Repayment of the loan is taking a long time
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7 minutes ago
Federal Finance Minister Ishaq Dar says that Pakistan's foreign exchange reserves are not 4 billion dollars but 10 billion dollars, and 6 billion dollars with commercial banks also belong to Pakistan. He expressed hope that Pakistan's foreign exchange reserves will stabilize again very soon.
In his statement, Federal Minister Ishaq Dar said that the reserves will be stabilized soon after receiving funds from friendly countries, and the IMF delegation will visit Pakistan soon.
Regarding Pakistan's foreign exchange reserves, the finance minister said that these reserves will stabilize very soon after the transfer of funds from other friendly countries including Saudi Arabia.
He said that Pakistan's outstanding debt is being repaid on time, although the national debt of any country, including the United States, has not decreased. Ishaq Dar also mentioned that recovery after repayment of the loan is a time-consuming task.
It should be noted that the Finance Minister will also go to the United Arab Emirates on a 3-day official visit after the Geneva Conference.
Statement by IMF Representative in Pakistan
On the other hand, the representative of IMF in Pakistan, Esther Perez, said in her statement that MDIMF had a constructive discussion with Prime Minister Shahbaz Sharif. The MD also expressed sympathy for the flood victims.
The representative of the IMF further said that the international conference in Geneva is being held to help the flood victims of Pakistan, in which the IMF delegation is expected to meet with Finance Minister Ishaq Dar and discuss important issues.
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