Saturday, June 15, 2024

Ishaq Dar Rejects Rumors About Pakistan’s Default

Ishaq Dar, the finance minister, has denied the false rumours that the nation may default. He said that these rumours are not only wholly untrue but also belie the facts in a series of tweets on Thursday.

Despite paying all external due payments on schedule, the finance minister said that SBP’s foreign exchange reserves have been rising and are now about one billion dollars higher than they were four weeks ago.

He claimed that Pakistan had begun to receive facilities from foreign commercial banks. Ishaq Dar added that our talks with the IMF are going to come to a close, and we anticipate signing a staff level agreement with them by the end of the week.

All economic indices, according to the minister, are gradually going in the right direction.

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