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Pakistan faces no default risk: Miftah Ismail

by Hamza Irshad
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The present coalition administration 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 with Geo News’ “Aaj Shahzeb Khanzada Kay Sath” on Monday, the minister charged that Pakistan Tehreek-e-Insaf (PTI) leader Imran Khan had put the country at risk of default.

Flash floods around the nation worsened the [economic] situation, but we’ll manage the economy skillfully and the country’s economy won’t be in danger, Ismail Miftah said.

The finance minister added that the government would implement measures to stabilize 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 Governor of the State Bank has been ordered to provide a report within two days after the Prime Minister took strong note of these banks.


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