Tuesday November 28, 2023

Hareem Shah vows to boost reserves to $100bn if made caretaker foreign minister

SBP-held reserves swelled past $8bn mark in July after Pakistan received finances from IMF, UAE, Saudi Arabia

By Web Desk
August 13, 2023
Pakistans famous TikTok star Hareem Shah. — Instagram/@hareem.shah_official_account
Pakistan's famous TikTok star Hareem Shah. — Instagram/@hareem.shah_official_account 

Hareem Shah, who is a famous Pakistani TikTok star, has promised to boost the foreign reserves of the country if she is made the country's caretaker foreign minister. 

Taking to X, which is formerly known as Twitter, Hareem wrote: "If I am made the caretaker foreign minister of Pakistan for just six months, I will increase the foreign reserves of Pakistan from $8 billion to $100 billion dollars." 

She also uploaded a picture of herself with the statement on the microblogging website. 

However, social media users took Hareem Shah's statement as a joke but some of them said that she could definitely do it.

After nine months hiatus in July, the State Bank of Pakistan (SBP) held reserves swelled past the $8 billion mark after Pakistan received finances from the International Monetary Fund (IMF), United Arab Emirates (UAE) and Saudi Arabia. As per the official statement issued by the SBP, the total liquid foreign reserves held by Pakistan stood at $14.06 billion for the week that ended on July 14.

The famous TikToker's statement came after the dissolution of the National Assembly and the appointment of Senator Anwaar-ul-Haq Kakar as the caretaker prime minister.

He was appointed after a consensus was reached between the outgoing Prime Minister Shehbaz Sharif and Leader of the Opposition Raja Riaz, following which President Dr Arif Alvi signed the advice sent by them.

Senator Kakar is currently the chairman of the Balochistan Awami Party (BAP), and he is widely regarded as an intellectual. He holds a Master’s degree in Political Science and Sociology, and he is an alumnus of the University of Balochistan.