Pakistan Ishaq Dar on Economic Crisis: The economic situation in Pakistan is gradually getting worse and worse. The government has a huge shortage of foreign exchange reserves. Due to the high inflation, the common people are facing difficulties in getting even the bread of June 2. People are addicted to every grain. Many families have to sleep hungry. Meanwhile, the Finance Minister of Pakistan has claimed that everything is fine in his country and only rumors are being spread about the pauper.
Pakistan’s Finance Minister Ishaq Dar says that the opponents are spreading malicious rumors about the pauper, which is absolutely false.
Is Pakistan’s poverty just a rumour?
Finance Minister Ishaq Dar claims that Pakistan is not defaulting. Anti-Pakistan elements are spreading malicious rumors that Pakistan may default. This is not only completely false but also belies the facts. SBP forex reserves are increasing. That’s about $1 billion more than four weeks ago, despite making all outbound payments on time.
Finance Minister Ishaq Dar claims
The Finance Minister of Pakistan further claimed that foreign commercial banks have started providing facilities in Pakistan. He said that our talks with the IMF are about to end and we expect to sign the agreement with the IMF by next week. All economic indicators are slowly moving in the right direction.
Inflation at peak in Pakistan
This comment of the Pakistani Finance Minister has come at a time when there has been a sharp decline of Rs 18.74 against the dollar in the Pakistani rupee in the interbank market on Thursday (March 2). Please tell that Pakistan is facing a serious economic crisis. People of the cash-strapped country are struggling to make ends meet. There has been a huge increase in the prices of petrol, diesel, vegetables, milk, eggs and meat.
In the month of February, the highest ever inflation has been recorded in Pakistan. Pakistan’s inflation rose to 31.55 percent as compared to 27.6 percent in January this year. The inflation rate in February 2022 was 12.2 percent.
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