The National Security Committee (NSC) met in Islamabad on Friday with Prime Minister Shehbaz Sharif in charge due to the country’s resurgence of terrorism and economic conditions.
The conference determined that fighting terrorism with an iron fist was the best course of action after evaluating the security risks, but it also concluded that reporting on Pakistan’s default risk was biased against Pakistan and served a foreign agenda.
According to sources, the NSC has made the decision to pursue people who present an economic picture of Pakistan that the current ruling administration deems undesirable.
According to reports, the NSC will also announce standards for reporting on economic condition of Pakistan at its subsequent meeting.
In the upcoming meeting, it will also be requested that the crackdown against “negative” reporters of Pakistan’s economy be authorized.
Ishaq Dar, Pakistan’s finance minister, reaffirmed earlier this week that there isn’t any possibility of a default anytime near. He attributed the mess, which included declining foreign exchange reserves, to the system.
The State Bank of Pakistan’s (SBP) foreign reserves experienced a significant outflow of $294 million, down to $5.8 billion, their lowest level since April 2014 when they held $6.11 billion.
The commercial banks’ total net foreign reserves currently stand at $5.88 billion.
The nation’s total foreign reserves as of the week ending on December 23 are $11.7 billion.
To read our blog on “Pakistan must repay a $1.3 billion foreign debt by January 10,” click here.