Pakistan minister confesses nation has already gone bankrupt, asks individuals to face on their ft
3 min readPakistan’s defence minister’s assertion got here because the nation has been witnessing record-high inflation, even for bread and water. He mentioned that Imran Khan had devised such a recreation that now, terrorism was Pakistan’s future.
New Delhi ,UPDATED: Feb 18, 2023 20:26 IST
Pakistan Defence Minister Khwaja Asif (File Photo)
By India Today Web Desk: Grappled in an unprecedented financial disaster whereby the value of a litre of milk has surged to Pakistani Rs 250 and hen, a staple eating regimen of Islamabad, has shot as much as Rs 780 per kg, the defence minister declared the nation is now “bankrupt”.
Addressing a convocation occasion in Sialkot, the minister and PML-N chief Khwaja Asif mentioned that individuals should have heard that Pakistan has defaulted and there exists an (financial) meltdown, which stands appropriate.
The minister’s assertion got here because the nation has been witnessing record-high inflation, even for bread and water. Asif mentioned that Pakistan has not been defaulting, however has “already defaulted”.
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“We are residents of a bankrupt country. People have been saying that Pakistan has defaulted and there exists an (economic) meltdown, but all that has already happened and we need to stand on our feet,” Asif mentioned.
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At the occasion organised at a personal school, Khwaja Asif even slammed the previous PTI-led Imran Khan authorities for spewing terrorism within the nation and permitting the menace to return to Pakistan. Reports counsel that he even mentioned that Imran Khan had devised such a recreation that now, terrorism was Pakistan’s future.
Speaking concerning the ongoing disaster within the nation, he declared the nation was bankrupt and that the answer to the issue was current in Pakistan. “But we are looking towards the IMF for help,” he mentioned.
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A video of Khwaja Asif confessing about Pakistan’s chapter has gone viral and members of the Opposition, together with PTI (Pakistan Tehreek-e-Insaf), have been fast to sentence the incumbent PML-N’s regime. They mentioned that Prime Minister Shehbaz Sharif had introduced Pakistan to a “sorry state” in merely 10 months.
Defence Minister of Imported govt admits that Pakistan is already in default. In 10 months they’ve introduced Pak to this sorry state – Shameless lot promoting out the nation & holding on to energy as an alternative of letting nation select their ldrs via elections. pic.twitter.com/IHbREnbAhK
— Shireen Mazari (@ShireenMazari1) February 18, 2023
Pakistan secured a USD 6 billion IMF bailout in 2019. It was topped up with one other USD 1.1 billion in 2022 to assist the nation following the unprecedented floods. But the IMF suspended disbursements in November on account of Pakistan’s failure to make extra progress on fiscal consolidation amid political turmoil within the nation.
Pakistan’s current international change reserves are mentioned to be on the cusp of absolute depletion with lower than three weeks’ price of import cowl.
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Published On:
Feb 18, 2023
