difficult economic situation
\n Islamabad
\nThe Finance Division Tuesday rebutted reports of an \u201ceconomic emergency\u201d being imposed in Pakistan and said such messages were being circulated by elements who do not want the country to prosper.
\n\u201cFinance Division not only strongly rebuts the assertions made in the said message, but also categorically denies it and that there is no planning to impose economic emergency,\u201d a statement from the division read.
\nThe statement mentioned that the message is \u201cunfortunately aimed at creating uncertainty\u201d about the economic situation in the country and can only be spread by those \u201cwho do not want to see Pakistan prosper\u201d.
\nThe division said that the creation and spreading of such false messages were against the national interest in these times of economic hardship.
\n\u201cA mere reading of the nine points mentioned in the message indicates how far-fetched those suggestions are,\u201d the division said, noting that it was quite \u201cinappropriate\u201d to equate Pakistan with Sri Lanka, given the inherent strength and diversity in the country\u2019s economy.
\nDefending itself, the division said the present difficult economic situation is mainly the result of exogenous factors like the commodity super-cycle, the Russia-Ukraine war, global recession, trade headwinds, the Fed\u2019s increase in policy rates, and devastation wreaked by unprecedented floods.<\/p>\n","protected":false},"excerpt":{"rendered":"
difficult economic situation Islamabad The Finance Division Tuesday rebutted reports of an \u201ceconomic emergency\u201d being imposed in Pakistan and said such messages were being circulated by elements who do not want the country to prosper. \u201cFinance Division not only strongly rebuts the assertions made in the said message, but also categorically denies it and that […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":{"0":"post-299643","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n