Business
Govt saved Pakistan from default at cost of its political capital: Finance Minister
"In each of Imran Khan's four years of government country's budget deficit remained at the highest in the history"
Islamabad: Finance Minister Miftah Ismail says the incumbent government has saved Pakistan from default at the cost of its political capital.
In a series of tweets, he said Pakistan witnessed its highest trade deficit in the last year of PTI government as Pakistan imported goods worth 80 billion US dollars.
Miftah Ismail said in each of Imran Khan's four years of government country's budget deficit remained at the highest in the history.
The Minister further said when Imran Khan came to power the value of rupee against US dollar was 122 but when he left it was 190.
Moreover, Pakistan owed 25,000 billion rupees when Imran Khan came to power but it soared up to 44,000 billion rupees till the end of his government.
Miftah Ismail said Imran Khan left the energy sector in a serious mess. He said no contracts were signed for gas or fuel, and in last year alone addition to power circular debt was 850 billion rupees.
-
Pakistan 1 day ago
Marwat says, ‘Imran scolds me over Saudi Arabia statement’
-
Pakistan 1 day ago
Petition to file case against Punjab CM for wearing Police uniform
-
Pakistan 1 day ago
Saad Rafique terms Ali Amin’s threat as serious matter
-
Pakistan 1 day ago
Senior commanders meet families of martyred customs officials
-
Pakistan 2 days ago
PM Shehbaz suggested reaching out to Imran Khan, India
-
Sports 2 days ago
Pak vs NZ: Muhammad Rizwan, Irfan Khan ruled out of T20I series
-
Sports 2 days ago
Fourth T20I match: Imad can be part of Pakistan’s squad against New Zealand
-
Pakistan 2 days ago
After President’s visit, Pakistan-Iran joint declaration issued