Anti-Pakistan elements are spreading malicious rumors that Pakistan may default

Anti-Pakistan elements are spreading malicious rumors that Pakistan may default

Anti-Pakistan elements are spreading malicious rumors that Pakistan may default. This is not only completely false but also believe the facts. 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 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. Finance Minister Ishaq Dar.

Sub-Editor: Arslan M