Monday, 05 December 2022



LATEST NEWS Filmmaker Sanjay Leela Bhansali Announces His First Ever Music Album. To Release On THIS Date Jubin Nautiyal takes 'recovery break' Nat Sciver, Danni Wyatt, Charlie Dean lead England to 142-run win over West Indies Odisha Chief Minister Naveen Patnaik launches trophy tour of FIH Hockey Men's World Cup 2023 Border dispute : Legal action if Maha ministers try to enter Karnataka : Basavaraj Bommai Droupadi Murmu offers prayers at Tirumala temple Vicky Kaushal talks about fitting in the 'quintessential Bollywood hero' tag Narendra Modi thanks world leaders for supporting India's G20 Presidency Maharashtra News: FIR Lodged Against The Groom For Get Married With Twin Sisters India not scoring 70-80 runs more is the reason why they lost : Sunil Gavaskar Bigg Boss 16 : Shiv Thakare breaks down in tears Liam Livingstone ruled out of Test series vs Pakistan due to knee injury Sikh woman shot dead outside gas station in Canada Will don the wicketkeeper's role whenever the requirement arises : KL Rahul Pat Cummins in doubt for second Test; Lance Morris and Michael Neser drafted in Australia squad Four Ayyappa devotees killed in Andhra Pradesh road accident Google Home routines disappear as control settings get new UI Harry Kane ends Qatar World Cup goal drought as England down Senegal 3-0 to reach quarters Sacrilege Incident Took Place in Gurudwara Sahib In Jalandhar’s Mansoorpur, Accused Arrested FIFA World Cup : Kylian Mbappe's brace helps France destroy Poland, storm into quarters IND v BAN, 1st ODI : Told Mustafizur Rahman to stay calm and play 20 balls : Mehidy Hasan Miraz


Imran Khan slams Pak government over prevailing economic crisis

Imran Khan, Former Prime Minister Of Pakistan, Chairman Of Pakistan Tehreek e Insaf, PTI, Islamabad

Web Admin

Web Admin

5 Dariya News

Islamabad , 20 Jul 2022

Former Prime Minister and Chairman of Pakistan Tehreek-e-Insaf (PTI), Imran Khan, has slammed the ruling government under Prime Minister Shehbaz Sharif for failing to tackle the prevailing economic crisis in the country.

Khan said that the Sharif family has never been competent in handling difficult economic situation in Pakistan."The Sharif family never had any expertise in running the economy," Khan said.Reminding of his time in power, Khan said, "In April this year, the rupee stood at Rs 178 against the US dollar. 

Today, it is Rs 224, and is in a freefall despite the IMF (International Monetary Fund) agreement.The economic meltdown shows that the only expertise of the Sharif family is looting, money laundering and getting NROs."

"The nation will hold accountable all those responsible for the regime change conspiracy and bringing Pakistan to this sorry state of affairs," he added.Khan's statement same at a time when Pakistani rupee is on a sharp fall against the dollar while the market has lost over 1,500 points in the last two days of trading.

The prevailing political uncertainty in the country, coupled with an unstable government which seems to be unsure as to whether it will remain in power, has raised serious doubts among the business community.

The nosedive of Pakistani rupee against the dollar has also led to Fitch Ratings downgrading the country's economic growth from 'stable' to 'negative'."We are aware of IMF board approval of Pakistan's new staff-level agreement with the IMF, but see considerable risks to its implementation and continued access to financing after the programme's expiry in June 2023 in a tough economic and political climate," Fitch said.

Pakistan's deteriorating external liquidity position and financing condition, coupled with risks from renewed political volatility, is causing severe damage to the country's financial standing, and a clear threat of bankruptcy has started to emerge.

Analysts believe that conducting general election is the only option left on the table of the government, as it would lead to political certainty and will appoint a new government for at least five years, which could stabilise the uncertain political bumps that the country is faced with at the moment.

However, the ruling government believes that its priority is not holding elections, as it prepares to take more difficult and unpopular decisions in the coming days, aimed at ensuring economic stability in the country.


Tags: Imran Khan , Former Prime Minister Of Pakistan , Chairman Of Pakistan Tehreek e Insaf , PTI , Islamabad



related news




Photo Gallery



Video Gallery



5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD