NAWAZ SHARIF’S Ill-CONSIDERED ECONOMIC DECISIONS

[Azad_ Kashmiri]

NAWAZ SHARIF’S CORRUPTION

1. 1. CORRUPTION CASES Nawaz Sharif and his cronies have always been working to plunder Pakistan’s wealth as their sole agenda. He expanded his business empire by misusing his authority as Chief Mi…

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Nawaz Sharif’s ill-considered economic decisions cost Pakistan dearly! But the Sharif family’s personal business empire grew exponentially through questionable means.
Nawaz Sharif, during his tenure as Chief Minister Punjab from 1988-90, deprived the provincial departments of Rs. 15.35 billion. In addition in 1997-99 he caused huge loss amounting in 11 billion US dollars to private account holders by freezing foreign currency accounts contrary to the law and constitution wherein he and his cronies managed to get away with huge sums even after the freeze. Billions of dollars were removed from the banks without the permission/consent of the account holders but the accounts of common Pakistanis were withheld.
In last two and half years, Shahbaz Sharif wasted more than 40 billion rupees in “Sasti Roti” and other subsidized food schemes that had been initiated to earn cheap popularity and to benefit their political supporters. Admittedly these funds have been distributed amongst their own supporters without any audit just to gain political mileage. A huge chunk of these funds has been disbursed by the ghost “Tandurs” (burners) owners. Inflation and un-employment is rocketing day by day due to the ill-conceived decisions of the provincial government. This is one of the reasons that Punjab could not help flood victims at the time because they had utilized their funds in senseless politically motivated schemes and now have an overdraft amounting Rs. 80 billion.

 

[Neelo]

His objective is to retain his own family wealth. Nothing else.