Finance Minister Ali Sabry told Parliament today the Government is struggling to find enough foreign exchange to finance essential imports.
Making a statement in Parliament, the Finance Minister said that the usable liquid reserves are at negligible levels, severely impacting importation of essentials, including fuel, LP gas and pharmaceuticals.
“I would not hesitate to inform this august assembly that the government is struggling to find enough foreign exchange to finance these essential imports,” the Finance Minister said.
He said there needs to be urgent solutions to restore supply chains on essential items, to address the grievances of the people and to move forward on a reform programme and to work on bridging financing and also to implement medium to long-term growth-related policies.
The Finance Minister also said that political stability and support from all parties including the private sector are vital factors for the Government to implement this much needed reform agenda.
Post a Comment