PESHAWARL: Khyber Pakhtunkhwa Finance Minister Taimur Saleem Khan Jhagra said Sunday that Federal Finance Minister Ishaq Dar had misled the nation about Pakistan’s impending default. Jhagra said Moody’s and Fitch are the most reliable and independent ratings institutions and both have revised Pakistan’s economy outlook as “negative.” Therefore, jhagra said, the international market does not trust Pakistan economy. The Finance Minister claimed that the IMF has alleged that the international monetary fund had lost trust in Pakistan’s economy. The PM has announced a Rs100 billion subsidy on electricity for Punjab but after losing the government, the province’s funds were even stopped,” the Finance Minister said. He said Political stability is essential for stability of the economy but such stability can be restored only through free and fair early general elections.

Source: The Nation November 22, 2022 01:41 UTC