According to the Finance Minister, these rumors are not only untrue but also contradict the facts.
Finance Minister Ishaq Dar blasted harmful rumors regarding the country’s impending default on Thursday.
In a series of tweets on Thursday, he stated that these rumors were not only untrue but also contradicted the facts.
Anti-Pakistan elements are spreading malicious rumors that Pakistan may default. This is not only completely false but also belie the facts. SBP forex reserves have been increasing and are almost
US $ 1 billion higher than four weeks ago despite making all external… 1/2— Ishaq Dar (@MIshaqDar50) March 2, 2023
Despite making all externally due payments on time, the finance minister claimed that SBP’s foreign exchange reserves have been rising and are now nearly $1 billion higher than they were four weeks ago.
due payments on time. Foreign commercial banks have started extending facilities to Pakistan. Our negotiations with IMF are about to conclude and we expect to sign Staff Level Agreement with IMF by next week. All economic indicators are slowly moving in the right direction. 2/2
— Ishaq Dar (@MIshaqDar50) March 2, 2023
He claimed that Pakistan has begun to receive facilities from foreign commercial banks.
Ishaq Dar said that our talks with the IMF are about to come to a close, and we anticipate signing a staff level agreement with them by the end of the week.
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