Bilawal chastises govt for 'wrong economic policies'.

LAHORE -- PPP Chairman Bilawal Bhutto-Zardari is pessimistic about the success of foreign experts in reforming the local economy.

'How can those (who are) unaware of the ground realities find solution to the prevailing economic problems here?' he asked at a seminar on 'Current Economic Crisis and its Solutions' here on Monday.

Mr Bilawal said a common man's economy had been compromised with because of the 'incompetence' of the government. He lamented that the PTI government had made the economy worse in the last 16 months.

'You can ask common man, vendors, farmers or workers how they are living and barely surviving.'

The PPP chief said Prime Minister Imran Khan and his cabinet had decided not to go to the International Monetary Fund (IMF) and relied more on Pakistan's foreign friends. The money that was taken and its advantage that was assumed did not benefit as much and then the government decided to introduce stabilisation measures such as devaluation and increase in interest rates which were disastrous.

When the government went to the IMF, it didn't have any clear plan and thus compromised on terms that went against the poor, he added.

The PPP chairman also pointed out wrong policies adopted in trade with...