Says anti-Pakistan elements spreading rumours about default
ISLAMABAD
Federal Finance Minister Ishaq Dar Thursday said the staff-level agreement with International Monetary Fund (IMF) is expected to be finalized next week. The finance minister told the media on Thursday that negotiations with the IMF are about to end as discussions with the IMF are proceeding positively.
Ishaq Dar said economic indicators are gradually moving in the right direction but some anti-state elements are spreading rumours of the default of Pakistan which is baseless and contrary to the facts.
He confirmed that the State Bank of Pakistan’s (SBP) foreign exchange reserves have increased by one billion dollars and foreign commercial banks have started providing facilities to Pakistan.
Meanwhile in a message on his twitter handle today, Finance Minister Ishaq Dar has said that anti-Pakistan elements are spreading malicious rumours that Pakistan may default, which is not only completely false but also belie the facts.
The Finance Minister said that the State Bank of Pakistan (SBP) forex reserves have been increasing and are almost US$ 1 billion higher than four weeks ago despite making all external due payments on time.
“Foreign commercial banks have started extending facilities to Pakistan. Our negotiations with the International Monetary Fund (IMF) are about to conclude and we expect to sign the Staff Level Agreement with the IMF by next week. All economic indicators are slowly moving in the right direction,” he maintained.
