ISLAMABAD – Finance Minister Ishaq Dar said on Friday Pakistan is expectedto receive $1.3 billion in financing from the Industrial and CommercialBank of China in the coming days to help improve its foreign exchangereserves.
Addressing a press conference, he hoped that by June 30 the State Bank ofPakistan’s (SBP) reserves will improve to $10 billion and national reservesto $16 billion.
Dar the government has a roadmap and policies for taking the country out ofthe current economic problems. Regarding the progress of negotiations withthe International Monetary Fund (IMF) for a bailout programme, Dar said allprior conditions demanded by the Fund have been fulfilled.
He categorically rejected the impression of a default and said “we havenever defaulted and we won’t now despite going through a precarioussituation”.
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He said the current government had made a principled decision to save thestate at the cost of its political capital. He slammed the PTI chief,calling on him to reflect on his own past and government’s performance.
The finance minister said Imran’s attitude was selfish, adding thatoppositions around the world worked together with the government onnational issues.
