Finance Minister bemoans those discussing Pakistan’s bankruptcy

Pakistan was the 22nd largest economy in the world, but due to political instability, it was 47th in 2022, says Ishaq Dar

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Finance Minister Ishaq Dar has said that the people who have been saying for the last year that Pakistan will go bankrupt should be ashamed.

Talking to the media in Islamabad, Ishaq Dar said that many promises made by Pakistan to international organizations were not fulfilled from 2020 to 2022.

The Finance Minister said that the efforts to fulfill the previous promises have put a lot of burden on the business class and the people, electricity, gas prices and inflation rate have increased.

He said that Pakistan was the 24th largest economy in the world, but due to political instability, it was 47th in 2022. He said that it was painful.

Ishaq Dar said that there were two options the previous government would have been allowed to run and the country would continue to suffer more or we would take responsibility.

He said that the most difficult reforms have taken place and they have also faced its effects, some multilateral issues are yet to be settled, but the delay in the IM agreement was not due to any technical reasons.

The Finance Minister said that their first priority was that the promises made by Pakistan should not be delayed even for a day, and there has been no delay in this entire period.

Ishaq Dar said that some people were fond of giving bankruptcy dates, and these people should be ashamed.

He said that instead of encouraging people, they are threatened with bankruptcy, if Pakistan has a debt of trillions of rupees, then Pakistan has an economy of billions of rupees, so we do not need to go bankrupt. He said that Pakistan has to go through a phase at least this year, you all have to think about what you can give to this count