- Regrets reprehensible efforts being made to create havoc
- Ishaq Dar says SBP receives $500m from Asian Infrastructure Investment Bank
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Tuesday said that due to difficult decisions taken by the coalition government, Pakistan was out of the risks of default.
“The government is taking all possible steps to further strengthen national economy and striving hard with priority measures to reduce price hike and provide relief to the common man.”
ہے.پاکستان کی معاشی صورتحال کے بارے میں غلط معلومات پھیلا کر بے بنیاد ہیجانی کیفیت پیدا کرنے کی مزموم کوشش کی جا رہی ہے.اتحادی حکومت نے سیاسی قیمت کی پرواہ کئے بغیر ملک کو گزشتہ چار سال کی نا اہلیوں کا خمیازہ بھگتنے سے بچا لیا. وزیرِ اعظم شہبازشریف pic.twitter.com/4ZhcT3qUtD
— PML(N) (@pmln_org) November 29, 2022
Prime Minister Shehbaz Sharif expressed the views while talking to a delegation of Jefferies, a leading global investment banking and capital markets firm. Minister for Finance Ishaq Dar was also present during the meeting, said PM Office Media Wing in a press release on Tuesday.
The prime minister regretted that unfounded rumours were being spread about the economy of Pakistan and reprehensible efforts were being made to create havoc.
He said the coalition government without caring for the political price, saved the country from the repercussions of the previous four years of maladministration by the former government.
He also reiterated that the government was making efforts to reduce the foreign trade deficit and providing all possible facilities to the foreign investors.
Welcoming the delegation, the prime minister invited the firm to open its office in Pakistan.
The delegation termed the economic recovery of Pakistan as a good sign under the leadership of prime minister that faced the economic challenges in an effective manner and put the country on the path of economic stability.
Asian Infrastructure Investment Bank provides $500m
Meanwhile, Federal Minister for Finance Ishaq Dar Tuesday said the State Bank of Pakistan (SBP) had received $500 million from the Asian Infrastructure Investment Bank (AIIB) (SBP).
Taking to his twitter handle on Tuesday, the Finance Minister confirmed that the bank has provided this amount of US$500 million as Programme Finance.
Govt of Pakistan has today received US$ 500 million from Asian Infrastructure Investment Bank (AIIB). The funds are deposited with SBP and will augment our reserves. @AIIB_Official @StateBank_Pak @MIshaqDar50
— Ministry of Finance (@FinMinistryPak) November 29, 2022
Ishaq Dar said in his tweet, “AIIB has transferred today, as per their board’s permission, to State Bank of Pakistan/Government of Pakistan $500 million as programme finance.”
Asian Infrastructure Investment Bank (AIIB) has transferred today, as per their Board’s approval, to State Bank of Pakistan/Government of Pakistan
US $ 500 million as program financing.— Ishaq Dar (@MIshaqDar50) November 29, 2022
It is important to mention here that the finance minister had earlier this month stated that Pakistan would receive the money as co-financing for a development programme.
It is also worth mentioning that the Asian Development Bank (ADB) and Pakistan agreed last month to offer a policy based US$1.5 billion loan for the government of Pakistan’s budgetary support, flood-related rehabilitation, and other purposes.
