Former President Asif Ali Zardari has said that he read several books on the economy while in prison and is confident of taking Pakistan’s dwindling foreign exchange reserves to $100 billion.
Zardari, who served prison terms in the 1990s and 2000s, said that when he studied books on the economy, his advice helped the then Pakistan People’s Party (PPP) government increase its foreign exchange reserves to $24 billion. Helped to increase.
People’s Party Co-Chairman Zardari said during a meeting with ticket holders of the party at Bilawal House Lahore that when I take charge of the economy, I will take the foreign exchange reserves to 100 billion dollars.
The PPP elder said that the army’s budget is not that big, but it is subjected to unnecessary propaganda.
Zardari, who was president from 2008 to 2013, said, “There is a solution to everything in politics. Those who do not understand politics, they do not have a solution.”
Without elaborating, the PPP co-chairman said that “they” cannot hold elections within the next two months and that elections will be held only when “I say so”.
Pakistan is currently facing a balance of payments crisis as the economic crisis affects the economy, with foreign exchange reserves standing at just above $4 billion, enough for less than a month’s worth of imports.
The South Asian country has also so far been unable to secure external financing as the International Monetary Fund’s (IMF) bailout program has stalled. Pakistan has no other option but to restore the program and avoid default.
