Asif Ali Zardari, co-chairman of the Pakistan Peoples Party (PPP), projected on Tuesday that the state’s foreign exchange reserves would “someday” rise to $100 billion, despite the nation being in the midst of a catastrophic economic crisis.
When Pakistan’s exports total between $80 and $100 billion, the country will start to grow. Taking money from one country or another will not allow the state to function. There will be a day, inshaAllah, when our reserves total $100 billion. In an address to a workers’ convention in the Punjabi city of Vehari, Zardari made the statement.
The government is currently dealing with a challenging economic job, a sharp increase in its balance of payments, and a growth in its foreign liabilities.