Imran Khan makes these claims as the government introduces a finance bill in Parliament that will allow for $1 billion in aid to Pakistan. This is part of the IMF’s condition.
January 12, 2022 / 10: 11 AM IST
Imran Khan, Pakistan’s prime minister, believes that his country is in a better economic position than India, despite the economic turmoil Pakistan has been experiencing.
On Tuesday, Khan said that Pakistan is in a better economic condition than many countries in the region, especially India, speaking at the inaugural session of the International Chambers Summit 2022 in Islamabad.
The Times of India reported that Khan, at the summit organised by Rawalpindi Chamber of Commerce and Industry (RCCI), said, “Pakistan is still one of the cheapest countries compared to many countries in the world. The opposition calls us incompetent but the truth is that our government has saved the country from all kinds of crises.
Khan reportedly also said that, among other things, oil prices in Pakistan are cheaper than those in other countries. As part of an IMF condition, the government is proposing a finance bill to Parliament. If the bill is approved, it will allow for a $1 billion tranche of aid to Pakistan.
The bill was debated in the National Assembly on Tuesday, during which Pakistan Muslim League (N) leader and the Leader of the Opposition in the National Assembly Shahbaz Sharif alleged that the government was “putting Pakistan at stake for mere $1 billion”.
The Imran Khan government in Pakistan is facing a financial crisis amid rising inflation and a surge in the country’s trade deficit, leading the opposition to call for the prime minister’s resignation.