Twice in the past three months, Dar had said that Saudi Arabia would give $3 billion cash –the second bailout in the past one year. By June 30th, the foreign exchange reserves position would be “exceptionally good compared to where Pakistan is standing today”, claimed the finance minister. The finance minister once again claimed that the “government is committed to the IMF programme. “Default, default and default mantra should be stopped as it is harming Pakistan”, pleaded the finance minister. The finance minister stated that the PTI’s white paper, released a day ago, was deceiving and most of the macroeconomic figures were wrong.

Source: The Express Tribune January 05, 2023 02:21 UTC