Miftah Ismail rules out financial emergency in country

ISLAMABAD (92 News) - Finance Minister Miftah Ismail has said that Prime Minister Shehbaz Sharif will at some point announce austerity measures to save government expenditures.

In a tweet on Monday, he said that there is not going to be any declaration of financial emergency. "Nor is there any financial emergency. After two increases in petrol prices, we are out of the  financial crisis," he maintained.

The Prime Minister will at some point announce austerity measures to save government expenditures. But there is not going to be any declaration of financial emergency. Nor is there any financial emergency. After two increases in petrol prices, we are out of the financial crisis.

— Miftah Ismail (@MiftahIsmail) June 6, 2022

In another tweet, he clarified that there is absolutely no plan to freeze foreign currency accounts or Roshan Digital Accounts or take over people private lockers. "We have never even contemplated these steps. Nor will we ever do it. Speculation on social media about this is wrong and coming from biased quarters," he added.

There is absolutely no plan to freeze foreign currency accounts or Roshan Digital Accounts or take over people private lockers. We have never even contemplated these steps. Nor will we ever do it. Speculation on social media about this is wrong and coming from biased quarters.

— Miftah Ismail (@MiftahIsmail) June 6, 2022