Finance Minister rubishes rumors of default, smashes PTI for weakening economy

ISLAMABAD: Despite the country’s precarious situation, Federal Minister for Finance and Revenue Senator Mohammd Ishaq Dar stated here on Friday that there was no chance of a default. Pakistan hasn’t defaulted and won’t default, either. Yes, we were in a precarious situation, but we are now moving past it, the federal minister said during a press conference in this city. Although the State Bank of Pakistan’s (SBP) reserves were down to $2.8 billion, he claimed that the country’s total reserves were still $9 billion. He remarked that it was odd that Imran Khan has continued to discuss the default despite the fact that it was he who brought the economy to this point.

It was his finance minister who was caught advising the provincial minister KP not to cooperate with the federal government and let not the issue with International Monetary Fund (IMF) be resolved.

He said, when the incumbent government took over, it was left with options either to save politics or the country, and it had chosen the second one, which was an appreciable decision.

He said, in other parts of the world when any country faces issues of national interest, the opposition joins hands with the government to resolve it, however the situation is contrary in Pakistan.

He said, instead of joining hands to think about how to steer through the crisis, Imran Khan only knows how to criticize the government and inflict losses on the country.

He said when Imran Khan speaks negatively, it is noted worldwide and have impact on markets.