Karachi: Pasban Democratic Party PDP Chairman Altaf Shakoor here Sunday said that the trap of foreign loans would never bring political stability in the country as the international lenders have their own economic and political agenda that may not be compatible with the national interests of Pakistan and Pakistanis.
He said our economy is dying due to very heavy foreign loans. Even to pay interest on these loans we have to get even more foreign loans and this is an unending deadly debt trap that is strangulating our economy. He said the recent standby loan agreement with the International Monetary Fund (IMF) is the example of new loans for the sake of old loans. He said the foreign loans would never bring economic instability in Pakistan and moreover they would also never bring political stability in our country as every loan has its own overt and covert strings attached.
He said that a long-term stable national government or acceptable political setup is the only solution to this issue. He said new elections are a must but if they didn’t bring political and economic stability in the country then the new elections would also be a useless exercise. He suggested a new political alliance of all patriotic political parties of the country to form a broad-based long-term plan aimed at improving political and economic stability in the country and to get rid of the loan trap. He said all political parties should shun their petty differences to forge a broad based alliance for furthering a sustainable political and economic stability for the sake of our coming generation. He urged all constitutional institutions also to play their due role in this regard to make the future of the country safer and brighter.
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