Country on verge of economic default, claims Asad Umar

Pakistan

07 January,2023 05:50 pm

LAHORE (Dunya News) – Pakistan Tehreek-e-Insaf (PTI) leader Asad Uamr said on Saturday 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.