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      Rahul Gandhi criticizes Modi’s handling of relations with China

      Rahul Gandhi criticizes Modi’s handling of relations with China

      Chinese fans welcome ‘Comrade Musk’

      Chinese fans welcome ‘Comrade Musk’

      Syrian refugee becomes mayor of German village

      Syrian refugee becomes mayor of German village

      China declines US invitation for meeting in Singapore

      China declines US invitation for meeting in Singapore

      Shanghai records hottest May day in 100 years

      Shanghai records hottest May day in 100 years

      Erdogan launches new attack against Turkey’s LGBTQ Community

      Recep Tayyip Erdogan pays homage to his executed Islamic predecessor

      Earthquake jolts different parts of Punjab and KP

      Japan: Earthquake hits coast east of Tokyo

      Tipu Sultan bedchamber sword sold for $17.4 million

      Tipu Sultan bedchamber sword sold for $17.4 million

      Wall Street debt payments at risk of default

      Wall Street debt payments at risk of default

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      Meeting with Bilawal Bhutto demonstrates Pak-China close ties, Zhao Lijian

      Pakistan to develop its economy with great potential, Zhao Lijian

      OGRA reduces prices of LPG for June 2023

      OGRA reduces prices of LPG for June 2023

      Govt trying to put inflation burden over rich class, Dr. Aisha Ghaus

      Minister termes IMF mission chief’s statement as “interference”

      Ishaq Dar to lead high-ranking delegation for meetings with IMF, WB

      Govt shares budget proposal with IMF for review

      Ishaq Dar confirms to return Pakistan in July

      Islamic finance potentially able to address challenges of poverty, Dar

      US Ambassador calls on Finance Minister Ishaq Dar

      US Ambassador calls on Finance Minister Ishaq Dar

      World Bank approves $213 million in financing for Balochistan

      World Bank approves $213 million in financing for Balochistan

      OGRA takes action against illegal sale of petroleum products

      OGRA takes action against illegal sale of petroleum products

      Ishaq Dar to lead high-ranking delegation for meetings with IMF, WB

      Successfully conclude tasks pertaining to IMF, Ishaq Dar

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      Hate against Muslims becomes fashionable in India, Naseeruddin Shah

      Hate against Muslims becomes fashionable in India, Naseeruddin Shah

      Ranbir to replace Salman Khan in Aamir Khan’s ‘Campeones’ remake

      Ranbir to replace Salman Khan in Aamir Khan’s ‘Campeones’ remake

      Highly-anticipated movie ‘Adipurush’ continues to make waves

      Highly-anticipated movie ‘Adipurush’ continues to make waves

      Arooj Aftab ignites social media debate on cultural labelling

      Arooj Aftab ignites social media debate on cultural labelling

      Music star Salman Ahmed condemns May 9 vandalism

      Music star Salman Ahmed condemns May 9 vandalism

      Celebrities, renowned personalities pay homage to martyrs

      Celebrities, renowned personalities pay homage to martyrs

      Indian TV star Nitesh Pandey passes away

      Indian TV star Nitesh Pandey passes away

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      French prosecutors charge VP with corruption in Qatar 2022 World Cup

      French prosecutors charge VP with corruption in Qatar 2022 World Cup

      Wicketkeeper Jimmy Peirson included to Australia’s squad for Ashes

      Wicketkeeper Jimmy Peirson included to Australia’s squad for Ashes

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      El Salvador cancels national football tournament following stampede

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      Jordi Alba to leave Barcelona after 11 years in end of this season

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      Always Love Yourself First: Embracing Self-Love and Respect

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      Exploring the Path to Real Happiness: Living in the Present with Joy

      No need to nullify NAB laws, Supreme Court

      PTI to return assembly if wants amendments in NAB laws, SCP

      IK including Bushra Bibi declares his assets including

      Imran Khan spend Rs900 m at Prime Minister Office between 2019 to 2021

      Peru sentences ex-president to 1.5 years in prison

      Peru sentences ex-president to 1.5 years in prison

      ISLAMABAD: Police mobile crushes Mother, Daughter to death

      ISLAMABAD: Police mobile crushes Mother, Daughter to death

      ECP unanimously finds PTI guilty of receiving prohibited foreign funds

      Imran Khan to send Rs10b notice to CEC in Toshkhana reference

      T20 World Cup: New Zealand thrashes hosts Australia in the first match

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      Home BUSINESS

      Successfully conclude tasks pertaining to IMF, Ishaq Dar

      Our team successfully transformed current account deficit into a surplus in past two months

      Web Desk by Web Desk
      in BUSINESS, FINANCE, TOP STORIES
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      Minister for Finance and Revenue Ishaq Dar said on Wednesday that his team has successfully concluded the tasks pertaining to the IMF programme and is currently focused on finalising the remaining aspects.

      Addressing an event in Islamabad, he confidently stated that Pakistan is not at risk of default. He highlighted the remarkable achievement of transforming the current account deficit into a surplus in the past two months, impressing renowned economists.

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      While acknowledging the potential ease an IMF tranche could provide, he explained that the delay in the process is due to certain structural reasons. He said that the government’s aim is to complete the IMF programme by June 30, and expressed optimism about effectively addressing the prevailing circumstances.

      The Minister highlighted the prevailing challenges faced by Pakistan. He underscored the country’s economic position, noting that in 2017, Pakistan stood as the 24th largest economy globally. However, he revealed that recent developments have resulted in a downward shift, as Pakistan now ranks 47th in the global economy.

      Dar also urged collective efforts to restore Pakistan’s position as the 24th largest economy, emphasising the importance of working together towards this shared goal.

      The financial czar further announced that Chinese banks have returned $2 billion to Pakistan, while Pakistan has repaid $5.5 billion to commercial banks. He expressed the view that the IMF review should have been conducted earlier but assured that the government’s team has already completed the necessary work for the programme.

      Dar underlined the ongoing efforts to finalise the IMF programme, which is expected to conclude by June 30 and expressed hope that these measures will effectively address the current economic situation.

      The finance minister went on to say that Pakistan faced a declaration of default in 2013. However, he expressed optimism that the current situation would be effectively managed, assuring that Pakistan would not default.

      Tags: default riskIMFishaq dartasks

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      Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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