Pakistan's Finance Minister Ishaq Dar on Sunday reacted to reports claiming that Pakistan Muslim League-Nawaz (PML-N) was considering proposing his name for caretaker prime minister.
The IMF's announcement on Wednesday came after Pakistan Finance Minister Ishaq Dar said that Pakistan received USD 1 billion from the UAE as part of its financial commitment to help Pakistan receive the IMF bailout package.
Dar in a late-night press conference said: "There has been no increase in the price of petrol." He, however, added that the diesel price has been increased by Rs 7.50 per litre.
The Pakistan government is racing against time to unlock at least USD 1.1 billion under the lender's ninth review of a USD 6.5-billion Extended Fund Facility agreed in 2019. The programme expires on Friday.
Ishaq Dar said that the prices of petrol and diesel will remain unchanged. The decision to keep the petroleum products prices unchanged is taken in view of international rates, according to ARY News.
Pakistan Finance Minister Ishaq Dar on Thursday said that Pakistan and International Monetary Fund (IMF) are underway and the talks have not failed nor the negotiation phase has concluded, reported ARY News.
The federal budget for Fiscal Year 2023-24, presented by Pakistan Finance Minister Ishaq Dar on Friday, came as a huge disappointment for homemakers as it offered no respite from surging household expenses, The News International reported.
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."