Country on verge of economic default, claims Asad Umar

Country on verge of economic default, claims Asad Umar

Pakistan

Country on verge of economic default, claims Asad Umar

LAHORE (Dunya News) – Pakistan Tehreek-e-Insaf (PTI) leader Asad Uamr said on Saturday Pakistan was on the verge of economic default.

Taking to Twitter, he wrote, “Reserves fall by another $1billion. [The country] has the lowest import cover since 2000, when we were facing sanctions. The current dangerously low level of reserves [has been brought] due to sheer incompetence and negligence of imported govt. Reserves have fallen from $16.4 billion to only $4.5 from VONC [vote of no-confidence against former premier Imran Khan] to today.