Pakistan's defence minister Khawaja Asif declared that the country is now "bankrupt". Asif said that Pakistan has already defaulted and blamed the politicians and bureaucracy for the economic crisis. Pakistan is going through one of its worst economic crises. Many essential food items are now unaffordable for large swathes of the country’s population. Petrol prices were raised by ₹22 (in Pakistani currency) to ₹272 a litre. Kerosene and both light and high-speed diesel will be more expensive.