Pakistan's Finance Minister Miftah Ismail said on Sunday that despite the devastating floods in the country, we can repay the debt. He said that even after the unprecedented floods in the country, Pakistan will not default on its debt obligations. Heavy floods have caused massive destruction in Pakistan. More than 33 million people have been affected by floods in the country, causing billions of dollars in damage and more than 1,500 deaths across the country so far. After this, there is talk that Pakistan will lag in repaying the debt.
Pakistan able to repay the debt
"Given the challenging environment, the road to stability in the country was already a bit difficult and it has become even more difficult," Finance Minister Miftah Ismail told Reuters news agency. “If we take any decision carefully, we will not default in repaying the loan,” he said. Of course not.' He said that it is due to tough policy decisions that Pakistan has been able to win the trust of the International Monetary Fund (IMF) after several months and has been able to bring the IMF program back on track.
Emphasis on increasing foreign exchange reserves
The Finance Minister said that despite the floods in Pakistan, most of the stabilization policies and targets are still on track, including increasing the depleting foreign exchange reserves. He added that despite receiving $1.12 billion in IMF funding at the end of August, the central bank's reserves stood at $8.6 billion, enough for just one month's worth of imports. He said that Pakistan would still be able to increase reserves by $4 billion. He estimated that the current account deficit would not exceed $2 billion after the floods.
Weather Update Today: A cyclone is forming again in the Bay of Bengal, chances of rain in these states today, and cold will increase
The process of withdrawal of Southwest Monsoon is in the final stages and it will withdraw from many states by next week. According to the Meteorological Department, at present, the line monsoon is
China Flood: Outcry due to heavy rains in China, record of 140 years was broken; 21 people died
Rain in China has broken the record of 140 years. In the last five days, 744.8 mm or 29.3 inches of rain has been recorded in Beijing. These rains are being caused by Typhoon Doksuri. Earlier in 1891,
Turkiye Earthquake: Turkey was again shaken by two consecutive tremors, 3 were killed due to the collapse of many buildings; 213 injured
Turkiye-Syria Earthquake Once again two strong tremors of the earthquake have been felt in Turkiye-Syria. The earthquake occurred at a depth of two km (1.2 mi) from the Turkey-Syria border region. The
G-20 Video: 'This is Delhi, not Russia', you will be shocked to see the security arrangements, DRDO ready to deal with a drone attack
G-20 Summit Video Due to G-20, the security system in the capital Delhi is so tight that no bird can be killed. Police and army personnel are camping everywhere. Due to more strictness in many areas
Rekha attended the film screening of Amitabh Bachchan's grandson Agastya Nanda, Big B seen with family
Rekha The Archies Special Screening: On Tuesday, 5th December, a special screening of Zoya Akhtar's upcoming film 'The Archies' took place. Many star kids are ready to make their debut with this film,
Remember Saeed Ajmal and Shoaib Malik dropping catches... The same scene seen in TNPL, will not stop laughing after watching the video
You must remember that catch of the year 2008 when Pakistan's Saeed Ajmal and Shoaib Malik could not decide who should catch the catch. A lot of memes were made on social media about that catch drop
Himachal Pradesh: Natural disaster wreaks havoc in Himachal, the rescue of 780 people from flood-affected areas in Kangra
Natural calamity has created havoc in Himachal Pradesh. As many as 1,220 roads were closed in Mandi, Shimla, Kullu, district Sirmaur and other affected areas. Due to this, more than two thousand
Road Accident in Kerala: 9 killed and 38 injured in road accident in Palakkad district of Kerala
A road accident took place in the Vadakkanchery area of Palakkad district of Kerala. The Kerala State Road Transport Corporation (KSRTC) bus crashed. 9 died in this bus accident. 38 people were
IMF: G20 will progress in debt relief, crypto and climate sector under the chairmanship of India, said Geeta Gopinath
Gita Gopinath, First Deputy Managing Director of the International Monetary Fund, said that under India's presidency, the G-20 can make concrete progress in three important areas, including debt
Himachal Pradesh: 55 people died due to sky storm, landslides, and cloud bursts in Himachal; hundreds of roads closed
Landslide in Shimla: Heavy rain continues to wreak havoc in Himachal Pradesh. Due to the natural calamity there, life is completely disturbed. There are frequent reports of landslides and cloud bursts