Govt will rein in economic crisis 'with or without IMF': Ishaq Dar.

ISLAMABAD -- Finance Minister Ishaq Dar on Sunday declared that Pakistan will overcome the economic crisis with or without the International Monetary Fund (IMF).

'Pakistan will never default with or without the IMF', Ishaq Dar reiterated the government's resolve, claiming foreign powers are surprised that Pakistan does not default so far.

While talking to a private news channel, Dar claimed that former prime minister Imran Khan had destroyed the national economy after coming into power. He added that Imran Khan's government got a $100 billion market from the previous PML-N government but it was destroyed and Pakistan had nearly defaulted.

Dar said that IMF asked Pakistan to arrange $6 billion and a technical deal was signed to arrange $3 billion before and after the loan programme. He added that IMF MD had also confirmed that Pakistan will not default.

'We will try to avoid putting financial burden on common people in the next budget. We will bring discipline to the economy and resolve the economic issues. Pakistan has reserves worth $1,000 billion, hence, it should not be compared with Sri Lanka.'

'We have to control our internal expenditures. The IMF programme will conclude on June 30,' said Dar.

'Relief for marginalize class'

The Federal Minister for Finance said the budget preparation was in the final stage to present a relief-oriented and business-friendly budget in order to avoid further burdening the poor.

He said some internal and external elements blatantly attempted to destabilize the country's economy.

In past, the government has allowed the pre-flow of the currency in the market and brought its value down artificially, Dar said.

The devaluation of the currency has heightened inflation and the government is aware of the people's...

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