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No Possibility Of Financial Emergency In Country: Miftah

Islamabad (April 29, 2018): Finance Minister Miftah Ismail on Sunday reiterated there was no possibility of imposition of a financial emergency in the country.

Ismail, who was inducted as the finance minister ahead of the federal budget announcement for fiscal year 2018-19 earlier this week, said although Pakistan’s economy was not doing too well, it was not doing badly either. He said efforts are being made to bring more people to tax net.Addressing an event earlier today, he informed that Pakistan has acquired a long-term loan of US$1 billion from a commercial bank of a friendly country.

On the recent spike in the dollar, Ismail lamented that there was no other option available.

Highlighting the relief announced in the Budget 2018-19, the minister said it would help increase the tax base and give an impetus to national growth.

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