Federal Finance Minister Miftah Ismail has said that there are difficulties in demanding loan now and the government also feels shame as well.
Talking to journalists on Saturday, he said that the government had spent Rs5 billion on the flood situation. “Karachi-based industrialists should contribute to the Prime Minister’s Relief Fund. I challenge the exporters to touch the mark of Rs36 billion in export,” he added.
He said that the government had closed the import to save the country from being defaulter. “The former government had increased the loan by 79 percent. The current deficit will increase with an increase in the loan,” he maintained.
The minister said that the country was on the verge of destruction when the ruling alliance assumed the power. “We have to improve the economy and for this reason, we had to make difficult decisions,” he added.
He said that there is need to increase the export-based growth.