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
"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.
Ishaq Dar was chairing the second meeting of the monitoring committee to oversee the implementation of austerity measures, according to a press statement issued by the finance ministry.
The minister while addressing a press conference on Friday said that every year, private security vans, carrying USD 2 billion in cash, "move from south to north." He said dollars are smuggled out from there.
Taking to Twitter, Pakistan Finance Minister Ishaq Dar announced, " Formalities completed [and] Chinese Bank, ICBC approved rollover of USD 1.3 billion facilities which has been repaid by Pakistan to ICBC in recent months."
Pakistan's government has taken the decision to generate PKR 335 billion more in revenue over the next fiscal year to finance the power sector's debt and liabilities.
Dar took to his Twitter to make the announcement. He wrote: "AlhamdoLilah! Funds USD 700 million received today by State Bank of Pakistan from China Development Bank".