Federal Finance Minister Ishaq Dar has ruled out any risk of default facingPakistan, saying “some people” for their vested interests are hurting thecountry’s economy.
Addressing a Karachi Stock Exchange ceremony through Zoom on Wednesday,Ishaq Dar said people were being “intimidated”, that was why some werebuying dollars and the others gold.
The finance minister called for an end to the anti-Pakistan propaganda.
The finance minister also criticised the previous government, saying thatno attention had been paid to Security and Exchange Commission of Pakistan(SECP) during the tenure of Pakistan Tehreek-e-Insaf (PTI).
He said that the government was trying to improve the economy of thecountry, adding that the stock exchange had a key role in improving thenational economy.
“We need to focus on the corporate sector. When I took the responsibilityas the finance minister, we put our focus on the SECP and the stockexchange,” he added.
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“In our previous tenure, the Pakistan Stock Exchange was a big market inSouth Asia,” he claimed and added that the business community stood by thegovernment for the development of the country.
“Filthy propaganda against Pakistan must be stopped. The entire world isfacing difficult economic conditions. Even in 2013, it was said that thecountry would default in six months,” he asserted.
“We will not go to the Paris Club. A damage is being extended to thecountry for cheap politics. We should learn from our past mistakes,” heemphasised.
“There are serious problems, but we have to find a solution. We have tosave our country. Smuggling of dollars to a neighbouring country is a bigproblem. The prevention of the smuggling of dollars, wheat and fertilizershas been directed,” he stated.