Pakistan
Imposition of financial emergency in Pakistan not in sight: Miftah
The finance minister sayd PM Shehbaz Sharif would at some point announce austerity measures to save government expenditure
Islamabad: Finance Minister Miftah Ismail on Monday said there was no chance of financial emergency in the country.
Taking to tweet, Ismail said the country was not facing a financial emergency as the price of petrol had been increased twice and hiked up to Rs209.86, while there has also been a massive increase in other petroleum products.
"The Prime Minister will at some point announce austerity measures to save government expenditures. But there is not going to be any declaration of financial emergency. Nor is there any financial emergency. After two increases in petrol prices, we are out of the financial crisis," the minister said in the tweet.
The Prime Minister will at some point announce austerity measures to save government expenditures. But there is not going to be any declaration of financial emergency. Nor is there any financial emergency. After two increases in petrol prices, we are out of the financial crisis.
— Miftah Ismail (@MiftahIsmail) June 6, 2022
The finance minister, without specifying a date, added that Prime Minister Shehbaz Sharif would at some point announce austerity measures to save government expenditure.
-
Pakistan 23 hours ago
Shehbaz nominated acting president of PML-N
-
Pakistan 21 hours ago
In PML-N huddle, Nawaz Sharif deplores past 'injustices'
-
Business 1 day ago
Prices of gold go extremely high today
-
Pakistan 1 day ago
Summer holidays announced in Punjab
-
Business 2 days ago
Gold price dips by Rs600 per tola
-
Pakistan 14 hours ago
President summons Senate session on May 21
-
Pakistan 12 hours ago
Polling for NA-148 Multan-1 by-election today
-
Pakistan 2 days ago
After Imran’s photo leak, mobiles banned in SCÂ