PTI government steers Pakistan out of financial crisis

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PTI government steers Pakistan out of financial crisis

ISLAMABAD - Former Finance Minister and economic expert, Dr. Salman Shah Friday lauded the Pakistan Tehreek-i-Insaf (PTI) led government on filling the financing gap by taking loans from the friendly countries.

Talking to PTV, he said the economy of the country was passing through a difficult time when PTI came into power as the current account deficit was $18 billion while the repayment of loans worth $100 billion was also due at that time when there were only $8 to $10 billion foreign exchange reserves.

The situation could have worsened if the government had not taken financial support from the friendly countries. He said the PTI government was steering the country towards right direction to achieve economic goals and its economic policies and programmes would further stable the economy. He expressed the hope the Supplementary Budget would have positive impact on national economy. Investment and export would be increased through the Supplementary Budget which would yield positive results to strengthen the economy.