Rashid slams coalition govt for dwindling reserves

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Awami Muslim League (AML) chief Sheikh Rashid Ahmad said on Friday the entire country had been put on high alert as foreign exchange reserves had dropped to an alarming level of below $6 billion.

Taking to Twitter, he said it appeared that the 13-party coaltion had faded as they were involved in trivial matters such as helicopter landing [a reference to the KP CM helicopter].

Exposing the country’s economic situation, the former minister said “we have to see whether or not Saudi Arabia and China will lend Pakistan Rs3 billion each.” Negotiations with the IMF, he said, also hanged in the balance. He was of the view that there was no provision of a technocratic government in the Constitution and that an interim government could be formed for the next general election.

Mr Rashid further said rather than becoming part of any war against terrorism, Pakistan should eliminate the menace of terrorism from its soil. He suggested inclusion of the new election agenda in the National Security Committee (NSC) meeting.