Miftah Ismail, the former Federal Minister for Finance and Revenue, took to twitter to ask the people of Pakistan to send in their questions regarding the economy and reimagining Pakistan. And he had some valuable bits to share. Miftah Ismail’s dig at Maria B is being talked about on Twitter.
Please ask me any question you want about our economy and about Reimagining Pakistan. I will try to answer as many questions as I can. Thank you.
— Miftah Ismail (@MiftahIsmail) February 5, 2023
Miftah Ismail addressed some questions such as what would the consequences be if Pakistan did not go to the IMF.
Bhai we lose credibility in the eyes of international players. That’s very costly. Plus we lost a few billion dollars in remittance and exports and in lost loans. And finally this delay resulted in many factories closing, shortage, etc. So quite a bit of loss.
— Miftah Ismail (@MiftahIsmail) February 5, 2023
When it came to the question of Pakistan going to default, Miftah seemed hopeful… if things worked out.
Once the IMF programme is on and we get some friendly deposits, the probability will asymptotically approach zero. 😊
— Miftah Ismail (@MiftahIsmail) February 5, 2023
But he didn’t just answer questions about the economy. He also spoke on the issue of intolerance and hatred. In response to a question by Farhat Shirin, Miftah Ismail slammed Maria B, saying there clearly was a need to self-reflect ‘when fashion designers hate on transgender people and people destroy minority places of worship.’
Doctor Sahiba we don’t need to just work on our image of intolerance, we need to actually expunge intolerance from our society—as you well know. When fashion designers hate on transgender people and people destroy minority places of worship then we need to self-reflect.
— Miftah Ismail (@MiftahIsmail) February 5, 2023
Also read: IMF Best Insurance Against Default: Miftah Ismail Exclusive With TFT
Miftah Ismail is one of the key figures of Pakistan Muslim League-Nawaz (PML-N), a leading politician and an economic wizard of the country who knows his job and has never shied away from calling a spade a spade. He is a true democrat and patriot for whom the national interest comes first. He served as Federal Minister of Finance from April 19, 2022 to September 27 last year when the country’s economy was in shambles. Miftah burned the midnight oil and left no stone unturned in fixing the economy and did a good job by putting the economy on the right track.
He was interviewed by Hassan Naqvi for The Friday Times recently and seemed hopeful about the conclusion of IMF deal.
“The quick response of the IMF means that they absolutely want to work with us and that the IMF will protect us. The IMF is the best insurance we have against default. So I think that if the IMF agreement is made, then God willing, it will be good.”
He confirmed that the ‘IMF was not willing to come to the table unless we let go of the currency, meaning we let market forces decide the rate. Now that we have done that, they are here to talk as well.’
