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BusinessPakistan’s economy better than India: Imran Khan

Despite the economic turbulence that Pakistan has been suffering, Prime Minister Imran Khan believes that his country is in a better economic condition than India.

Speaking at the inaugural session of the International Chambers Summit 2022 in Islamabad on Tuesday, Khan said Pakistan is in a better economic position than many other countries in the region, particularly India.

According to the media, Khan said at a Rawalpindi Chamber of Commerce and Industry (RCCI) conference, “In comparison to many other countries, Pakistan remains one of the cheapest. They (the opposition) accuse us of being inept, but the truth is that our government has saved the country from every crisis.”

Khan is also believed to have stated that, among other things, Pakistani oil prices are lower than those in other countries. His comments come as the administration prepares to introduce a financial bill in Parliament as part of an IMF condition. If passed, the bill will clear the way for a $1 billion tranche of funding to Pakistan.

On Tuesday, the bill was debated in the National Assembly, during which Pakistan Muslim League (N) leader and National Assembly Leader Shahbaz Sharif claimed that the government was “putting Pakistan at risk for a mere $1 billion.”

The government of Pakistan’s Imran Khan is facing a financial crisis as inflation rises and the country’s trade deficit widens, prompting the opposition to demand the prime minister’s resignation.

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