LAHORE: The Prime Minister Imran Khan says Pakistan is endowed with huge potential which can be exploited by good governance and eradicating the corruption.
Talking to media in Lahore on Sunday, he said the huge loans taken by the previous governments have indebted the country to such an extent where levying of taxes and consequent inflation have become mandatory.
The prime minister said it will be a challenging time, but the country will come out of this.
He said the PTI government is in the process of policy making and bringing reforms in all sectors whose impacts will be visible to people after 100 hundred days of our government.
Referring to illegal money of Pakistanis stashed abroad, the Prime Minister said properties of ten thousand Pakistanis abroad are being investigated to ascertain whether they were acquired through legal sources of money.
He said Pakistanis bought properties worth 900 billion rupees in Dubai alone during the last five years. He said notices have been sent to 300 people to inquire them the sources of their income.
Imran Khan said even inside the country 70 bank accounts have been identified where illegal money transactions took place. He said government is in touch with authorities in UK, Dubai and Switzerland to get the information about the people who have placed their money and bought properties there.
The prime minister said overall debt of Pakistan was 6000 billion rupees a decade ago, which reached to 15000 billion rupees after the end of PPP government. The loan reached to a staggering amount of 28000 billion rupees when the last government completed its term.
He said external debt has increased from 60 billion dollars to 95 billion dollars whereas current account deficit that was two billion dollars in 2013, is now 16 billion dollars.—NNI