‘I will steer you out of this dif­fi­cult time’:

The Miracle - - Front Page -

Prime Min­is­ter Im­ran Khan on Wed­nes­day sought to al­lay con­cerns re­gard­ing an im­pend­ing eco­nomic melt­down in the coun­try, say­ing he will take the coun­try out of this “dif­fi­cult time”.Ad­dress­ing a cer­e­mony in con­nec­tion with the launch of the Naya Pak­istan Hous­ing Pro­gramme, Khan said he will present a roadmap be­fore the na­tion list­ing steps the gov­ern­ment will take to sta­bilise the econ­omy. “Have courage, there is noth­ing to worry about,” the prime min­is­ter told the au­di­ence, as­sur­ing the na­tion that the tur­bu­lence in the econ­omy won’t last long. The pre­mier said he will “guide” the na­tion ev­ery week on his gov­ern­ment’s eco­nomic plans. Khan said an im­pres­sion had been cre­ated in the last 48 hours “as if the sky is go­ing to fall [or] the day of judge­ment is upon us”, but in­stead sought to ex­plain the is­sues faced by the econ­omy. He said the pre­vi­ous gov­ern­ments had taken loans reck­lessly, which has re­sulted in the coun­try’s debt bal­loon­ing from Rs6 tril­lion to Rs30 tril­lion in the past 10 years alone.He said the pre­vi­ous PML-N gov­ern­ment had started its term with a $3 bil­lion cur­rent ac­count deficit, but the 40-day­old Pak­istan Tehreek-i-In­saf (PTI) gov­ern­ment in­her­ited an $18bn cur­rent ac­count deficit.

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