ISLAMABAD:Finance Minister Ishaq Dar has dismissed the malicious rumours about country’s possible default.

 

In a series of tweets on Thursday, he said these rumours are not only completely false but also belie the facts. He said SBP forex reserves have been increasing and are almost one billion dollars higher than four weeks ago despite making all external due payments on time.

 

The Finance Minister said foreign commercial banks have started extending facilities to Pakistan. He said our negotiations with IMF are about to conclude and we expect to sign Staff Level Agreement with IMF by next week. He said all economic indicators are slowly moving in the right direction.