Exiled rights activist from PoK, Dr Amjad Ayub Mirza, has blamed Pakistan’s deep state of the army for the negative growth the country has registered for the first time ever in its history.
Mirza asked how a country could flourish or register a positive growth if its annual budget couldn’t be unveiled without the blessings of the army.
“This budget has Rs 650 Billion allocated for the development purpose, while the military has been allocated a sum of Rs 1.3 Trillion. This simply means that the budget has been presented after the approval of the army,” said Mirza.
He also said that there was a prevailing sense of fear amongst the legislators of Pakistan and they were forced to respect the army.
“Hammad Azhar, the minister who presented the budget expressed his government’s gratitude to the army on the floor of the house. This simply means that this government is powerless and scared of the army,” said Mirza.
He also accused the people in the establishment of wallowing in luxury and spending way too much than what the country could afford.
Mirza said, “This is the first time in the history in Pakistan that the budget is showing negative growth. It’s -0.4 per cent this time. This is a dangerous situation because it requires a lot of things to be done to convert a negative growth into positive. First and foremost, you need to stop your expenses that do not yield dividends.”
The coronavirus pandemic cannot be blamed for Pakistan’s economic crisis as Imran Khan was time and again seen seeking financial support from other countries even before the COVID-19 outbreak.
Pakistan escaped the collapse as international organisations like IMF and countries like China and Saudi Arabia bailed it out by providing billions.
The activist also said Pakistan was neck-deep in debt and was hiding the real numbers from the world.
“Pakistan’s debt is equal to 88 per cent of its Gross Domestic Product. The total budget is of Rs 7,294.90 Billion. They have also projected a deficit of Rs 3,500 billion but I feel they are trying to conceal the real numbers. The total deficit would be around Rs 4,500 billion and this could even go up to Rs 5,000 billion,” Mirza said.
“They might have said that this budget is for 2020-21 but I feel that they would have to come up with a rolling budget after three months. The crisis is so deep that they will have to reassess their budget every three months and will be forced to come up with a new budget,” he added.