Oct 10, 2022: Finance Minister Ishaq Dar suggests all Letters of Credit rating payments upto fifty thousand bucks will be released by the up coming thirty day period.
Chatting to media in Islamabad on Sunday, he stated full pending cases of Letter of Credit payments are 7,952 and 4,400 of them will be solved after this choice. He stated the governing administration is dedicated to handle problems of the business local community.
The Finance Minister also clarified that Pakistan is not going to the Paris Club for rescheduling of its financial loans. He stated Pakistan will make sure payments of its nationwide sovereign credit card debt liabilities with the multilateral establishments perfectly in time. He reported a strategy has been evolved in this regard.
Ishaq Dar also rejected speculations about any extension in the maturity of an intercontinental bond of the nation. He stated that bond is being matured in December this 12 months and we will not seek its extension and all the payments in this regard will be made timely.
Finance Minister also clarified that we are not likely to renegotiate the IMF Programme. He explained Pakistan is a sovereign place and all intercontinental commitments will be fulfilled.