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Shehbaz Sharif slams PTI government over ‘economic losses’

$500 million loss to national exchequer proof of govt's crimes: Shahbaz. (Source: File)

LAHORE: Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif has slammed the PTI-led federal government, asserting that a loss of $500 million to the national exchequer in just three months is “proof of the government’s crimes”.

Taking to Twitter on Sunday, the PML-N president said that the State Bank of Pakistan’s (SBP) Second Quarterly Report and National Electric Power Regulatory Authority (NEPRA)’s State of Industry Report are “proof of PML-N’s truth and government’s lies”.

“The government has punished the people by buying LNG that is 30 percent more expensive than the market,” he said. According to Shehbaz, he “regrets” that the National Accountability Bureau (NAB) “does not see what is happening today”.

“NEPRA’s report has proven that what we said was true,” he added. Shahbez went on to say that instead of running cheap power plants, “the nation’s pockets were bled dry” with the production of expensive power.

He further said the people’s troubles were “exacerbated by the use of plants that not only produced expensive power but have a low production capacity”. “Running expensive power plants has increased the financial burden on the country and losses to the people,” he said.

Referring to the SBP’s second quarterly report, the Opposition Leader in National Assembly said that it is “proof that LNG reduced the cost of electricity”. “Thank God that even with a government exacting political revenge, a testimony for our service and honesty to the country has come to the fore,” he added.

The former Punjab chief minister said that the “hard work” that the PML-N did in its tenure, “saved the nation’s wealth, and gave the people relief, thank God”. Shahbaz said that the prices of petroleum products “accounted for one-third of the 22.7% drop in imports through our hard work” adding that it was “a victory for Nawaz Sharif’s vision”.