ISLAMABAD – Ministry of Finance Thursday contradicted a news reportpublished in a section of the press claiming that International MonetaryFund (IMF) has barred Pakistan from extending sovereign guarantees tillDecember Review.
In a statement, Finance Division has termed the report and its headline asfalse and contradictory to an official response provided to the newspaperin advance of the published report.
The ministry has maintained that the concerned reporter who has filed thestory had approached the Spokesperson Finance Division Omar Hamid Khan andsent a question on whatsapp.
The reporter asked why the “Finance Ministry is not extending the sovereignguarantees against Rs 200 billion loan to be borrowed from Islamic banks toreduce the circular debt”.
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In response, Finance Division Spokesperson Omar Hamid Khan clearly told thereporter in a written reply that “In order to ensure fiscal discipline anddebt sustainability, the government has developed a policy framework whichhas also been agreed as part of the Extended Fund Facility provided by IMF.
