Govt. determined to achieve Rs5,500 b revenue collection target: Omar Ayub.

ISLAMABAD -- Minister for Power Division Omar Ayub Khan on Wednesday said that the government was determined to achieve revenue collection target of Rs 5,500 billion set for the financial year 2019-20.

Speaking in the National Assembly during budget debate he said, 'Under the leadership of Prime Minister Imran Khan, the government was determined to achieve the set target of Rs 5,500 billion in the financial year'.

He said during the period from 2008 to 2018, PPPP and PML-N leaders had ruled the country. During the past 60 years, he said, the country faced a debt of Rs 6,690 billion, but during the ten years of their rule from 2008 to 2018, this debt surged to whopping Rs30,846 billion. Such an unprecedented debt also hiked the prices of the daily commodities, badly affecting the common man.

He said that the country had to pay billion of rupees as interest on the loan taken by the PML-N and PPP governments. He said that during the PML-N government circular debt had reached to billion of rupees.

The minister said that the PML-N government had artificially controlled dollar exchange rates. He said that about 24 billion dollar had been wasted by the PML-N government by artificially controlling the dollar rate.

He said that printing of currency notes by the PML-N government had also increased inflation. He said that the PTI government will not print currency notes rather the government will focus to increase the country's exports.

The Minister said that oil prices during PML-N regime dropped to 25 dollar per barrel but its benefit had not been passed to the public.

Criticizing the economic performance of PML (N) and PPP governments, he said that the exports remained stagnant during their period and nothing was done by them to stabilize the economy.

He claimed that no significant steps were taken to improve Direct Foreign Investment during (FDI) PML-N and PPP regimes.

He said that foreign investors were shy to make investment in Pakistan as they have no trust on the PML-N and PPP leaderships.

He said that it was unfortunate that PML-N was taking credit of all goods thing happening in the country. 'I wander, why PML-N is not taking credit of ideology of Pakistan' he added.

The minister said that former President of Pakistan Ayub Khan had laid the foundation of China Pakistan Economic Corridor by starting work on Karakoram Highway.

He said that PML-N government was also taking credit of Pervaiz Musharraf projects.

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