Past Rulers Plundered Foreign Loans For Building Properties Abroad: Fawad
Sumaira FH 12 days ago Wed 13th October 2021 | 02:50 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 13th Oct, 2021 ) :Minister for Information and Broadcasting Chaudhry Fawad Hussain on Wednesday said past rulers built their properties abroad by plundering foreign loans.
Addressing a conference here the minister said from 2008 to 2018, when the Pakistan Peoples Party and Pakistan Muslim League -Nawaz were in power, record foreign loans were taken and most of the amount was transferred to the middle East and Europe by the former rulers where they purchased properties.
The minister said the main cause of the current wave of inflation was due to the debt taken by the past rulers.
The geographical situation of Pakistan was quite important, Fawad Hussain said adding, if anyone travel by air around 66 percent of the world's population was at a distance of three and a half hours from Islamabad.