ISLAMABAD: Federal Minister for Finance and Revenue, Ishaq Dar said on Thursday that negotiations with the IMF (International Monetary Fund0 were in final phase and Staff Level Agreement with IMF was expected next week.
Taking to his twitter handle on Thursday, the minister said,
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
Rumours of Default Completely False
The minister that some some Anti-Pakistan elements were spreading such rumours that Pakistan was going to default.
He said that talks with the IMF were going on the right direction and situation will be further improved in the coming days
Ishaq Dar further said that the reserves at SBP (State Bank of Pakistan) also witnessed an increase and were recorded as $ 1 billion higher than four weeks ago and the government managed to pay its external due payments
