Is there any fear of economic emergency in Pakistan? pakistan News in English today

 Is there any fear of economic emergency in Pakistan?

According to the Finance Division, 'the government's efforts led to a reduction in the current account deficit in recent months.'.

The government of Pakistan has said that there is no truth in the news of economic emergency in the country and the government has not made any such plans in this regard. 

In a press release issued by the Finance Division on Tuesday, it was said that 'in recent days, a false message suggesting an economic emergency has been circulating on social media.

 The Finance Division strongly denies such a message.

 There are no plans to impose an economic emergency. 

Unfortunately, the purpose of this message is to create uncertainty about the country's economic conditions and it is being spread by people who do not want to see the development of Pakistan..

According to the press release, "Spreading such messages in difficult economic conditions is against the national interest." Considering Pakistan's mountain strength and diversity, it is also completely inappropriate to mix it with Sri Lanka.' The current difficult economic conditions are due to the Russia-Ukraine war, global recession, policy rates, commodity supercycle and floods.

 The government is trying its best to control these factors. 

The government is committed to repaying the loan on time as well as completing the IMF programme. 

It was further said that in these economic conditions, the government has taken several measures with the approval of the cabinet, which are known to the people and their aim is to reduce unnecessary expenses. 

According to the Finance Division, "with the efforts of the government, the IMF program has returned to its track and negotiations regarding the ninth review are underway."Sri Lanka..

"Due to the government's efforts, the current account deficit has reduced in recent months and FBR revenue collection has also improved.

 The country's economic conditions are now moving towards stability. 

Finance Division says, "People are requested to contribute to economic improvement and stability and not to listen to rumors that are against the country's interest.".