Addressing the pre-budget seminar on Tuesday, Finance Minister Miftah Ismail said on Tuesday that he was “very confident” about the deal with the International Monetary Fund (IMF).

 

A day earlier, the minister said that the government did not have any plans to impose a financial emergency in the country or freezing the foreign currency accounts or the Roshan Digital Accounts (RDA).

Miftah quashed rumours about financial emergency being spread on “social media by bigoted” elements. He stressed that after the increase in the petroleum products price, the country was emerging out of financial crisis.

“The Prime Minister will at some point announce austerity measures to save government expenditures. But there is not going to be any declaration of financial emergency. Nor is there any financial emergency,” the minister wrote in his tweet.

The story will be updated with more details.





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