Ishaq Dar rejects rumors about Pakistan's possible default

Imran Khan, leader of the PTI, has refuted the notion that the nation is in default, according to Finance Minister Mohammad Ishaq Dar.

Speaking at a news conference on Thursday in Islamabad, he stated that while the country's foreign exchange reserves presently stand at $9.2 billion, we intend to raise them to $16 billion by June of this year.

The Finance Minister said we all must join hands to steer the country out of the prevailing quagmire, put in due to the wrong policies of the previous government.

Ishaq Dar claimed that we took control of the government while the nation was on the brink of a man-made disaster. Every economic indicator, he claimed, points against Imran Khan, yet he still decries the current coalition government.

The Finance Minister revealed some economic data, stating that while the PML-N was in power from 2013 to 2018, the average GDP growth was 4.7 percent, whereas it was only 3.5 percent under the PTI administration.

He claimed that throughout the course of the last four years of the PTI's leadership, foreign direct investment (FDI) decreased from 2.8 to 1.9 billion dollars while circular debt climbed from 4.1 to 7.9 percent.