Pakistan's National Assembly (NA) session began with the recitation of the Holy Quran followed by the national anthem. The country's Prime Minister Shehbaz Sharif was also in attendance.
The minister while unveiling the survey, spoke less about the dismal performance of various sectors of the Pakistani economy and more on the global environment and economic fundamentals the Pakistan Democratic Movement (PDM) government had inherited when it came to power in April last year.
Ishaq Dar while talking to a delegation of the Karachi Chamber of Commerce & Industry (KCCI) on Saturday, said: "There's no quick fix, and it will take time as we had faced such challenges in 1998 and 2013; but all of those challenges were efficiently tackled in due course of time."
Pakistan Finance Minister Ishaq Dar on Wednesday said that the talks with Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan were only possible if the latter "apologise to the nation for the May 9 riots," Pakistan-based ARY News reported
A staff-level accord to release a USD 1.1 billion tranche out of a USD 6.5 billion IMF package has been delayed since November, with nearly 100 days gone since the last staff-level mission to Pakistan.
Amidst very high inflation and extremely low forex reserves, the International Monetary Fund (IMF) bailout plan for Pakistan looks dicey, unless the country makes a strong case for debt sustainability, reported Daily Times.
Ishaq Dar, the finance minister, revealed on Saturday that the federal government has decided to raise the cost of petrol by Rs 10 per litre for the ensuing 15 days, Geo News reported.
Shehbaz Sharif also expressed his gratitude to Saudi Arabia and the United Arab Emirates. The UAE had committed a loan of USD 3 billion. He lauded the efforts of Foreign Minister Bilawal Bhutto, Finance Minister Ishaq Dar and Chief of the Army Staff Asim Munir for making efforts in this r
"We are now only awaiting the confirmation of a USD 1bn commitment from one friendly country. After that, all their requirements to conclude the staff-level agreement will be complete. Following that, it takes two more weeks to take the matter into the board meeting," he assured his people.
Pakistan's Minister for Finance and Revenue Ishaq Dar has cancelled his visit to the United States despite Islamabad making efforts to pursue the International Monetary Fund (IMF) to release a loan tranche, The Express Tribune reported.
Moreover, with heightening currency risks simultaneously with the rupee sinking, foreign countries are shying away from extending loans to Pakistan, reported The Express Tribune.