Allah responsible for our country's prosperity, says Pakistan finance minister

By -
Allah responsible for our country's prosperity, says Pakistan finance minister
Asserting the government was firing on all cylinders to salvage the country's economy, Finance Minister Ishaq Dar Friday said Pakistan is the only country founded in the name of Islam and Allah Almighty is responsible for its development and prosperity.

Addressing the inauguration ceremony of the Green Line Express Train service in Islamabad, the Pakistan Muslim League-Nawaz (PML-N) leader said that he had full faith that Pakistan would progress because it was created in the name of Islam.

If Allah can create Pakistan then He can also protect, develop, and make it prosper, Dar added.

The finance minister said, "they are trying their best to improve Pakistan's condition under Prime Minister Shehbaz Sharif's leadership".

Dar reiterated the incumbent government inherited several problems from the previous government, adding, the government was working day and night.
"The team is trying to improve the situation ahead of the elections."

He said the country is still suffering due to the "drama" that started five years ago and insisted that the economy was strengthening during Nawaz's tenure from 2013-2017.

The finance minister added that Pakistan Stock Exchange was the best-performing capital market in South Asia and ranked fifth in the world during Nawaz's era and the sights of the world institutions were set on it.

Dar maintained that today Pakistan was paying the price for the "Panama drama", the ouster of the PML-N government, and similar issues it faced over the last five years. "Pakistan was on the growth track during Nawaz's tenure, but it was derailed," he added.

"People can see the destruction the country suffered in the last five years, and they know who has delivered in the past," Dar added.

Dollar wins Dar loses
It is to be noted that despite repeated claims by the finance minister, who replaced Miftah Ismail, to bring the dollar rate under Rs200, the greenback surged to a record high of Rs268.30 in the interbank market.

The Pakistani rupee extended its downward trend on Friday with the local currency plunging over Rs12 against the US dollar in the interbank market as the government eased its control over the currency in order to convince the International Monetary Fund (IMF) to release pending loan tranche.

The local unit was trading at Rs268.30 compared to Thursday's close of Rs255.43 in the interbank market.

A day earlier, the rupee shed 24.11 in the interbank market, falling as low as 255.43 rupees to the dollar. The 9.6% decline is the second-biggest drop in a single session.

Comments

Post a Comment

Popular posts from this blog

At least 11 dead, others injured after train catches fire near Rahim Yar Khan

By Admin -
Image
At least 11 passengers lost their lives and 30 others sustained burn injuries when three carriages of a Tezgam Express caught fire due to explosion in a gas stove, according to initial reports. Meanwhile, firefighters have initiated a rescue operation to extinguish the fire and other passengers are being evacuated from the train to safe places. The affected carriages are being separated from the train. The train, Tezgam, was on its way from Karachi to Rawalpindi, when a gas cylinder carried by a passenger exploded, leaving several dead and injured. The fire was caused by the explosion in a gas cylinder, confirmed the Pakistan Railways official. According to details, the passengers were cooking breakfast when the gas cylinder exploded. After the blast, the raging fire engulfed two other coaches as well. Fire fighters were still extinguishing the fire as per last reports.
Read more

Three soldiers martyred in terrorist attack on checkpost in Balochistan’s Zarghoon

By -
Image
As many as three soldiers embraced martyrdom and one terrorist was killed in an exchange of fire between security forces and terrorists in Zarghun, the area of Balochistan on Saturday. According to the military’s media wing, the Inter-Services Public Relations (ISPR), an operation was launched in the area against suspected terrorists who attacked a security post. “Troops on the post retaliated readily to the fire raid thereby, pushing back the terrorists,” stated the military’s media wing. In the ensuing exchange of fire, three soldiers were martyred while one terrorist was also killed. The military identified the martyred soldiers as Sepoy Zaheer Ahmed, Sepoy Mudassir Shaheed and Lance Naik Abdul Qadeer. The ISPR stated that the post had recently been established to “check extortion efforts targeting coal mines in the area”. “Based on follow-up ISR effort, likely hideout of fleeing terrorists has been identified in nearby mountains and a deliberate blocking and sanitisation op...
Read more

Legal process to try May 9 planners, perpetrators under army act begins: COAS

By -
Image
Chief of Army Staff (COAS) General Asim Munir has said that the legal process of trial against planners, instigators, abettors and perpetrators involved in the May 9 mayhem has commenced under Pakistan Army Act and Official Secret Act as per existing and established legal procedures derived from the Constitution. The army chief's statement came as he visited Jinnah House and an army installation in Lahore, which were blatantly attacked and vandalised by “politically motivated” rioters, the Inter-Services Public Relations (ISPR) said in a handout. The COAS was also given a briefing on events of May 9 dubbed by the military as ‘Black Day’ — the day when Pakistan Tehreek-e-Insaf (PTI) supporters ransacked and torched military installations across the country following the arrest of their leader Imran Khan in a graft case. Addressing the garrison officers and soldiers at Corps Headquarters, Gen Munir emphasised that any action aimed at widening a gulf between people and the milita...
Read more