Pakistan needs early elections to save democracy and economy

Islamabad(BBC ASIA) Pakistan Tehreek-e-Insaaf Chairman Imran Khan has said in a tweet that Pakistan has needed early elections to save democracy and economy of the country. PMLN has destroyed the economy as revealed by the World Bank report.

Imran in earlier tweets made references to a World Bank report on the state of Pakistan’s economy.

The World Bank on Thursday raised alarms for Pakistan’s economy and predicted that inflation would increase to six per cent next year as it linked Pakistan’s bullish economic prospects with the continuation of reforms to address the current and fiscal account deficits.

In its twice-a-year Pakistan Development Update, The World Bank said macroeconomic imbalances have significantly worsened over the last nine to 12 months. It said long-terms fiscal reforms, especially those aiming to broaden the tax net and ensure tax compliance, would improve fiscal outcomes, while reforms to improve the competitiveness of the export sector and the economy will contribute to improved external balances and attract more foreign direct investment to meet the country’s external financing needs.

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