Govt paying Rs7bn interest on daily basis on loans obtained by previous govt: CM


SHANGLA, APRIL 22(APP)::Chief Minister Khyber Pakhtunkhwa Mahmood Khan said on Monday that the government paid Rs7 billion interest every day on loans taken by the previous governments.

Addressing a ceremony at Swat university campus, the chief minister said that government had to take tough decisions to extricate the country from the debt trap and the current economic straits.

He said the government was taking serious measures for uplift of the merged districts to address deeply-rooted sense of deprivation among its people who had to bear the brunt of terrorism.
He said people of the merged districts were patriotic citizens of the country and their matchless sacrifices which they made for the sake of peace would always be remembered in annals of history.

The chief minister reiterated to resolve problems of people of Shangla and Swat at the earliest and added that a network of development infrastructures including roads, hospitals and educational institutions would be laid across the province.

He said education played key role in development of a society and added free education would be provided to children of miners.