Dar asserts the economy is headed in the right path.

Despite the opposition's propaganda, Finance Minister Ishaq Dar stated on Saturday that Pakistan is headed in the right direction and will not default on its debt.

"Pakistan will not default because of opposition propaganda alone" (Pakistan Tehreek-i-Insaf). During a meeting with businesses, Mr. Dar stated, "The country's direction is correct, and it is not headed towards default."

PTI Chairman Imran Khan and other party leaders have predicted that Pakistan will fail due to the "bad policies" of the PML-N-led coalition government. Mr. Khan believes that the nation's economy can only be stabilized if a stable government takes office following new elections and addresses the crisis.

Mr. Dar added that the opposition was detrimental to the country's "economic cause." In addition, the opposition attempts to discourage foreign investment in the country by spreading corruption rumors. He emphasized that the PTI must demonstrate a serious attitude and refrain from playing with the country's economy.

The minister lamented the treatment he received during the previous PML administration. "I was dealt with as a terrorist. And my only transgression was addressing the nation's economic problems. Mr. Dar stated, "I was compelled to live in self-exile (in the United Kingdom) for five years."

He also criticized the previous PTI and PML-N governments for adhering to the rupee devaluation strategy. We depreciated the rupee. During the administration of Shahid Khaqan Abbasi, I made it plain that the government could not stop the depreciation of our currency if a devaluation program was pursued, he asserted.

Ishaq Dar was critical of Miftah Ismail's policies as his party's previous finance minister. Mr. Dar succeeded Mr. Ismail upon his return from London in September after obtaining bail in a NAB corruption investigation and focusing on stabilizing the local currency.

During his first few weeks in power, the value of the rupee rose, but it has since declined; its current value versus the US dollar is over Rs230, and foreign cash, especially the US dollar and Euro, is scarce on the open market.

Mr. Dar stated that no further economic experiments could be conducted. "We are doing everything we can to stabilize the economy," he said, adding that the administration has resolved to put an end to wheat smuggling on a war footing.

According to Samaa TV, he stated that given Pakistan's growth rate at the end of the PML-N government's tenure, it should have been a member of the G-20 today. Instead, he expressed regret that "our economy is currently placed 46th in the world."

The finance minister noted that when the PML-N took office in 2013, many predicted that the country was on the verge of insolvency, yet this was avoided.

Regarding the current issues facing the PDM government, Mr. Dar stated, "We would have to work diligently and concentrate on improving Pakistan's macroeconomic metrics."

"Here, the wealthy have their loans forgiven, while the properties of a few thousand destitute widows are taken if their loan repayments are late," he stated.

Participating businessman Gohar Ijaz pushed the government to lower the interest rate. Despite inflation, Turkey has maintained a low interest rate. "Why can't we?" he said.