Thursday, October 6, 2022

In a few months, the country’s economy will face a serious situation, Imran Khan’s briefing

A meeting of senior leaders led by Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan was held, in which Imran Khan was briefed that the country’s economy will face a serious situation in the next few months.

In the meeting held in Bani Gala, the country’s political situation, economy and other important issues were discussed.

PTI leader Asad Umar while giving a briefing said that Pakistan has to repay loans of about 30 billion dollars, the loan received from IMF is only 2 billion dollars.

In the briefing, it was said that the bond market of Pakistan has been completely destroyed due to political instability, when the government of Tehreek-e-Insaaf was terminated, the bond was at a discount rate of 4 percent.

Asad Umar said in his briefing that the bond is now available at 50% discount rate, this situation shows how far Pakistan has gone on the threshold of bankruptcy.

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by Azadi Times