No financial emergency in Pakistan says Miftah Ismail

Islamabad: Finance Minister Miftah Ismael on Monday said there is no financial emergency in Pakistan.

In a statement, the minister said, “The Prime Minister will at some point announce austerity measures to save government expenditures. But there is not going to be any declaration of financial emergency. Nor is there any financial emergency. After two increases in petrol prices, we are out of the financial crisis.”

Reacting to rumors about foreign currency accounts, he said, “There is absolutely no plan to freeze foreign currency accounts or Roshan Digital Accounts or take over people private lockers. We have never even contemplated these steps. Nor will we ever do it. Speculation on social media about this is wrong and coming from biased quarters.”