ISLAMABAD: The Coordinator to the Prime Minister on Economy and Energy Bilal Azhar Kayani has claimed that macroeconomic indicators are improving and after the staff level agreement with the IMF our foreign exchange reserves will increase.
Addressing a press conference here on Sunday, Bilal Azhar Kayani further claimed that “we have successfully averted the default position and now expecting increase in foreign exchange reserves after IMF deal and support from friendly countries.”
The PM’s coordinator commented that the present government was relying on various strategies to enhance the economy, and as a result, the current account deficit had dropped by 68% during the initial eight months of the ongoing fiscal year. He further added that the government is striving to avoid placing any additional pressure on the underprivileged section by considering the foreign exchange reserves.
Opening anti-PTI tirade, Bilal Azhar Kayani criticized the previous government, led by Imran Khan, and held him responsible for the present economic crisis in the nation.
He alleged that Imran Khan was more preoccupied with political victimization than concentrating on the economy and neglected the concerns of the public.
According to Kayani, during Khan’s reign, approximately six million individuals lost their jobs, and around 20 million individuals were compelled to live below the poverty threshold. Additionally, he stated that the current government, PTI, has increased the nation’s overall debt by 78% in less than four years.
