Ans: Important steps:
During the last ten years internal and external debts to be paid by the
country had increased almost four times. The government had to pay Rs. 39
billion as interest in financial year 1995-1996. Nawaz Sharif took over as
Prime Minister for the second time on February 17, 1997. He started ‘Qarz
Uturo Mulk Sanwaro’ [retire debt to adore the country] scheme. He
appealed the nation to’contribute to this fund. Public response to his appeal
was enthusiastic, but the scheme could not produce desired result due to
poor management.