A spokesperson for Pakistan Tehreek-e-Insaf (PTI) in a statement on Friday said that they want Finance Minister Ishaq Dar to resign and apologise to citizens for taking the country to the brink of default and unleashing 38 percent inflation. The PTI spokesperson further said that the Economic Survey FY2023 “paints a truly dismal picture of the economy”. This policy has brought the economy to the brink of a default, with SBP reserves now standing at only $3.9bn, not even enough to finance one month of imports. They were $10.5 billion at the time of the VONC,” the statement added. Amidst the economic crisis, the coalition government presented an expansionary budget for fiscal year 2023-24 on Friday.

Source: The Nation June 10, 2023 07:16 UTC