Islamabad, May 1 -- Drawing a comparison with India, Pakistani opposition leader Maulana Fazlur Rehman, in his inaugural address in Parliament, said while the neighboring country was striving to become a "global superpower", Pakistan was headed towards "bankruptcy".

"In August 1947, India and Pakistan got Independence together. Today, India is dreaming of becoming a global superpower, while we are begging to avoid bankruptcy. Who is responsible for this?" Fazlur Rehman, chief of the Jamiat Ulema-e-Islam Pakistan, asked fellow lawmakers.

Cash-strapped Pakistan is receiving a $3 billion bailout funding package from the International Monetary Fund (IMF), and the agency agreed to immediately disburse its final tranche. Islamabad is planning...