PML-N, PPP took $60bn loan, divided money among them: Fawad Ch
PML-N, PPP took $60bn loan, divided money among them, says Fawad Chaudhry.
ISLAMABAD (Dunya News) – Federal Minister for Information and Broadcasting Fawad Chaudhry Tuesday said Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) took $60 billion loan and distributed the money among them.
The Pakistan Tehreek-e-Insaf (PTI) leader took to Twitter and wrote that Pakistan’s external debt from 1947 to 2008 was $37 billion. He said mega projects like Mangla and Tarbela dams, naval bases, Gwadar port and motorway were built with the $37 billion loan and Pakistan Army was equipped with modern weaponry.
The foreign loan surged to $97 billion from 2008 to 2018 as PML-N and PPP collectively took $60 billion loan in ten years but no one knows where the money was spent, he said.
Fawad Chaudhry claimed that the wealth was divided among themselves by two families who used the Hudaibia model of fraud time and again. The money was illegally sent abroad through Hundi and Hawala using fake accounts and people, he said.
“There are dozens of people who played side roles in this unlawful activity but Nawaz Sharif and Asif Ali Zardari are the main characters,” he concluded.
