Senators demand Dar’s resignation due to Pakistan’s economy being in peril

Islamabad: Finance Minister Ishaq Dar’s position is becoming untenable as opposition senators voiced their ire and demanded his resignation due to a negative economic position of the country.

This development comes in wake of Chief of Army Staff General Qamar Javed Bajwa’s statement on Wednesday and as Dar legal problems keep compounding, reported a local newspaper.

In a Senate Standing Committee on Finance hearing, Muttahida Qaumi Movement Senator Nasreen Jalil said Dar should hand over his resignation after the statement given by the army chief regarding the economy being in a grave situation.

Jalil said the finance ministry had come to a halt in wake of the finance minister’s legal troubles and he is being occupied by his defence. And she added if the committee didn’t pass a resolution for Dar’s resignation, he would be held responsible for further worsening of economic indicators.

Previously, the call for his resignation had been called for in a committee meeting over his indictment by an accountability court by having assets beyond his known sources of income.

Dar has been accused for Pakistan’s bludgeoning debt and on average every Pakistan owes Rs120,381 in debt opposed to Rs91,000 in 2013. During four years of PML-N’s tenure this translates to 32pc increase.

Chairman Senate Standing Committee on Finance, Saleem Mandviwala said if debt went over $100b, the country could default on its obligations, he warned.

PPP Senator Osman Saifullah called for providing an opportunity to Dar for offering an explanation on how he was handling the economy and to attend a committee meeting.

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