Pak situation can’t be compared with events in Egypt, Tunisia: GilaniBy ANI
Monday, January 31, 2011
MULTAN - Pakistan Prime Minister Yousaf Raza Gilani has said that the current situation in Egypt or Tunisia cannot be compared with that of Pakistan, as the country’s “institutions are working and democracy is functional”.
“Pakistan’s economy is under pressure, not in crisis. Our foreign exchange reserves are at an unprecedented high level of 17 billion dollars. The stock exchange index that was oscillating between 5,000 to 6,500 points when we took over is now touching 12,500 points,” the Daily Times quoted Gilani, as saying.
“Our exports have reached 11 billion dollars and may double by the end of this fiscal year, and foreign remittances are over 10 billion dollars,” he added.
Gilani also emphasized that country’s economy is under pressure due to terrorism, extremism, global recession and floods.
The Prime Minister further said that the government was committed to strengthening institutions, adding that strong institutions could at least reduce corruption if not eliminate it. (ANI)