The Latest Breaking News from Ishaq Dar

Pakistan ‘strongly contests’ Moody’s ratings downgrade

Concerns are rising about Pakistan’s ability to pay for imports such as energy and food, and meet sovereign debt needs.

Al Jazeera · Oct 7, 2022

Pakistani PM says he should not have to beg for help after catastrophic floods

Shehbaz Sharif says he wants ‘climate justice’ from rich polluting countries after monsoons put a third of his country under water

The Guardian - UK · Oct 6, 2022

Bank to provide $2.5 billion to flood-ravaged Pakistan

Pakistan's Finance Ministry says the Asian Development Bank will provide $2.5 billion in aid to the impoverished flood-affected country, where climate-induced deluges of rain have killed nearly 1,700 people since-mid- June

The Independent UK · Oct 5, 2022

Pakistan finance minister known for propping up rupee in earlier stints

Ishaq Dar, Pakistan's new finance minister, has strongly favoured intervention in currency markets in three previous stints in the job, but faces a nation in economic crisis this time and the conditions of an International Monetary Fund (IMF) programme.

Reuters · Sep 28, 2022

New Pakistan finance minister vows to tame inflation and cut interest rates

Pakistan's new finance minister Ishaq Dar said on Wednesday he will work to rein in inflation while cutting interest rates, saying the rupee currency was undervalued and promising a strong response to the South Asian nation's worst economic crisis.

Reuters · Sep 28, 2022