Karachi, Pakistan – Despite its fast-shrinking foreign exchange reserves which will inhibit imports of essential fuel, cooking oil and pulses, Pakistan says it will not be in dire straits like neighbouring Sri Lanka and that it has a “strategy” to boost its reserves.
“No chance of default, none,” said Pakistan’s finance minister Miftah Ismail in an interview with Al Jazeera. “Yes we have a strategy to increase our reserves and you will see that they will start to increase.”
