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

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.


via Original Source

Comments

Post a Comment

Popular posts from this blog

Shahid Afridi welcomes Virat Kohli's interest in visiting Pakistan

Image
Pakistan's veteran all-rounder and former skipper Shahid Afridi has finally reacted to Indian star batter Virat Kohli's remarks on playing in Pakistan. "I expected such a statement from Virat. I welcome Kohli, whether he comes to the Pakistan Super League (PSL) or with the Indian team," Afridi said while speaking during a tape ball event in Karachi on Saturday. Afridi's comments refer to Kohli's remarks, while speaking to Pakistani mountaineer Shehroze Kashif, wherein he said that he hopes to visit Pakistan "soon". "Give my regards to your family and all your friends. Hopefully, we [will] visit Pakistan soon [as] everyone has started visiting now," Kohli can be heard saying in the video. The video which dates back to 2022, has since then been deleted by Kashif, owing to the controversy that arose and in light of his personal contacts in the neighbouring country. "I had to delete the video because of my personal contacts in India...
Read more

Shaheen Afridi achieves another milestone

Image
Pakistan's left-arm pacer, Shaheen Shah Afridi, achieved a milestone of claiming 300 wickets in international cricket during the second T20I against Ireland on Sunday. This remarkable achievement comes in just 145 international matches, highlighting Afridi's immense talent and impact across multiple formats of the game. Afridi played a pivotal role by securing three crucial wickets on Sunday against Ireland. The 24-year-old has been a force to reckon with in the cricketing world, showcasing his bowling prowess in One Day Internationals (ODIs) with 104 dismissals, Test cricket with an impressive tally of 113 wickets, and T20 Internationals with an outstanding record of 84 wickets. Afridi's achievement also places him among the youngest bowlers to reach 300 international wickets, joining the ranks of cricketing legends like Waqar Younis and Saqlain Mushtaq. PCB Chairman Mohsin Naqvi congratulated Shaheen Afridi on his achievement and presented him with a shirt with ...
Read more

Eat to beat high cholesterol

Image
Surprised to hear about 52-year-old Australian cricketing icon Shane Warne, a seemingly fit and healthy ex-professional athlete, suffering a fatal heart attack? Then you might be wondering about the state of your own heart health. And men are no longer the primary candidates for heart attack and related high cholesterol. Women are now also just as much at risk of developing these stress-related killers. Environmental factors and changing lifestyles mean the example your parents set may no longer apply. Fast-moving research also means conflicting health advice. Are eggs on or off the menu? Is cheese and full-fat milk recommended or not? With more people than ever living with high cholesterol, HFG sets the facts straight. Foods for a healthy heart Dietary cholesterol has minimal impact on blood cholesterol levels, so you don’t have to pay too much attention to the cholesterol in the foods you eat. It’s far more important to cut back on saturated fats, since this has a far more pote...
Read more