PTI govt drowns KPK with Rs 3 trillion loans 

The Pakistan Tehreek-e-Insaf (PTI) government in Khyber Pakhtunkhwa (KP) has been indebted to a loan of around Rs 3 trillion burdening the people of KP.

PTI’s Central Deputy Secretary Information Shaukat Yousufzai while talking to Geo News, revealed that the whooping amount borrowed by the KP government would take decades to be repaid. He said that the amount would be generated from the projects for which the money had been borrowed.

Yousufzai shared that the reason behind the loan was due to the Centre not giving funds to KP on time. According to the documents available with Geo News,  the PTI government borrowed Rs 41.88 billion from Asian Development Bank (ADB) for Bus Rapid Transit alone while the rest was being spent on Pehur High-Level Canal in Swabi, solarisation of basic health units, schools and electricity.

Apart from this amount, the KP government is waiting to receive another huge amount from  World Bank and ADB of Rs 2 trillion for 10 other projects.

The document also reveals that the government has borrowed more than the previous government Awami National Party(ANP) did in KP. The ANP government during their tenure in 2007-2013 had borrowed approximately Rs 21 billion.

Yousufzai, however, stated that the money borrowed by the previous government was not spent on development work and had gone into people’s pockets. Whereas, PTI would be giving each and every detail about the amount spent.