Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Finance Minister Dar Refutes Predictions of Pakistan’s Default
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Pakistan's Interim Prime Minister, Election Act 2017 Amendments
PhotoNews Pakistan > Pakistan > Finance Minister Dar Refutes Predictions of Pakistan’s Default
PakistanTop News

Finance Minister Dar Refutes Predictions of Pakistan’s Default

Web Desk
By Web Desk Published June 3, 2023 2 Min Read
Share
SHARE

Finance Minister Ishaq Dar fired back at former finance chief Miftah Ismail’s remarks predicting Pakistan’s potential default, saying such predictions were shame-inducing.

Ismail, previously removed from the finance minister position, had warned that Pakistan might face default by October unless the International Monetary Fund’s (IMF) stalled program resumed. He claimed the delay in the IMF program contributed significantly to the current economic predicament.

In response to Ismail’s gloomy economic prognosis, Dar stated at a business meeting in Islamabad that the government had implemented several steps to maintain economic stability. He admitted to challenges but reassured the business community of eventual recovery, albeit a gradual one.

Dar stressed his achievements in improving the economy during the Pakistan Muslim League-Nawaz (PML-N) administrations in 1999 and 2013. He blamed political instability for the economic crisis and claimed that the hardest reforms had already been implemented.

Regarding the unprecedented delay in the IMF program revival, Dar refuted any technical reasons. Despite growing predictions of a national default, Dar remained defiant, criticizing such pessimism as disloyalty.

He dismissed any notion of a potential default, emphasizing Pakistan’s significant assets. Dar maintained a positive outlook, asserting, “We don’t need to worry. This too shall pass.”

Pakistan, a $350 billion economy, is experiencing financial upheaval amidst the delay in securing the much-needed IMF funding to avert default risks. Although the government has been negotiating since January to restart the $1.1 billion loan tranche from the IMF’s $6.5 billion Extended Fund Facility (EFF) agreed upon in 2019, it appears to be planning to negotiate a new program with the IMF following the budget without completing all pending reviews.

TAGGED:FeaturedPak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Jessica Simpson breakup

Jessica Simpson Shares Tony Romo Breakup Story and Boat Dispute

Nvidia UK data center investment

OpenAI and Nvidia CEOs to Support UK Data Center Investments

Hyundai’s Adrien Fourmaux at Rally Chile 2025

Hyundai’s Adrien Fourmaux Takes Slim Lead at Rally Chile 2025

Post Archives

More Popular from Photonews

Ed Sheeran Leaves Britian for Country Music America
Entertainment

Ed Sheeran Announces Move to America with Family for 2025 Tour and Country Music Dreams

3 Min Read
Kristin Cabot Divorce
World

Kristin Cabot Files for Divorce After Coldplay Concert Kiss Scandal

2 Min Read
OpenAI Broadcom AI Chips
Tech

OpenAI Partners with Broadcom for $10B AI Chip Deal

2 Min Read
Punjab

ASP Shehrbano Naqvi Named First Pakistani Female Asia 21 Fellow

Assistant Superintendent of Police (ASP) Shehrbano Naqvi has been selected for the Asia Society 21 Next…

September 7, 2025
World

Festering Corpse Found in Tesla Trunk Linked to Rapper D4vd in 2025

Hollywood authorities discovered a rotting corpse in the front trunk of an impounded Tesla registered to…

September 10, 2025
Sports

ICC Men’s T20 World Cup 2026 Dates and Venues Announced

The International Cricket Council (ICC) has announced tentative dates for the 2026 Men’s T20 World Cup,…

September 10, 2025
Sports

Inter Miami Academy to Wear Messi’s ‘Promise Kit’ in 2025-26 Season

In the 2025-26 season, Inter Miami’s youth academy teams will make history by wearing the ‘Promise…

September 13, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?