IMF demanding 3 billion dollars guarantees from UAE, Saudi Arabia: Dar.

Ishaq Dar on Thursday said that Pakistan didn't delay a single day in its payments.

'We didn't defer a day in payments,' finance minister said while speaking on the floor of the Senate.

'All technical discussion has been completed, an agreement nearing with the International Monetary Fund (IMF),' he said.

'The IMF is demanding, what was committed during the fifth and sixth review of the bailout,' Dar said. 'The lender wants guarantees of three billion dollars from the UAE and Saudi Arabia,' finance minister told the Senate.

Ishaq Dar said that the foreign exchange reserves are improving. 'We are trying to take the reserves to 13 billion dollars level by June,' finance minister said.

'State Bank's monetary policy has been free without any intervention from the government,' he said. 'We have ourselves amended the state bank law. I was personally against these amendments...

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