ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail stated here on Thursday that the current administration had saved Pakistan from default by making difficult decisions, as the Pakistan Tehreek-i-Insaf-led previous administration had brought the country dangerously close to going bankrupt.
The minister and Federal Minister for Information and Broadcasting, Marriyum Aurangzeb, said at a press conference here.
He claimed that by raising the price of gasoline and diesel and by continuing to work with the International Monetary Fund, the administration had prevented the nation from becoming bankrupt (IMF).
According to him, the government had to make the difficult decision to raise the price of petroleum products in order to rescue the nation. By highlighting the strengthening of the currency versus the dollar and the performance of the Pakistan Stock Exchange, he claimed that Pakistan’s financial situation had improved.