Pakistan Tehreek-e-Insaf (PTI) founder, Imran Khan, has publicly acknowledged that the current government played a crucial role in preventing Pakistan from defaulting on its financial obligations. This statement came during his interaction with journalists at Adiala Jail, where he was responding to questions regarding the country’s economic situation.
In response to a journalist’s query about whether the government has stabilized the economy, Imran Khan confirmed, stating, “The government saved the economy from the verge of default.” Despite this significant achievement, he emphasized that the country’s economy is still struggling to prosper.
Imran Khan’s comments come in the wake of Pakistan’s successful deal with the International Monetary Fund (IMF), which many experts agree was essential in helping the country avoid default. The IMF agreement revived confidence in Pakistan’s stock market and reassured international investors, giving the economy a temporary boost. Economic analysts noted that the deal was better than expected, and the impact of the agreement is seen in the positive market trends, which are expected to last for at least ten more days.
According to Mohammad Suhail, an economic expert, the IMF deal will help the new government handle Pakistan’s ongoing economic crisis. This optimism extends to the stock market, where the bullish trend is anticipated to continue, helping to strengthen the Pakistani Rupee and attracting investment. Experts predict that the Rupee may rise by five to seven points against the US Dollar in the coming days.
Abid Sulehri, another expert, believes that the IMF agreement has brought stability to Pakistan’s financial markets, allowing the country to avoid default while also restoring investor confidence. Investors are increasingly interested in buying, knowing that the government has secured a deal with the IMF that is expected to provide the country with breathing room and support economic recovery.Despite the government’s efforts to stabilize the economy, Imran Khan made it clear that the situation remains challenging. While Pakistan was saved from default, the broader economic issues, such as inflation and unemployment, continue to plague the country. Still, the recent developments signal that Pakistan’s financial situation is on a path toward gradual
1 thought on “Imran Khan Admits Government Saved Pakistan from Default!”