Pakistan come out of financial crisis: central bank governor

Vastavam web: Pakistan has come out of the financial crisis with the help of friendly countries and the economy has been set on the right path, the governor of the cash-strapped country’s central bank has claimed. Governor of the State Bank of Pakistan Tariq Bajwa’s remarks coincided with the announcement by Saudi Arabia that it would invest USD 20 billion in Pakistan under various projects.

Bawja told an audience at a private university in Lahore on Monday that uncertainty in the economy had ended, while the government was on the right path and it was capable of meeting all economic challenges, Dawn reported. The current account deficit was the real cause of concern for the new government headed by Prime Minister Imran Khan. Khan visited friendly countries like China, Saudi Arabia, the UAE, Malaysia and Turkey to seek investment and managed to get financial help to bridge the external deficit.