Business
Country has gone bankrupt, says former chairman FBR Shabbar Zaidi
Country needed to decide that it was moving towards bankruptcy rather than saying that “we’ll do this or that” implying that political rhetoric amounted to betraying people
![Country has gone bankrupt, says former chairman FBR Shabbar Zaidi](/media/10590/conversions/shabbar-1280x720.webp)
KARACHI: Making a bombshell disclosure, former Federal Board of Revenue (FBR) chairman Shabbar Zaidi has stated that the country has gone bankrupt on Thursday.
Addressing a ceremony, Shabbar Zaidi said, “Pakistan as an entity is bankrupt. As we say in accountancy, it’s not going concern in today’s position. We say that everything is good, we brought ‘Tabdeeli’ (change) but this is wrong, in my view, the country in this moment is bankrupt.”
The former FBR chairman held that the country needed to decide that it was moving towards bankruptcy rather than saying that “we’ll do this or that” implying that political rhetoric amounted to betraying people.
Responding to the statement of ex-FBR chairman, a spokesperson for the Finance Minister, Muzzammil Aslam countered Zaidi’s claim saying that the country had gone bankrupt twice and that was in 1998-99 during PML-N’s tenure and in 2009 during PPP’s tenure.
اگر میری یاداشت سہی ہے تو پاکستان دو دفعہ دیوالیہ ہوا۰ پہلی دفعہ PMLN دور میں جب 1998-99 میں فارن کرنسی اکاؤنٹ فریض ہوئے۰ اور دوسری دفعہ 2009 میں PPP نے اسٹاک مارکیٹ فریض کی تھی۰ البتہ 2018 میں PTI کو دیوالیہ معیشت ملی نہ قرض اتارنے اور خسارہ کے پیسے۰ کرونا کے باوجود ریکارڈ زخائر https://t.co/fdCZIgwava
— Muzzammil Aslam (@MuzzammilAslam3) December 15, 2021
Later in his statement on social media, Shabbar Zaidi said that his statement was being misreported in a private university.
According to the former FBR chairman, he had only said that the current account and fiscal deficit issues were showing a situation like bankruptcy.
It is pertinent to mention here that Shabbar Zaidi was the chairman FBR from May 10, 2019 to April 8, 2020 in the government of Prime Minister Imran Khan.
-
Pakistan 6 hours ago
NA Speaker issues production for PTI parliamentarians
-
Pakistan 11 hours ago
NA Speaker 'Charter of Parliament' idea to end hostility
-
Pakistan 12 hours ago
Amna Baloch assumes charge as Pakistan’s 33rd Foreign Secretary
-
Pakistan 8 hours ago
New Mpox case in KP raises Pakistan’s total to six
-
Business 9 hours ago
IPP announces reduction in electricity price
-
Pakistan 10 hours ago
PTI stresses NA speaker to do more for parliament's sanctity
-
Pakistan 6 hours ago
JUI (F) will remain part of opposition, Maulana Fazal-ur-Rehman reaffirms
-
Pakistan 10 hours ago
Finance Division amends Pay and Pension Rules 2020 for federal employees