Islamabad: Finance Minister Ishaq Dar confirms that Pakistan will soon receive from friendly countries. including Saudi Arabia As foreign exchange reserves held by the Bank of Pakistan (SBP) fell to a record low, ARY News reported.
From talking to journalists in Islamabad The government is paying the country’s due debts on time. He regretted that the country’s foreign exchange reserves had decreased due to external debt repayments.
“Pakistan’s foreign exchange reserves will improve soon,” Ishaq Dar said, pointing to a decline in reserves held by the state bank by $1.2 billion to $4.5 billion.
He added that net international reserves held by commercial banks are nearly $6 billion. He added that the country would soon gain from friendly nations, including Saudi Arabia.
in answering questions The finance minister said a delegation from the International Monetary Fund (IMF) would reach Pakistan in the coming days. He said “we will also meet with the IMF delegation in Geneva” where Controversy over ‘Climate Resilient Pakistan’
Read more: PM Shehbaz says the government will comply with the terms of the IMF programme.
Ishaq Dar has announced he will be making a three-day official visit to the United Arab Emirates (UAE) following the controversial ‘Climate Resilient Pakistan’.
Read more: Pakistan will not default on debt, ISHAQ DAR assures investors at PSX
It is relevant to mention here that Foreign currency reserves are held by the central bank. Down $1.2 billion, reaching $4.5 billion. Pakistan repaid $600 million to Emirates Bank NBD and $415 million to DIB on Friday, they said.
after repayment Foreign exchange reserves have been reduced to $4.5 billion. That was enough for only 25 days of importation, they said.
