Pakistan Govt calls for Saudi Arabia not to withdraw deposits

ISLAMABAD: Pakistan Finance Minister Miftah Ismail announced that the government has asked Saudi Arabia to keep its deposits with the State Bank of Pakistan (SBP) and to extend its oil facility to Islamabad.

He condemned former Prime Minister Imran Khan's government for making pledges to the International Monetary Fund (IMF) that were "against the interests of the nation" at a press conference in Karachi, as per reports.

He claimed Khan had left Pakistan with the fastest-growing inflation in its history, and that the Pakistan Tehreek-e-Insaf (PTI) administration had taken historic debt during its tenure.

The Finance Minister said, corruption was rampant during the previous regime's tenure. "Immediately after the PTI's government's time came to an end, Bushra Bibi's friend Farah Gogi and Shehzad Akbar fled the country," he added, questioning why transfers and postings were carried out on Farah's orders in Punjab. 

Khan informed the IMF that they will not absorb losses on diesel pricing, according to Miftah, who also claimed that the former prime minister wrecked the China-Pakistan Economic Corridor (CPEC). "Now we are trapped with the pledges made to the IMF by the previous government," he said.

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