Dar brushes aside rumors of default, smashes PTI for weakening economy.

ISLAMABAD -- Federal Minister for Finance and Revenue, Senator Mohammd Ishaq Dar said here on Friday that there was no chance of default despite the fact that the country was passing through a precarious situation.

'Pakistan has not defaulted nor would it default. Yes, we were at a precarious position and we are passing through it,' the federal minister said while addressing a press conference here.

He said, although the reserves held by the State Bank of Pakistan (SBP) depleted to $2.8 billion, the national reserves were still at $ 9 billion.

He said it was strange that Imran Khan has been talking about the default of and on despite the fact that he himself was responsible for bringing the economy to this position during his 42 months of government.

It was his finance minister who was caught advising the provincial minister KP not to cooperate with the federal government and let not the issue with International Monetary Fund (IMF) be resolved.


To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT