Pakistan sitting on 'dead capital' in form of state land: PM

ISLAMABAD: Prime Minister Imran Khan, while sharing the figures of state land and buildings in the country, said Pakistan which has to borrow money to pay interest on its loans has “dead capital” worth billions of rupees.

In a tweeter statement, the premier said the country that has to borrow money to pay interest on its loans has a huge amount of dead capital in the form of state-owned buildings and land.

He said: “So a country that has to borrow money to pay interest on its loans (burdening our future generations) – & daily interest payment is Rs 5 b – is sitting on huge amounts of dead capital (just 90% of urban holdings is worth Rs 300b) in the form of this govt-owned land with buildings.”

“I have just got figures of 90% of state-owned land in KP, Punjab & federal areas & rest houses/official residences built on this land. The figures are startling: 34,459 kanals are rural & 17,035 kanals are urban. Just the urban land with buildings is worth over Rs.300 billion!”

So a country that has to borrow money to pay interest on its loans (burdening our future generations) – & daily interest payment is Rs 5 b – is sitting on huge amounts of dead capital (just 90% of urban holdings is worth Rs 300b) in the form of this govt-owned land with buildings https://t.co/Mj3Nvnt7xE

— Imran Khan (@ImranKhanPTI) September 10, 2018