No Result
View All Result
Tuesday, July 1, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

Dar pledges to raise foreign reserves to $15 bn

MM News Staff by MM News Staff
July 31, 2023

ISLAMABAD: Minister for Finance and Revenue Senator Ishaq Dar pledged to increase the country’s foreign exchange reserves from $14 billion to $15 billion in the next seven weeks.

Speaking on a Point of Order in the Senate, Dar mentioned that the past eleven months have been challenging due to predictions from rating agencies about Pakistan’s potential default.

Dar said the country faced pressure to pay a significant sum of $3 billion. He said China has extended the loan duration of $2.4 billion for two years after Pakistan met all technicalities.

The finance minister said this month, Pakistan facing financial constraints, received a total of $4.2 billion, which comprised $2 billion from Saudi Arabia, $1 billion from the United Arab Emirates (UAE), and $1.2 billion from the International Monetary Fund (IMF).

The IMF approved $3 billion for Pakistan as part of a Standby Arrangement (SBA), he said.  Dar revealed that Pakistan received $300 million from the Industrial and Commercial Bank of China (ICBC) to strengthen the country’s foreign exchange reserves.

The minister said he has been consistently saying that Pakistan would not default and fulfill all sovereign commitments. He said the government managed to achieve its goals with generous support from friendly countries like Saudi Arabia, Qatar and China.

He expressed the resolve to further increase the foreign exchange reserves of the country to $15 billion in next six to seven weeks.

He said the irresponsible statement of former Aviation Minister Ghulam Sarwar caused a loss of Rs70 billion to Pakistan International Airlines (PIA).

Referring to the passage of ‘The Pakistan Airports Authority Bill, 2023’ from the Senate, he said the legislation will pave the way for the resumption of the flag carrier’s journey to Europe.

He said a final inspection will be done by next month for the revival of PIA’s flights which will also restore revenue worth billions of rupees.

He emphasized that the timely legislation will result in the finalization of PIA’s flight operation to the United Kingdom by October this year.

The finance minister criticized the PTI government, expressing concern about Pakistan’s economy, which dropped from the 24th to the 47th ranking.

He stressed the importance of joint efforts to regain the lost position. Additionally, he proposed creating a charter of the economy involving all political parties to promote economic growth.

Tags: finance ministerforeign reservesIshaq Dar
ShareTweetSendShare
Previous Post

Denmark seeks ‘legal means’ to prevent Quran burnings

Next Post

Prince William serves burgers from food truck to surprised diners

Related Stories

Regulatory Duties
Business & Stock

Govt u-turn on tariff reforms: Regulatory duties retained on 300+ items

July 1, 2025
Foreign Currency Rates
Business & Stock

Foreign currency exchange rates in Pakistan, 1 July 2025

July 1, 2025
Gold Prices
Business & Stock

Gold prices surge in Pakistan, following global uptrend

July 1, 2025
Business & Stock

Finance Bill 2025-26 to come into effect from 12am

June 30, 2025
(File)
Business & Stock

Gold price increases Rs800 per tola

June 30, 2025
(File Photo)
Business & Stock

PSX crosses 125,000 points amid economic optimism

June 30, 2025
Business & Stock

Saudi Riyal to PKR rate today – June 30, 2025

June 30, 2025
Forex rates in Pakistan today
Business & Stock

Forex rates in Pakistan on Monday – June 30, 2025

June 30, 2025
Business & Stock

Pakistan secures $3.4 billion loan extension from China

June 30, 2025
file photo
Business & Stock

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Next Post

Prince William serves burgers from food truck to surprised diners

Leave a Reply Cancel reply

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

Trending Stories

Regulatory Duties
Business & Stock

Govt u-turn on tariff reforms: Regulatory duties retained on 300+ items

by MM News Staff
July 1, 2025
Foreign Currency Rates
Business & Stock

Foreign currency exchange rates in Pakistan, 1 July 2025

by MM News Staff
July 1, 2025
Gold Prices
Business & Stock

Gold prices surge in Pakistan, following global uptrend

by MM News Staff
July 1, 2025
Attack on Gaza
Top News

Israel attacks Gaza again: 95 Palestinians martyred, death toll exceeds 56,000

by MM News Staff
July 1, 2025
File photo
Film & TV

Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

by MM News Staff
June 30, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

(File Photo)
Top News

Weather forecast for Karachi today

by MM News Staff
June 30, 2025

The Pakistan Meteorological Department (PMD) has predicted partly cloudy and humid weather for Karachi...

Rain

Monsoon showers hit Karachi, more rain expected in coming hours

June 28, 2025
file photo

Showers continue across Karachi, bringing relief from the heat

June 27, 2025
file photo

Will Karachi receive more rain today?

June 27, 2025
See all

Prices

Foreign Currency Rates
Business & Stock

Foreign currency exchange rates in Pakistan, 1 July 2025

by MM News Staff
July 1, 2025

Foreign exchange rates significantly influence both global and local economic landscapes. They affect everything...

Gold Prices

Gold prices surge in Pakistan, following global uptrend

July 1, 2025
Online/File photo

Govt end electricity duty from power bills

June 30, 2025
LGP prices have been slashed ahead of Ramadan. File photo

LPG prices slashed by Rs7.51 per kilogram for July 2025

June 30, 2025
See all

Transport News

(APP)
Transport

Rs150 billion approved to make Rawalpindi a ‘signal-free’ city

by MM News Staff
June 29, 2025

The Punjab government has approved a record-breaking development package worth Rs.150.0 billion for Rawalpindi...

file photo

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Maryam Nawaz

Maryam Nawaz orders 240 electric buses for South Punjab districts

June 28, 2025

Two planes avoid major accidents following bird strikes at Karachi airport

June 27, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.