Sunday, May 5, 2024

Former President Asif Ali Zardari Confident of Taking Pakistan Forex Reserves to $100 Billion

The Co-chairman of Pakistan People Party (PPP), Asif Ali Zardari, is self-assured that he can address Pakistan’s economic crisis and boost reserves to $100 Billion as he has studied several books on economy during his stay in jail. Zardari is all optimistic in his ability of uplifting foreign exchange reserves.

While talking to PPP ticket holders in Lahore, the party leader expressed that his knowledge helped PPP government surge the forex reserves to $24 billion and he intends to improve the situation upon taking charge of economy.

Asif Ali Zardari also shared his thoughts on army’s budget suggesting that it is not as significant as generated by unnecessary claims. Zardari also stressed on the importance of understanding political problems and finding their solutions, stating that those who lack political acuity cannot devise solutions.

Pakistan’s forex reserves are slightly more than $4 billion, hardly enough to cover one month of imports. As country is also facing struggles in securing external financing, Zardari’s plans might be helpful for the country’s economy.

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