Recently, Finance Minister Miftah Ismail said that country would not be in defaulters list as an inflow in foreign currency is expected to be raised in next quarter.
He shared his point of view during the conversation with with the CEO of advisory services firm Tabadlab, Mosharraf Zaidi where he said that he, Prime Minister Shehbaz Sharif and the governor of State Bank were all sure about that Pakistan will not default as all the balls they have are in the air and expected to fall in its right place and this would results in a growth in the foreign currency inflow by next quarter.
He further prominence to share a “positive signals” to the markets.
Recently, he took Twitter to share JP Morgan’s special research report on Pakistan, wherein the investment banking firm commented that Pakistan will not default in its payments.”
He further stated that Pakistan’s binds are safe and smart in investment. Whereas, he highlighted and compared with the last year where Pakistan total import cost of $81 billion, on the other hand comparing about current year its standing only at $31 billion.
Moreover he said that he is trying to slow down our purchases while not moderating our exports for next 2/3 months. He added that he has a more grip over foreign currency. He has a new policy plan which would be executed to aid a gradual decrease and import and a rapid increase in exports.
