The Co-chairman of the Pakistan People’s Party (PPP), Asif Ali Zardari, has expressed confidence in his ability to address Pakistan’s economic crisis and boost the country’s foreign exchange reserves to $100 billion.
Zardari claims that his extensive reading on the subject of economy during his time in jail has equipped him with the knowledge needed to achieve this ambitious goal.
Struggling foreign exchange reserves of Pakistan
Speaking to PPP ticket holders in Lahore, Zardari highlighted the PPP government’s previous success in increasing foreign exchange reserves to $24 billion and expressed his intention to further improve the situation once he takes charge of the economy.
Currently, Pakistan’s foreign exchange reserves stand at slightly over $4 billion, which is barely sufficient to cover one month of imports. With the country also facing challenges in securing external financing, Zardari’s plans might provide a boost to Pakistan’s struggling economy.
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While Zardari’s optimism and knowledge may offer some hope for the country’s economic situation, it remains to be seen how his plans will be implemented and their effectiveness in achieving the desired outcome of substantial reserve growth.
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