Country on verge of default: Asad Umar
Author: News Desk

The Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar said on Saturday that Pakistan was on the verge of economic default. Taking to Twitter, he wrote, “Reserves fall by another $1billion. [The country] has the lowest import cover since 2000, when we were facing sanctions. The current dangerously low level of reserves [has been brought] due to sheer incompetence and negligence of imported govt. Reserves have fallen from $16.4 billion to only $4.5 from VONC [vote of no-confidence against former premier Imran Khan] to today (Saturday).”
Share
Leave a Comment
1 year ago

Recent Posts

  • Pakistan

Labour Day — A reminder for better facilities to workers

When international labor community was observing International Labour Day, scores of illiterate laborers in Pakistan…

4 hours ago
  • Pakistan

Xinjiang enjoys social stability, religious freedom and economic development

A delegation of Pakistani elite youth which recently visited Urumqi, Kashgar, and Atush said that…

5 hours ago
  • Pakistan

Pakistan, Turkey, Iran, Azerbaijan, Kazakhstan and Tajikistan delegation visits Beijing

A delegation comprised over 15 participants from the Economic Cooperation Organization Science Foundation (ECOSF) including…

5 hours ago
  • Pakistan

COMSTECH partneres with Chinese University for training program in China

The Committee on Science and Technology of the Organization of Islamic Cooperation (COMSTECH) has partnered…

5 hours ago
  • Pakistan

Street gang war leaves shopkeeper dead in Lahore’s Model Town

A cross-firing between two rival groups on Model Town Link Raod claimed the life of…

5 hours ago
  • Pakistan

Woman kidnaps her own son in Narowal

A woman with the help of her lover kidnapped her own son in Narowal, police…

5 hours ago