Daily Times

Prime Minister Shehbaz Sharif strongly criticised Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Monday over his comments about the economy, saying the ex-premier’s “understanding of the economy and the broader environment in which it operates is quite limited”.

“[Khan] also conveniently forgets his own role in deepening economic challenges. From scrapping the IMF (International Monetary Fund) deal, he has always wished Pakistan to default. This is in addition to the adverse impact his politics of non-stop agitation, long marches, and dharna has had on the economy in terms of causing political instability,” Premier Shehbaz said in a tweet. His comments came hours after Khan claimed that the economy was in a “freefall” due to the policies of the Pakistan Democratic Movement (PDM) government. Shehbaz said Khan had “deliberately created an unstable environment” for investors, especially after the days-long violent riots that erupted after the PTI chief’s arrest on May 9 in which public and private properties in several cities were damaged. “The terrible events of May 9 alone have cost the economy billions of rupees and are an irrefutable endorsement of his nefarious designs. This is not to mention the plethora of corruption cases he is involved in,” the prime minister said.

While acknowledging that Pakistan continues to face economic challenges, the incumbent prime minister said the country had already passed the “doomsday scenario”. The government was addressing the challenges through timely interventions and economic belt-tightening, the premier said, adding that it is also working with friends and partners to bridge the financing gaps where needed. The government is making efforts to reduce the country’s dependence on imports by increasing exports, investment and productivity, he added.