With much of strange by everyone, Pakistan’s government plans to collect the revenue by selling more than 100 luxury cars failed badly as they managed to sell only 60 cars. Imran Khan’s government earlier announced to cut all the unnecessary expenses to pay the mountain size debt and liability.
As per the sources, the auction popularly known as “the nation’s wealth to its rightful owners” raised about just 200 million rupees against the predicted amount of ten times more by Pakistan’s Government.
Imran Khan who took the office as the new PM of Pakistan and made international news had announced to cut the over expenses of Pakistan’s government by selling public lands, vehicle and other properties.
while addressing a public meet on Friday, Imran Khan said, “It’s a change of mindset. I will be counting every single rupee I have to spend on me”.
The luxury sold vehicles include three 5000cc SUVs, four models of Mercedes Benz, eight bullet-proof BMWs and two 3000cc SUVs of 2016 model. There were around 500 attendees present at the auction on Monday.
However, the opposition parties labelled the auction of Pakistan’s government luxury vehicles as the publicity stunt and said that the auction of the cars is not a new thing as over-aged cars have been sold in the past too with less publicity.
Apart from luxury cars, eight buffaloes kept by the jailed ex-PM Nawaz Sharif were also sold as an Imran Khan’s austerity drive.
According to the media reports, Pakistan’s government has landed upon the debt and liability of about Rs 30 trillion which is 87% of the total size of the economy.
Analysts, however, predict Pakistan’s government have to take the more stricter policy to pay the over-sized debt which will be reflected by the wider austerity policy that will be unveiled by the Finance Minister Asad Umar on Tuesday.