Negotiation with IMF almost completed: Ishaq Dar

• He said anti-Pakistan elements are spreading rumors of default.
• Ishaq Dar said this is completely false and against the fact.
• He said that all the economic indicators are gradually improving.

ISLAMABAD: Federal Minister for Finance and Revenue Ishaq Dar has said that negotiations with the International Monetary Fund (IMF) almost completed.

In his Twitter message, Finance Minister Ishaq Dar said anti-Pakistan elements are spreading malicious rumors that Pakistan may default. He said this is not only completely false but also belie that fact.

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

He said that the foreign exchange reserves of the State Bank of Pakistan (SBP) have been increasing and are almost US $ 1 billion higher than four weeks ago despite all external due payment. He said foreign commercial banks have started providing facilities to Pakistan.

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Ishaq Dar also said that all the economic indicators are gradually moving in the right direction and government negotiations with IMF are about to conclude and expect to sign staff level agreement with IMF by next week.