Sunday, June 23, 2024
HomeLatest NewsBusinessZardari Confident Increase Foreign Exchange Reserve $100bn

Zardari Confident Increase Foreign Exchange Reserve $100bn

Zardari aims to boost Pakistan’s reserves, targeting $100bn, chairman.

PPP Co-Chairman Zardari promised party ticket holders at a gathering held at Bilawal House in Lahore that “when I take charge of the economy, I will take increase the foreign exchange reserves to $100bn.”

According to Zardari, who was imprisoned in the 1990s and 2000s, his recommendations to the Pakistan Peoples Party (PPP) administration at the time helped it increase its foreign exchange holdings to $24bn.

The PPP elder noted that although the army doesn’t have a large budget, it is the object of needless propaganda.

“Everything in politics can be done with a solution. People who don’t understand politics don’t even have solutions, according to Zardari, who presided over Pakistan from 2008 to 2013.

Without going into further detail, the PPP co-chairman claimed that “they” could not organize elections within the next two months and that they would only be held when “I say so”.

Pakistan economy is currently suffering from the economic crisis, and the country currency reserves, which are only enough to cover less than a month’s worth of imports, are little over $4 billion.

The International Monetary Fund (IMF) bailout scheme is still in limbo, and the South Asian country has so far been unable to secure outside financing. Pakistan must restart the program in order to avoid defaulting.

visit our Urdu site

- Advertisment -

Most Popular