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IMF objections; We should be allowed something of our own accord, Finance Minister

Finance Minister Ishaq Dar has said that we should spend our external expenses within our cloak. Ishaq Dar speaking in the meeting of the Senate Standing Committee on Finance said that there is a lot of potential in the IT sector, that is why the budget has focused on IT, agriculture, SME sector and youth sector. 

Ishaq Dar said that there will be no growth until these sectors are given facilities, these four sectors are the drivers of growth, that is why these sectors have been focused in this budget. 

Ishaq Dar said that it is printed in the newspapers today that the IMF has objected to the exemption given in the budget.

Being a sovereign country should be allowed to do so much, we are moving very slowly as a country. The finance minister said that a one-page tax return was introduced for freelancers, besides free Lancer has been given many facilities. 

Ishaq Dar further said that the package for IT sector will be put forward if there is more scope, ready to review some more proposals for freelancers. 

The Minister of Finance said that we should do the external expenses by staying within our cloak. Liquidity crunch is our problem and they are trying to solve it, now MDIMF has stated a couple of weeks ago that Pakistan is not defaulting. 

Ishaq Dar said that we have to stop currency smuggling by all means, we have to crack down on it, customs alone cannot stop this smuggling, all the agencies have to work together to stop it. 

He said that the ban imposed on Russia, only China and India were taking oil from it, when the world When I went to the bank meeting, I spoke to the representatives of the American State Department that if China and India can take it, why can’t Pakistan take oil from Russia? It has to be taken at less than the recommended price, the State Department says, indeed take a cent cheaper than the committee’s proposal, but if it is taken at a higher price, sanctions will be imposed. 

Ishaq Dar said that now the first cargo has arrived from Russia, the payment is to be made in Chinese currency, the payment of Russian oil is not an issue, the oil ordered from Russia is much less than the Singapore rate. 

The finance minister further said that I invited the IMF for the ninth economic review with the IMF, but they did not come to Pakistan for three months.

With or without IMF, nothing will happen to Pakistan. At that time, I spoke to the representatives of the American State Department that if China and India can take it, why can’t Pakistan take oil from Russia?

But it has to be taken, the State Department says that it is certainly one cent cheaper than the committee’s proposal, but if it is taken at a higher price, sanctions will be imposed. Ishaq Dar said that now the first cargo has arrived from Russia, the payment is to be made in Chinese currency, the payment of Russian oil is not an issue, the oil ordered from Russia is much less than the Singapore rate. 

The finance minister further said that I invited the IMF for the ninth economic review with the IMF, but they did not come to Pakistan for three months. With or without IMF, nothing will happen to Pakistan. At that time, I spoke to the representatives of the American State Department that if China and India can take it, why can’t Pakistan take oil from Russia? But it has to be taken, the State Department says that it is certainly one cent cheaper than the committee’s proposal, but if it is taken at a higher price, sanctions will be imposed. 

Ishaq Dar said that now the first cargo has arrived from Russia, the payment is to be made in Chinese currency, the payment of Russian oil is not an issue, the oil ordered from Russia is much less than the Singapore rate. The finance minister further said that I invited the IMF for the ninth economic review with the IMF, but they did not come to Pakistan for three months. With or without IMF, nothing will happen to Pakistan. 

Talked to the representatives that if China and India can take it, why can’t Pakistan take oil from Russia, the representatives of the State Department said that we are forming G-Seven Committee, it has to be taken at a lower price than the recommended price of this committee. It is said that the proposal of the committee will certainly be taken one cent cheaper, but if it is taken at a higher price than that, restrictions will be imposed.

 Ishaq Dar said that now the first cargo has arrived from Russia, the payment is to be made in Chinese currency, the payment of Russian oil is not an issue, the oil ordered from Russia is much less than the Singapore rate. The finance minister further said that I invited the IMF for the ninth economic review with the IMF, but they did not come to Pakistan for three months. With or without IMF, nothing will happen to Pakistan. Talked to the representatives that if China and India can take it, why can’t Pakistan take oil from Russia, the representatives of the State Department said that we are forming G-Seven Committee, it has to be taken at a lower price than the recommended price of this committee. It is said that the proposal of the committee will certainly be taken one cent cheaper, but if it is taken at a higher price than that, restrictions will be imposed. Ishaq Dar said that now the first cargo has arrived from Russia, the payment is to be made in Chinese currency, the payment of Russian oil is not an issue, the oil ordered from Russia is much less than the Singapore rate. The finance minister further said that I invited the IMF for the ninth economic review with the IMF, but they did not come to Pakistan for three months. With or without IMF, nothing will happen to Pakistan. The representatives of the State Department said that we are forming the G-Seven Committee and it should be taken at a lower price than the committee’s recommendation.

If taken, restrictions will be imposed. Ishaq Dar said that now the first cargo has arrived from Russia, the payment is to be made in Chinese currency, the payment of Russian oil is not an issue, the oil ordered from Russia is much less than the Singapore rate. The finance minister further said that I invited the IMF for the ninth economic review with the IMF, but they did not come to Pakistan for three months. With or without IMF, nothing will happen to Pakistan. 

The representatives of the State Department said that we are forming the G-Seven Committee and it should be taken at a lower price than the committee’s recommendation. If taken, restrictions will be imposed. Ishaq Dar said that now the first cargo has arrived from Russia, the payment is to be made in Chinese currency, the payment of Russian oil is not an issue, the oil ordered from Russia is much less than the Singapore rate. 

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