After two increases in petrol prices, we are out of the financial crisis: Miftah Ismail

ISLAMABAD, June 06 (SABAH): Federal Minister for Finance and Revenue Dr. Miftah Ismail Ahmed has said that Prime Minister Mian Muhammad Shehbaz Sharif will at some point announce austerity measures to save government expenditures. But there is not going to be any declaration of financial emergency. Nor is there any financial emergency.

In a statement issued on twitter on Monday, Miftah Ismail said that after two increases in petrol prices, we are out of the financial crisis.

Miftah Ismail said that there is absolutely no plan to freeze foreign currency accounts or Roshan Digital Accounts or take over people private lockers. We have never even contemplated these steps. Nor will we ever do it. Speculation on social media about this is wrong and coming from biased quarters, he said.

Meanwhile a pre-budget conference on Business, Agriculture and IT will be held in Islamabad today (Tuesday) to sensitize the private business sector and incorporate their valuable suggestions.             

The conference will provide an opportunity to renowned businessmen, agriculturists and IT experts to present recommendations on IT, Agriculture, Textile, Business and Export sectors. Prime Minister Shehbaz Sharif will address the conference.