Miftah Ismail rules out imposition of financial emergency in Pakistan

ISLAMABAD (PEN) – Federal Finance Minister Miftah Ismail on Monday said that multiple increases in petroleum prices have brought Pakistan out of financial crises.

In a statement on Twitter, the federal finance minister wrote that “The Prime Minister Shehbaz Sharif would soon announce austerity measures and there was no financial emergency in the country.”

“After two increases in petrol prices, we are out of the financial crisis,” Miftah added.

Finance Minister further wrote, “Incumbent government has no plan to freeze foreign currency accounts or Roshan Digital Accounts or take over people private lockers and speculation on social media about this is wrong and coming from biased quarters.”