The present coalition government has lifted Pakistan out of danger, according to Federal Finance Minister Miftah Ismail, as there is no chance of the nation becoming bankrupt.
In an interview during Geo News show “Aaj Shahzeb Khanzada Kay Sath” on Monday, the minister stated that Pakistan Tehreek-e-Insaf (PTI) leader Imran Khan had put the country at risk of default. However, he said, Pakistan is not currently in danger of going bankrupt.
The economic crisis were made worse by flash floods. But we’ll run the economy effectively. The country’s economy won’t be in danger, he continued.
The finance minister added that the government would implement measures to stabilise the currency market within the following four to five days.
He claimed that certain banks offered overpriced dollars as a result of the circumstance. The minister stated that the Prime Minister has taken strict notice of these banks and has requested a report from the Governor State Bank within two days.
Eight banks have also received letters regarding this and will also face penalties.
