Pakistan’s potential default has been ruled out, according to federal finance minister Miftah Ismail, who noted that the current administration has kept the nation out of danger.
Imran Khan, the leader of Pakistan Tehreek-e-Insaf (PTI), put the nation at risk of default, the minister claimed in a Monday interview.But right now, there is no risk of default, he added.Flash floods, according to Ismail Miftah, made the [economic] situation worse.But we’ll run the economy effectively.
The state of the economy will not be in jeopardy.The finance minister added that the government would implement measures to stabilise the currency market within the following four to five days.
He claimed that certain banks offered overpriced dollars as a result of the circumstance.The minister claimed that the Prime Minister had given these banks strict consideration and had asked the Governor State Bank to submit a report within two days.In relation to this, eight banks have also received letters and will be penalised.
