Ishaq Dar once again rules out possibility of Pakistan's default

Ishaq Dar once again rules out possibility of Pakistan's default

Islamabad (Web Desk): Finance Minister Ishaq Dar on Saturday said that the government will come up with new ideas in the weeks to come for the long term economic improvement.

Talking to a delegation of Karachi Chamber of Commerce and Industry (KCCI), he vowed to collectively steer the country out of current economic challenges.

The finance minister said we will bring agriculture revolution, establish a sovereign wealth fund and the IT sector will be focused. He said we will do the things which were ignored in the past.

Ishaq Dar said the delay in the International Monetary Fund (IMF) programme is unprecedented as there is no technical reason behind it.

The finance minister once again ruled out the default and regretted the statements being made by certain elements within the country in this regard.

He said Pakistan is a solvent country having assets worth trillions of dollars. He said

"Our external liabilities are around $100 billion but at the same time our only one asset of gas infrastructure is about $ 40 to $ 45 billion," Dar said, adding that there is no need to worry.

The finance minister asked the business community to put forward their reasonable demands with regards to the upcoming budget, assuring the government will cooperate with them.