All Pakistan Muslim League (APML) has expressed deep concern over the country's poor financial condition, saying in the absence of any foreign assistance the economy is on the verge of bankruptcy. Finance Secretary of APML Mansoor Moin told a delegation of the business community that financial loans of the government have shoot up 1,200 billions of rupees from the State Bank, while 509 billions of rupees from the commercial banks.
It has never happened in the country's history that any government had taken loans in such a hefty amount, he said. Moin said, "It has become difficult for the commercial banks to get new investment and if there is no injection of investment in banks, employment will on rise posing threats to law and order situation and further increase in price hike," he added.
APML leader said former President Pervez Musharraf is the only leader who can bring the country's financial and economic condition back on track, because he is the leader who has the political and economic consideration to the gigantic challenges faced by the country, he added.
The business and traders community is looking towards Pervez Musharraf to return to Pakistan as he has already proved that he could bring the foreign investment in the country and improve the economy, he said. Moreover, the APML secretary information Asia Ishaq has slammed the PPP-led government over worst load shedding in the country, which has crumpled the routine life.
Asia said the worst ever load shedding and rampant corruption has caused harm to the country as well as countrymen apart from halting the industrial process. She also expressed concern over load shedding at the time of 'Sehri' and 'Iftaar.' She added that rulers have no concern with plight of countrymen and are busy in plundering of national wealth.
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