Pakistan’s foreign debt has reached a level that even the future generations will not be able to pay off, Prime Minister Shehbaz Sharif said on May 28.
“Imran Khan’s government took such hefty amount of loans that our generations might not be able to pay them,” Sharif said in a public address, referring to his predecessor, Pakistan-based The News reported.
Sharif’s remarks came after the government raised fuel prices by 30 rupees ($0.15) per liter on May 27. Petrol now costs 179.86 rupees ($0.90), diesel costs 174.15 rupees ($0.88), kerosene costs 155.56 rupees ($0.78), and light diesel costs 148.31 rupees ($0.75).
Sharif said the move was necessary to safeguard the nation’s economy, and because the previous administration had “emptied” the national exchequer….