ISLAMABAD, Jan 8: Former prime minister and chairperson of Pakistan People’s Party Benazir Bhutto has demanded to use debt deferment money for debt retirement.

In a statement released here Monday by the PPP Media office, she warned against squandering of the compensation of $1.1 billion in debt relief for joining war against terrorism.

“It should be used for relieving Pakistan’s heavy external debt,” she said.

“Unlike Jordan and Egypt the governments of which secured debt relief of ten billion dollars each for joining international campaigns, Pakistan’s government was unable to secure debt relief.”

She said the savings in interest repayments were savings for future generations.

She apprehended that the government would squander it on wasteful and needless pursuits.

“If we start repaying the debt itself, then we can make our country solvent,” she said.

The PPP, she claimed, was a symbol of good economic management.

“PPP believes that money is available for social development through the poverty alleviation programme and for the debt relief through the amount saved by the postponement of debt repayments,” she maintained.