All corrupt leaders in Pakistan will go to jail: Imran Khan

Agencies
October 26, 2018

Islamabad, Oct 26: Promising that all corrupt leaders will go to jail, Prime Minister Imran Khan has said that no politicians and officials who have put Pakistan into the debt trap through their corrupt practices will get protection from any legislation like the defunct National Reconciliation Ordinance (NRO).

The controversial NRO was promulgated in October 2007 by the government of then-president Gen Pervez Musharraf. Under the ordinance, cases against politicians were removed, paving the way for many of them to return to the country. It was declared unconstitutional by the Supreme Court of Pakistan in December 2009.

Addressing the nation on Wednesday to share the details of his efforts to bring cash-strapped Pakistan out of financial difficulties, Prime Minister Khan lashed out at the previous governments for raising Pakistan's debt to Rs 30,00,000 crore.

In a reference to the PPP and PML-N, Khan said the opposition parties that are accusing his government of incompetence are doing so because they fear that "their corruption will be unearthed when we do an audit of the Rs 30,00,000 crore.

"They just want an NRO from us," he said. "I want to give them a message: 'open your ears and hear this: you can come out on the streets. We will give you containers and give you food. You can do whatever you want in the assemblies... (But) no one will get an NRO'," he was quoted as saying by the Dawn.

"No corrupt person will be let go," Khan said, recalling that he had been elected by the nation on the promise that he will "put the corrupt people in jails".

The premier said the country has no future until and unless corruption is rooted out.

"The fake bank accounts... where is all this money coming from? The money is being stolen (from the nation). The country's leaders then have to go and ask for loans abroad... because dollars are laundered out of the country," he said.

He said the entire burden of loans taken by corrupt officials falls on the nation. Taxes are imposed and prices are raised in order for the country to be able to pay back the loans.

"This is the cycle that is functioning in Pakistan... a small class is growing wealthier, while the masses are becoming poorer."

In order to break this cycle, Khan said, the government will ensure accountability is carried out "no matter what anyone does".

Urging the nation to not be dismayed by the economic difficulties, he said his government was cracking down against corruption and money laundering.

"Don't worry at all," he told the nation, adding that people who tolerate a corrupt leadership, unfortunately, have to pay the price for it.

He said the government is making all-out efforts to prevent stolen money from flowing out of the country.

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News Network
May 13,2020

New Delhi, May 13: Vice President M. Venkaiah Naidu on Wednesday said that Prime Minister Narendra Modi's announcement of Rs 20 lakh crore stimulus package "will go a long way in overcoming challenges" posed by the COVID-19 pandemic.

"Welcome the Rs. 20 lakh crore stimulus package announced by the Prime Minister, Shri Narendra Bhai Modi Ji to revive economy, boost efficiency of various sectors through reforms & make India self reliant and resilient. #AtmaNirbharBharatAbhiyan," the Vice President tweeted.

Calling the reforms as the "need of the hour", he further said: "Bold reforms are the need of the hour to realize the dream of #AtmanirbharBharat."

Expressing confidence in the five-pillar approach, he said that it would help promote local industries "while making India face global competition effectively".

"I am confident that a focused approach on the five pillars- Economy, Infrastructure, Technology driven System, Vibrant Demography & Demand--will promote local industries led growth while making India face global competition effectively. #AtmaNirbharBharatAbhiyan," he said.

"I am certain this timely economic package will go long way in overcoming challenges posed by the unprecedented COVID-19 pandemic. #AtmaNirbharBharatAbhiyan #IndiaFightsCorona," he wrote on the micro-blogging site.

The Prime Minister had on Tuesday announced Rs 20 lakh crore special economic package for the country to become 'self-reliant' and deal with COVID-19.

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Agencies
March 6,2020

Up to 2,241 new cases of COVID-19 have been reported across the globe as of Thursday, bringing the total count to 95,333, according to the latest official data by the World Health Organization (WHO).

Five countries, territories and areas reported COVID-19 cases for the first time in the past 24 hours, the Xinhua news agency reported.

WHO Director-General Tedros Adhanom Ghebreyesus emphasised the importance of implementing a comprehensive approach to mitigate the impact of the virus in a briefing on Wednesday.

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News Network
April 12,2020

Apr 12: India and other South Asian countries are likely to record their worst growth performance in four decades this year due to the coronavirus outbreak, the World Bank said on Sunday.

The South Asian region, comprising eight countries, is likely to show economic growth of 1.8 per cent to 2.8 per cent this year, the World Bank said in its South Asia Economic Focus report, well down from the 6.3 per cent it projected six months ago.

India's economy, the region's biggest, is expected to grow 1.5 per cent to 2.8 per cent in the fiscal year that started on April 1. The World Bank has estimated it will grow 4.8 per cent to 5 per cent in the fiscal year that ended on March 31.

"The green shoots of a rebound that were observable at the end of 2019 have been overtaken by the negative impacts of the global crisis," the World Bank report said.

Other than India, the World Bank forecast that Sri Lanka, Nepal, Bhutan and Bangladesh will also see sharp falls in economic growth.

Three other countries - Pakistan, Afghanistan and the Maldives - are expected to fall into recession, the World Bank said in the report, which was based on country-level data available as of April 7.

Measures taken to counter the coronavirus have disrupted supply chains across South Asia, which has recorded more than 13,000 cases so far - still lower than many parts of the world.

India's lockdown of 1.3 billion people has also left millions out of work, disrupted big and small businesses and forced an exodus of migrant workers from the cities to their homes in villages.

In the event of prolonged and broad national lockdowns, the report warned of a worst-case scenario in which the entire region would experience an economic contraction this year.

To minimize short-term economic pain, the Bank called for countries in the region to announce more fiscal and monetary steps to support unemployed migrant workers, as well as debt relief for businesses and individuals.

India has so far unveiled a $23 billion economic plan to offer direct cash transfers to millions of poor people hit by its lockdown. In neighbouring Pakistan, the government has announced a $6 billion plan to support the economy.

"The priority for all South Asian governments is to contain the virus spread and protect their people, especially the poorest who face considerable worse health and economic outcomes," said senior World Bank official Hartwig Schafer.

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