Pakistan, which is facing a financial crisis, may have a situation like Sri Lanka. Pakistan's Finance Minister Miftah Ismail has warned that the coming days are going to be bad for the cash-strapped country. He said the government would continue to control imports for the next three months. Shahbaz Sharif's government has blamed the previous Imran Khan government for the current situation in the country.
The Pakistani Finance Minister said- 'We are on the right track, but we can see bad days. If we control our imports for three months, we can boost our exports in many ways. The present government has to save the country from possible defaults and take immediate short-term measures. No country can grow more stable with such a current account deficit.
The country's budget deficit reached $ 3500 million
At an event in the Pakistan stock market, Ismail said that the government of Prime Minister Shahbaz Sharif is bearing the brunt of the economic policies of the previous Imran Khan government. Ismail was quoted by Geo TV as saying, 'The budget deficit of the country was $1,600 billion during the tenure of the Pakistan Muslim League-Nawaz (PML-N) government. In the last four years, this figure has increased to $ 3500 million under the government of Pakistan Tehreek-e-Insaf (PTI). If the current account deficit is so high, no country can grow, nor can there be stability.
Imports of $ 80 billion, exports of only $ 31 billion
Ismail said, 'I will not allow increasing imports for three months and in the meantime, we will bring the policy. Growth will be affected to some extent but there is no other option. In the last financial year, Pakistan imported $80 billion while exports amounted to $31 billion. Let us tell you that Pakistan is pleading for a loan from the International Monetary Fund (IMF) but till now it has not got relief.
UP PET 2022: UP PET exam started, if you are joining then know the important rules
UP PET 2022: Uttar Pradesh Subordinate Services Selection Commission (UPSSSC) is going to conduct
JNU UGC: JNU Vice Chancellor met UGC President, discussed various issues
Jawaharlal Nehru University Vice Chancellor Shantisree Dhuli Pandit has met UGC President M Jagad
The Pakistan cricket team and its players always find ways to create a ruckus. Before the start o
The SIT set up to investigate the horrific human sacrifice of two women in Kerala's Pathanamthitt
Heavy Rain: Heavy rains affected life in Kerala, red alert in eight districts
Incessant rains in Kerala for the past two days have thrown life out of gear. At the same time, t
DU Admission 2022: Despite the admission process in the third round of seat allotment at Delhi Un
During the discussion on the Government of the National Capital Territory of Delhi (Amendment) Bi
Director Om Raut's film 'Adipurush' has been embroiled in controversies since its release. There
The country changed, the opposition team changed, the tournament changed... just one thing didn't
YouTuber Purav Jha was recently seen in Amazon Prime Video's reality show "The Traitors". Karan J
