Caretaker Finance Minister Shamshad Akhtar says that we are barely meeting our expenses, we have to borrow from the market at 23 percent.
This has been said by the Caretaker Finance Minister Shamshad Akhtar while speaking at the Senate Standing Committee on Finance under the chairmanship of Senator Salim Mandviwala.
He says that I am facing very tough questions that why did I take such a difficult job? The problem of political stability is to be solved by political parties, we will also consult with you to solve the problems.
The Caretaker Finance Minister said that by the end of next week we will give you a briefing on economic stability, we have to work for dollar outflow and internal strength.
He said that we have to implement the conditions of the IMF, we have to get foreign aid along with the IMF program, we will start the process of privatization.
Caretaker Finance Minister Shamshad Akhtar said that 70 percent of the government’s income is being spent on debt repayment, the poor will be helped through the Benazir Income Support Program.
He further says that we will use all our abilities to resolve the issues, but still you have to be patient, I have explained the whole situation to you in a friendly manner.
Caretaker Finance Minister Shamshad Akhtar also said that once a facility is provided, it is difficult to take it back, we have limited powers, the taxes on electricity were approved by Parliament.