Defence minister Khawaja Asif has said that Pakistan has already defaulted amid looming fears that the cash-starved country may go bankrupt and blamed the establishment, bureaucracy, and politicians for the prevailing economic crisis.
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Addressing a ceremony in his hometown of Sialkot, he said that standing on its own feet was crucial for Pakistan to stabilise itself.
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"You must have heard that Pakistan is going bankrupt or that a default or meltdown is taking place. It (default) has already taken place. We are living in a bankrupt country," he was quoted as saying by The Express Tribune newspaper.
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"The solution to our problems lies within the country. The IMF does not have the solution to Pakistan's problems," he said.
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He said that everyone 바카라” including the establishment, bureaucracy, and politicians 바카라” is to blame for the current economic mess as the law and Constitution are not followed in Pakistan.
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The minister said that most of his time had been spent in the opposition camp and that he has witnessed politics being disgraced for the past 32 years.
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Lashing out at the former government, Asif said that terrorists were brought to Pakistan two and a half years ago which eventually resulted in the current wave of terrorism.
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Speaking about the attack on the police officer in Karachi on Friday, he said that the security agencies bravely fought the attackers.
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The remarks come as the country faces a crippling economic crisis, with decades-high inflation and critically low foreign exchange reserves depleted by continued debt repayment obligations, the report said.
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Pakistan바카라™s foreign exchange reserves are slightly above USD 3 billion which is hardly enough for 10-15 days of imports.