Refusing to take protocol and privileges announced in the National Finance Bill 2012-13, President Pakistan Muslim League-Nawaz (PML-N) Nawaz Sharif said he does not need the resources provided for the former rulers.

While addressing a seminar ‘Pakistan Economy from present crisis to growth and prosperity’, he asserted that he will never use such funds from the public money.

He lashed out at leaders who plundered the national exchequer and went on foreign trips and stayed lavishly in luxurious hotels.

Terming the incumbent government incompetent and failed on all fronts including energy crisis, inflation, poverty, unemployment, health and illiteracy, he said that more than 300 per cent increment had been recorded in the last 12 years in the prices of commodities.

In his view, the current budget had nothing but it was only another fraud with the poor people of Pakistan.

Reminding his past experiences, Nawaz Sharif said that he worked to root out corruption from the country during his terms as chief minister and premierships. He also clarified that he didn’t import any bullet-proof vehicles in his tenures.

He noted, “As terrorist activities saw some let up, the menace of loadshedding started proving itself as terrorism for the people”.

The economy of the country was growing enormously in 1997 and that other regional states were following his economic policies in their own countries, he stated.

The former two-time prime minister observed, “The foreign direct investment is at the lowest in the present times, while debt has risen to a record Rs 1,246 billion in the last four years. Pakistan is the only nuclear-capable state which is facing energy crisis due to which its economy is close to a collapse”.

Nawaz Sharif said the people of the country elected him twice for five years but both the times they were not allowed to complete their terms.  He, however, said they never bargained on the matters of Pakistan’s security.

Advising the government, he said the incumbent could save Rs414 billion every year by bringing reforms in national entities.

In his view, the National Finance Commission Bill was over-estimated as there was a wide gap between projected government’s earnings and expenditures.