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Miftah criticizes Govt for massive drop of foreign reservesBreaking

February 18, 2023

Former Finance Minister Miftah Ismail on Friday stated that the foreign reserves of Pakistan would never drop this level at $2.5 billion if his financial policy is followed. While talking to a private TV channel he viewed that the current finance minister Ishaq Dar took delayed decisions which dented Pakistan’s economy. He said that the ruling government took tough decisions to fulfil the conditions of the International Monetary Fund (IMF) to revive the loan agreement.

Miftah Ismail said that the ruling government is now realizing that the situation would have been different if the finance ministry followed his policy. The PML-N leader said that the friendly countries also assured IMF that they would invest in Pakistan, but later they all stepped back. He said that former finance minister Shaukat Tarin had made a mistake in the past and current finance minister Ishaq Dar also made some mistakes which will surely create a big impact at the time of the election.