Punjab govt inherited Rs1,300b liabilities: Buzdar

LAHORE: The PTI-led government inherited liabilities of Rs1,300 billion when it came into power in 2018.

This was said by Chief Minister Usman Buzdar in a statement on Tuesday. He said the past rulers abandoned 4,000 incomplete schemes and cheques valuing Rs56 billion were bounced due to lack of cash cover as the past rulers left a drained-out treasury. Meanwhile, the past government took overdrafts of Rs 41 billion, he maintained. He said the past government, intentionally, left various schemes incomplete including the new Punjab Assembly building, Wazirabad Institute of Cardiology, Trimmu Thermal Power Project, Pakpattan Hydropower Project, Marala Hydropower Project, PKLI and Orange Line Metro Train, etc.

The story of institutional decay during the 'decade of destruction' cannot be explained in words, he regretted. In fact, there is a long list of incomplete schemes and the PTI government worked day and night to rectify the direction of the province by introducing holistic reforms to improve governance and service delivery. The government is providing ample resources to every district to ensure composite development in different areas of the province, the CM concluded.