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‘2 families pocketed $60bn’: Fawad blames Sharifs, Zardari for debt

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Web Desk
Web Desk
News Stories Posted by ARY News Digital Team

ISLAMABAD: Federal Minister for Information and Broadcasting Fawad Chaudhry said on Tuesday Pakistan’s total debt stood at $37 billion until 2008.

He said in a tweet that the loans taken during a period between 1947 and 2008 were spent to construct Mangla and Tarbela dams, naval bases, motorways, Gwadar, and to buy military equipment.

“From 2008 to 2018, the foreign debt shot to $97 billion, meaning an increase of US$60 billion. The question is that where did all that money go?”

“Two families distributed this money among themselves,”he alleged, adding the two families used the “Hudaibya fraud model” time and again, and sent the money abroad by way of Hundi and Hawala.

“Fake accounts and fake people were used. Nawaz, Shehbaz, and Zardari are the main characters of this saga [money laundering] with dozens of other people with side roles.”

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