Finance Minister Ishaq Dar took to Twitter on Wednesday to rebuff the rumours that had been abound that the government was planning to freeze the foreign accounts. He laid to rest to those rumours by stating: “It is categorically denied and clarified that there is no such move under consideration of the Govt.”
Dar, while speaking to media previously, had said that the country’s foreign reserves amounted to $10 billion. While speaking at the press conference, he said that his comment had been taken out of context and that the government was not planning on doing anything similar.
Without naming the Pakistan Tehreek-i-Insaf (PTI), he insinuated that the party was responsible for not only deliberately twisting the comments but also for ruining the economy.
National foreign exchange reserves always include forex held with SBP and Commercial Banks. Recently I quoted the forex reserves figure based on this principle. Some vested elements who ruined this country’s economy in the past, gave it a deliberate twist and started a campaign
— Ishaq Dar (@MIshaqDar50) January 11, 2023