Miftah Ismail debunks interim govt’s claims that PML-N emptied the exchequer

August 8, 2018

Former finance minister Miftah Ismail has taken to Twitter to hit back at the interim government’s claims that the PML-N emptied the exchequer before leaving.

He said that the claim made by Interim Foreign Minister Abdullah Hussain Haroon, that the previous government took Rs200 billion after 5pm on the last day of its tenure, was not true.

He also addressed claims that when the interim government took charge, there was no money. Ismail, who served as finance minister in the last PML-N government, said that to even say such a thing betrays a complete lack of understanding of how government finances work.

“Yes our federal government borrows a lot of money, but our treasury is never empty!” he clarified.

Haroon had also said that the interim government had to make payments and there was an immediate need for Rs3 billion. Meanwhile, the dollar rate started rising, he said.

Addressing this, Ismail expressed shock that the claim was even made. He said Rs3 billion is a piddling sum to the government and that its own institutions have more cash in hand than that.