the potential for Pakistan to default on its loans, postpone the deadline for receiving the December bond payments, or renegotiate the terms of the country’s present IMF programme.
After the terrible floods that resulted in losses of roughly 32 billion dollars, he said that the multilateral development banks and international donors were “extremely flexible” in supplying Pakistan with the external money it required.
Despite recent projections that his nation will urgently require more than 16 billion dollars to recover from the devastating floods, the Minister of Finance for International Landers has promised to enact economic changes.
The minister expressed his hope that Pakistan will assist in getting its urgent and long-term needs by contributing to the post-flooding donors conference, which French President Emmanuel Macron promised to hold the following month.
In late August, the International Monetary Fund released an amount of $ 1. 1 billion granted to Pakistan as part of a bundle of six billion dollars reached in 2019 with the government of Prime Minister Shahbaz Sharif achieved progress in the field of reforms.
Dar declared: “We will make extra efforts if necessary to assure that the programme (the reforms) is successfully completed.
” He added that doing this “sends a positive message to the international community and markets,” expressing his appreciation for the pledges of other countries to Pakistan, which was “very responsive. ”
Following the resignation of his predecessor, Dar assumed the role for a fourth time last month and approved political risks.
In response to the rallies asking for early elections, former prime minister Imran Khan, a Krick star, intends to take political action and remove him by voting to withdraw confidence in him in April.
Although the agreement reached by Khan’s government with the International Monetary Fund stated that government support for prices should only be limited to the most poor at a time when Pakistan is having trouble organising its financial affairs, Khan reduced fuel prices during the final period of his term.
Dar stated that some of his political allies demanded that Khan remain a longer period in government to deal with the repercussions of the economic crisis..
Pakistan wants to renegotiate bilateral obligations worth $27 billion.
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