ISLAMABAD: The head of Awami Muslim League (AML) Sheikh Rashid has said that by downgrading Pakistan’s rating, the international rating agency Moody’s has actually rung the ‘bell of default’ for Pakistan.
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Talking to newsmen on his arrival at Supreme Court, which is to announce verdict regarding delay in elections in Punjab and KP after dissolution of provincial assemblies in both the provinces, Sheikh Rashid said Pakistan was becoming a ‘death zone’ and more like a bigger jail for the poor class of the society as some were dying of hunger on road, and some in sea (by committing suicide).
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Sheikh Rashid further said the present government did nothing during their ten months in power except for getting quashed their cases, and that the country was slipping back into the circumstances of 1998 (when Pakistan was strangled with sanctions after nuclear explosions).
The AML Chief said due to political instability in the country, IMF put forward four more conditions like those of 1998, adding that the sales tax too had been increased from 17 to 18 percent. He said the Liquefied Petroleum Gas (LPG) was going to be more expensive, and Petrol was set to become scarce.
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Commenting on the Supreme Court’s Suo Motu case, Sheikh Rashid said “today is the very important day for the democratic history of Pakistan as it will decide whether the country will get economic and political stability, or will slip further into chaos and anarchy.”
