Dar predicts economic growth

Finance Minister Ishaq Dar declared Saturday that Pakistan will not default despite opposition propaganda.

"Pakistan won't default on opposition propaganda" (Pakistan Tehreek-i-Insaf). Mr. Dar told businessmen that the government isn't headed for default.

Imran Khan and other PTI officials anticipate Pakistan will default due to PML-"bad N's policies." Mr. Khan believes the economy can only be stabilized with new elections and a stable government.

Mr. Dar said the opposition hurts the country's economy. The opposition also spreads corruption rumors to deter foreign investment. The PTI should not meddle with the economy, he said.

The minister lamented his treatment during the past PML administration. "I was a terrorist." My transgression was improving the country's economy. Mr. Dar spent five years in self-exile in the UK.

He criticized the PTI and PML-N for devaluing the currency. Rupee devaluation During Shahid Khaqan Abbasi's tenure, I said the government couldn't stop currency depreciation if a devaluation policy was followed, he said.

Ishaq Dar criticized Miftah Ismail's policies. Mr Dar replaced Mr Ismail after returning from London in September and getting bail in a NAB corruption reference.

During his first weeks in government, the rupee rose, but now it's struggling. Its value versus the US dollar is over Rs230, and foreign cash, notably the USD and EUR, is scarce.

Mr. Dar pledged no more national economy experiments. "We're attempting to stabilize the economy," he said, adding that the administration has decided to ban wheat smuggling.

He said Pakistan should have been in the G-20 when the PML-N government ended based on its growth. Our economy is 46th in the world, he bemoaned.

When the PML-N took office in 2013, many feared the country was about to fail, but they avoided it.

Mr. Dar said the PDM government must work hard to improve macroeconomic indices.

“Here, the wealthiest get their loans cancelled off, but a few thousand impoverished widows' properties are seized,” he remarked.

Gohar Ijaz, a participant businessman, proposed a fee cut. He inquired why Turkey maintained interest rates low despite inflation.