"Our (PML-N) government had initiated talks with China to acquire $2 billion loan and with Saudi Arabia for $3 billion," Ismail said while talking to The Express Tribune. Miftah said the “confused” PTI government had turned the economy “upside down” during the first three-year of its rule. “PML-N handed over it [PTI] an economy which was performing very well and grew by 5.8%. "PTI government has brought about recession in the economy in order to hurt the PML-N reputation," he added. Ismail said Pakistan did not default despite a year delay in acquiring a new IMF loan programme by the PTI government.

Source: The Express Tribune April 26, 2021 17:49 UTC