Miftah Ismail says economic hardships to persist till September

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KARACHI: Finance Minister Miftah Ismail said Saturday that Pakistan’s economic hardships would continue till September but expressed hope of reviving the economy after obtaining loans from global institutions and friendly countries.

In a press conference after meeting the Karachi Chamber of Commerce and Industry (KCCI), the finance minister said that the coalition government had taken tough decisions — cutting subsidies and broadening the tax base — after coming into power — and apologised to the businessmen for it.

“We will face difficulties till September. You will have to pay your share of tax no matter what […] and I apologise for the difficulties everyone is facing, but my primary objective is to save the country from default,” Miftah said.