ISLAMABAD: Pakistan’s negotiations with International Monetary Fund (IMF) are about to conclude and Staff Level Agreement with fund is expected next week, Minister for Finance and Revenue Senator Ishaq Dar said here.

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

In tweet, Finance Minister said that some Anti-Pakistan elements were spreading malicious rumours that Pakistan may default. He said that these rumours were not only completely false but also belie facts.

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

State Bank of Pakistan’s foreign exchange reserves have been increasing and are almost $ 1 billion higher than four weeks ago despite making all external due payments on time, he added. Finance Minister said that foreign commercial banks have started extending facilities to Pakistan.

Published in The Daily National Courier, March, 03 2023

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