Finance Minister Ishaq Dar slammed Pakistan Tehreek-e-(PTI) Insaf’s tenure as the country’s ‘darkest phase’ of Pakistan’s economy.
At a ceremony, the finance minister called PTI’s assertions regarding Pakistan’s default a ‘wrong approach.’
“The opposition, which has yelled hoarse about defaulting, has undermined Pakistan’s credibility and capacity to escape the situation,” he said.
Ishaq Dar claimed fiscal discipline led to his five-year exile. He remarked that with the country’s growth when they departed, it should be in the G-20.
He said Pakistan should have been in the G20 if progress wasn’t slowed. He remarked that our economy is rated 46th in the world, calling the previous government’s reign the darkest in terms of the economy.
The finance minister stated the Pakistani rupee was unnecessarily depreciated, causing economic concerns. “When we took over in 2013, many said the country was ready to fail, but we averted that in a five-day budget,” he added.
Ishaq Dar said they started an IMF program in 2013 and finished it in 2016. “The economy couldn’t afford any more shocks or experiments,” he said.
He said Pakistan’s stakeholders must improve its macroeconomic indicators. “In Pakistan, the wealthiest get their loans canceled off, but a few thousand poor widows’ assets are taken,” he said.
The federal minister said wheat and other basics must stop leaving the nation.
 Insaf's tenure as the country's 'darkest phase' of Pakistan's economy.){kind=link}