Monitoring Report
Federal Finance Minister Muhammad Ishaq Dar on Wednesday claimed that he could prove that Pakistan won t default on economic front.
“Whatever tough circumstances Pakistan is facing nowadays, let me assure you that Pakistan will never default,” he said while addressing a gathering of investors at the Pakistan Stock Exchange (PSX) through video link.
He said some elements negatively propagated regarding default and spread disappointments among the people, adding he was not responsible for economic games played before him.
The minister the current government would complete the IMF programme following its past practice, adding efforts would be made to complete the fund s programme second time. “The government had to face devastating floods side by side the IMF programme.
“I have been hearing since I became finance minister that Pakistan is going to default,” he said and categorically stated that there were no chances of financial collapse. While assuring investors that Pakistan would survive, he also admitted that the economy was in a difficult position.
Lashing out at the previous government of the PTI, he said the rumours about the default were being fanned by those who brought the country to this point.
He said the former government completely neglected the stock market and the Securities and Exchange Commission of Pakistan (SECP), adding that both played a key role in boosting economy of the country.
