No need to freak out even if debt has raised to $130bn, says Dar

No need to freak out even if debt has raised to $130bn, says Dar

Pakistan

Ishaq Dar said that there was no need to worry as Pakistan was on its way to financial stability

Follow on
Follow us on Google News
 

ISLAMABAD (Dunya News) – Deputy Prime Minister Ishaq Dar said on Thursday there was no need to worry as Pakistan was on its way to financial stability. 

Ishaq Dar, while addressing a gathering on Thursday, said there was a strong need to curb negative behaviour in society. 

He said the potential to accelerate the economy existed in Pakistan and all it needed was to remove the barriers stopping the country from financial stability. 

He also warned that elements are present in and outside Pakistan, who want it to end up as a default state. “On the other hand, the government is working on a single agenda and that is to save Pakistan from bankruptcy,” he said. 

Dar reiterated that "we are strongly facing all the challenges." 

Even with limited resources the government was working continuously on developmental projects, Dar said. 

The foreign minister claimed that the inflation rate had reduced from 30 percent to 10 percent. 

“We fought bravely for 15 months to save Pakistan from bankruptcy and we succeeded. There is no need to worry even when Pakistan’s foreign debt has raised to 130 billion dollars,” Dar said.