Pakistan has no ‘economic emergency’

The Finance Division denied allegations of an “economic emergency” in Pakistan, termed such rumors are spread by those who don’t want the country to thrive.

“Finance Division firmly rebuts the abovementioned message’s accusations and completely denies it,” the division said.

The message “sadly aims to create uncertainty” about Pakistan’s economic status and can only be spread by people “who do not want Pakistan to succeed.”

In these economic circumstances, the division said propagating misleading information was against the national interest.

“A mere reading of the nine points mentioned in the message indicates how far-fetched those suggestions are,” the division said, noting that it was quite “inappropriate” to equate Pakistan with Sri Lanka, given the inherent strength and diversity in the country’s economy.

“The government has been making utmost efforts to minimize the impact of such external factors, even when faced with the economic consequences of unprecedented floods and having to meet the IMF’s (International Monetary Fund) conditionalities.”