PML-N’s claims of ruining Pakistan’s economy

PML-N frequently accuses PTI of destroying Pakistan's economy. However, a recent comparative analysis based on official figures by the State Bank of Pakistan proves that PTI actually fared well for Pakistan.

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Pakistan Tehreek-e-Insaaf recently debunked PML-N’s accusations against it of nose-diving Pakistan’s economy. With a comprehensive comparison between FY2021 and FY2018, PTI put to rest PML-N’s frequent complaints of Imran Khan robbing Pakistan.

The comparison is based on statistical data by the State Bank of Pakistan and is making the rounds on Twitter with PTI’s official Twitter account sharing it.

As per the analysis, Pakistan’s economic performance for FY2021, under PTI was comparatively better. According to statistics, PTI exported $25.3 billion worth of goods, whereas PML-N exported $23.2 billion. Textile exports too witnessed a growth of more than $1 billion under PTI.

Read more: Pakistan’s Textile Exports: Growth and Trends

Moreover, with PM Khan’s vision for a Digital Pakistan, the country’s Information Technology (IT) exports also increased to $2.12 billion. Under PML-N, they were at a mere $1.06 billion.

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During PTI’s reign, Pakistan recorded the highest ever remittances, Special Assistant to the Prime Minister on Political Communication Dr. Shahbaz Gill announced in a statement. With a 34% increase from last year, in 2021, Pakistan’s remittances reached record levels of $29.4 billion. Even PM Khan took to Twitter to personally thank the Overseas Pakistanis for this remarkable feat.

Furthermore, Foreign currency reserves also improved substantially to $24.4 billion from only $16 billion in 2017-18.

Pakistan’s economic performance under PTI

One of the accusations that both PML-N and PPP frequently level at PTI is that under PM Khan, Pakistan took the highest debt.

“Imran Khan had promised to break Pakistan free from the debt trap, but since coming to power he has buried Pakistan under massive loans, taking the begging bowl everywhere he goes,” Bilawal Bhutto said in a statement in May.

However, as per the figures shared in the analysis, Pakistan’s debt under three years of PTI was $21 billion, whereas, under PML-N, it was $30 billion.

Read more: G-20 provides major debt relief to Pakistan

PTI even collected a very high tax revenue for FY2021. PTI’s tax revenue was $4372 billion, which is more than PML-N’s $3844.

PML-N’s accusations against PM Khan

Members of PML-N have frequently accused the PTI government of corruption. Just recently, Shahid Khaqan Abbasi outrightly claimed that PM Khan’s government is doing corruption. He also said if he is made Chairman NAB, he will provide never seen before evidence of corruption.

Read more: Appoint me NAB Chairman: Shahid Khaqan

Miftah Ismail is also very vocal with his criticism of PTI. Last year Miftah Ismail tweeted a scorecard on PTI, which was retweeted by Shahid Khaqan Abbasi.

Recently Miftah Ismail retweeted an article by Business Recorder on Pakistan’s Poverty Line. As per the article, currently, 40% of Pakistan’s population lives below the poverty line. Members of PML-N remain consistent with their narrative of Pakistan’s dire economic conditions under PTI.

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Maryam Nawaz too often lashes out at PM Khan and his initiatives for Pakistan’s economy. Earlier this year, she called Imran Khan the “biggest thief.” She also called PTI’s foreign funding case the “biggest fraud in Pakistan’s history”.

Opposition’s accusation racked up significantly after PTI’s budget announcement. PPP Chairman Bilawal Bhutto-Zardari and PML-N President Shehbaz Sharif got together to accuse PTI of distorting the figures to present a successful picture of Pakistan’s economy.

“All opposition parties in parliament have decided we will give a tough time to the government and expose it, the false figures they’ve shown and the distortion [in numbers] they’ve done,” Shehbaz Sharif said.

Read more: Budget FY22: Good start but still a long way to go

However, with the recent comparative analyses of PTI and PML-N’s economic performance, PTI may be on its way to debasing the opposition’s claims.

 

 

 

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