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The former chairman of Pakistan's Federal Board of Revenue Shabbar Zaidi has said that the country is "bankrupt" and it is better to recognise the reality than "living in illusion".
Zaidi -- who was chairman of the apex tax authority from May 10, 2019 to January 6, 2020 -- also called for transparency in the China-Pakistan Economic Corridor (CPEC) project. 
A video clip of Zaidi's speech was shared widely on social media. As soon as the video went viral, Zaidi on Thursday claimed that his statement had been made on a "basis & conviction".
In a tweet later on Thursday, the former FBR head said Pakistan's total foreign debt stood at over USD 115 billion, while its current account deficit was between USD 5 billion to USD 8 billion.

Is Pakistan completely bankrupt?

Is Pakistan really broke? Well, that's what country's Federal Board of Revenue, Shabbar Zaidi has to say. 
Watch his whole statement here

Start with byte full thing ! only one super .. Pakistan bankrupt says former head of revenue of the country.&nbsp; That was the&nbsp;former chairman of Pakistan's Federal Board of Revenue Shabbar Zaidi&nbsp;who made it abundantly clear that Pakistan is living in an illusion if it does not recognise that the economy is bankrupt.&nbsp; A video clip of Zaidi's speech was shared widely on social media. As soon as the video went viral, Zaidi on Thursday claimed that his statement had been made on a "basis &amp; conviction".&nbsp;Zaidi later took to Twitter to say that "only three minutes of his speech have been cherry-picked" and circulated. He said he spoke about the solution as wel

The former chairman of Pakistan's Federal Board of Revenue Shabbar Zaidi: When will we be able to pay that debt? It is better to recognise the reality than living in illusion. We need to have a reality check.&nbsp;

The former chairman of Pakistan's Federal Board of Revenue Shabbar Zaidi has said that the country is "bankrupt" and it is better to recognise the reality than "living in illusion".
Using the accounting term "going concern" as a reference point for the audience, Zaidi said that he believes the country, at the moment, has gone bankrupt.&nbsp;Zaidi added that it is better to accept that a country's economy has gone bankrupt and find solutions rather than deceive people by claiming that it is doing well.
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 A video clip of Zaidi's speech was shared widely on social media. As soon as the video went viral, Zaidi on Thursday claimed that his statement had been made on a "basis &amp; conviction".&nbsp;Zaidi later took to Twitter to say that "only three minutes of his speech have been cherry-picked" and circulated. He said he spoke about the solution as well.

Pak: 14, including 7 soldiers, killed in oil convoy ambush

Militants ambushed a convoy of oil and gas workers escorted by paramilitary troops in Pakistan&rsquo;s restive&nbsp;province of Baluchistan, killing 14 people, including 7 soldiers

Militants ambushed a convoy of oil and gas workers escorted by paramilitary troops in Pakistan&rsquo;s restive&nbsp;province of Baluchistan, killing 14 people, including 7 soldiers. The attack was carried out on Thursday on the state-run Oil &amp; Gas Development Company Ltd workers in Gwadar district. The Pakistan Army confirmed that the militants had also sustained heavy losses in the exchange of fire and seven soldiers and seven private security guards were killed in the attack. It said that the attack was pre-planned and the militants had prior information about the convoy going to Karachi.

Karachi, PTI: Militants ambushed a convoy of oil and gas workers escorted by paramilitary troops in Pakistan&rsquo;s restive southwestern province of Baluchistan, killing 14 people, including 7 soldiers.
The attack was carried out on Thursday on the state-run Oil &amp; Gas Development Company Ltd (OGDCL) workers in Ormara town in Gwadar district.
The Inter-Services Public Relations (ISPR), the media wing of the Pakistan Army, confirmed that the militants had also sustained heavy losses in the exchange of fire and seven Frontier Corps (FC) soldiers and seven private security guards were killed in the attack.
"The terrorists attacked the convoy from the mountains near Ormara on the Balochistan-Hub-Karachi coastal highway and heavy exchange of fire took place. The convoy was returning to Karachi from Gwadar,&rdquo; a top police official in Gwadar said.
He said it was a planned attack and the militants had prior information about the convoy going to Karachi.
"They were waiting for the convoy. Despite the FC and security guards losing their lives, the other FC personnel managed to safely get the convoy away from the spot near Oramara,&rdquo; the official said.
Gwadar port is the focal point of the USD 60 billion China-Pakistan Economic Corridor (CPEC) development projects and a number of officials of the state-owned institutions and foreigners work at the port city under heavy security cover.
The ISPR, without giving the exact numbers, said a &ldquo;large&rdquo; number of terrorists had attacked the convoy.
"Security forces responded effectively, ensured security of the OGDCL persons and managed their safe exit from the area," it said in a statement, adding that "substantial losses were also incurred to the terrorists" during the exchange of fire.
According to the ISPR, the security forces have cordoned off the entire area and a search was underway for the militants involved in the attack.
No banned separatist or terrorist outfit or group has claimed responsibility for the attack.

pakistan economic corridor

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