Cash-strapped Pakistan's prosperity, economy 'Allah ke zimme': FM

Facing an acute balance of payments crisis, Pakistan is desperate to secure much-needed external financing

Press Trust of India Islamabad

Finance Minister Ishaq Dar on Friday said Pakistan is the only country founded in the name of Islam and Allah is responsible for its development and prosperity, as the cash-strapped nation faced an acute balance of payments crisis. Addressing the inauguration ceremony of the Green Line Express Train service here, the senior Pakistan Muslim League-Nawaz (PML-N) leader said that he had full faith that Pakistan would progress because it was created in the name of Islam.
The minister was speaking on the state of the economy, when he said that Pakistan’s progress is “Allah ke zimme”, which means that the country’s prosperity is god's responsibility. The comment comes at a time when weekly inflation has surpassed 31 per cent in Pakistan, onion prices have surged by more than 500 per cent and rates on rice, pulses and wheat are up almost 50 per cent. 
“If Allah can create Pakistan then He can also protect, develop, a

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


Also Read

US can't stop us from purchasing Russian oil: Pakistan minister Ishaq Dar

The country will not default: Pakistan's finance minister Ishaq Dar assures

IMF can't dictate to Pak govt, says Ishaq Dar over delay in review

Miftah resigns as Pakistan FM, Ishaq Dar to return after 5-year exile

FM Dar's economics for Pak: Temporary relief, permanent damage, says report

US consumer spending softens in December even as inflation eases

Pakistan's power crisis lingers, paralyses economic activities

Cash-strapped Pakistan's currency plunges to Rs 262.6 against US dollar

Pakistani rupee tumbles to all-time low against USD amid IMF condition

US economy shows signs of slowdown after growing 2.9% last quarter

First Published: Jan 28 2023 | 12:52 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to