Finance Minister Ishaq Dar claims that he will strictly implement the austerity campaign, asserting that Pakistan will not default.
Addressing a seminar in Islamabad, the finance minister says that the positions we hold are trustworthy, accountable to Allah and the people.
The news of Pakistan’s default is misleading, baseless propaganda made about the country’s economy.
He states that I invite all the political parties keeping politics aside, contract economy.
Announcement of strict implementation of austerity campaign
The finance minister Ishaq Dar claims that the austerity campaign will strictly implemented. All cabinet members have stopped using big jeeps.
Ishaq Dar claims that the federal government will reduce its expenditure by 15%. The government delegation will not stay in five-star hotels, government officials and ministers will travel on economy class tickets.
‘Imran deviated from the IMF program’
He said that Imran Khan deviated from the IMF program. The coalition government inherited the worst economy. Imran Khan damaged the trust of development institutions, inflation increased due to his policy.
Ishaq Dar says that Imran Khan increased the debts of Pakistan by 24 thousand billion. Its hoped that the agreement with the IMF will concluded in two days.
He says that due to the bad government of the last few years, situation worsened. During our time, the revolving debt of Pakistan was less than 2 trillion rupees per year. But now the revolving debt is more than 5 trillion.
The finance minister says further that the economic difficulties of the country started in 2018. The new budget wants to stabilize the economy in the country and reduce the challenges for the people.
‘Stipulations with IMF not followed’
Ishaq Dar said that the previous government did not implement the conditions with the IMF, we came and implemented the conditions set by the previous government.
The federal minister said that our government completed the only IMF program in the country, we will complete this IMF program.
Ishaq Dar claims that the staff level agreement with the IMF will be done in the next few days. It has been delayed but it is going to happen now.