Pakistan not facing any risk of default: Ahsan

News Image

By MG News | November 21, 2022 at 09:16 AM GMT+05:00

0:00

November 21, 2022: Planning Minister Ahsan Iqbal has said Pakistan is not facing any danger of going to default and PTI is spreading false propaganda over the country's default risk.

Addressing the Pakistani community in Jeddah, he said the country has adopted a path of stability and saved it from going to default. He said the news about Pakistan's default risk is based on a malicious campaign initiated by the PTI which has no reality. He said the incumbent government under the leadership of Prime Minister Shehbaz Sharif succeeded in removing Pakistan from the gray list.

Highlighting the importance of relationships between Pakistan and Saudi Arabia, the Minister said we want to establish CPEC-style economic cooperation with Saudi Arabia.

He further said that overseas-based in Saudi Arabia is a strategic partner of Pakistan and their efforts are commendable which helps Pakistan to promote its narrative. He also announced that a death insurance scheme will be introduced soon for overseas Pakistanis to provide support to their families in case of accidental death.

Ahsan Iqbal said the government supports the right of overseas Pakistanis to vote, but it should be done without compromising the sanctity and security of the electoral process.  He said there is no secure Internet-based voting system in use in the world yet. However, various proposals are under consideration, including the proposal to give representation to overseas Pakistanis through specific seats in Parliament.

Radio Pakistan

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,215.00 110,525.00
110,155.00
-200.00
-0.18%
BRENT CRUDE 68.82 68.89
68.82
0.02
0.03%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.06 67.18
67.00
0.06
0.09%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 03, 2025 at 10:04 PM GMT+05:00

SBP reserves rise around to $13bn


July 03, 2025 at 05:39 PM GMT+05:00

Gold price in Pakistan rises Rs800 per tola


July 03, 2025 at 05:17 PM GMT+05:00

Microsoft exits Pakistan after 25 years


July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL


July 03, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Holding Ground



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg