Islamabad September 21 2022: Dr Aisha Ghaus Pasha said we are all going through difficult time and expect potential inflows from different financial institution and friendly countries which includes $1.5 billion from Asian Development bank (ADB) and $500 million from Asian Infrastructure Investment Bank (AIIB).
She disclosed this while giving answer with respect to the devaluation of Pak rupee asked by Senator Shaukat Tarin for the number of inflows of US dollars during the meeting of senate committee on Finance and Revenue.
She said that Saudi Arabia had already rolled over $3million loan and negotiation was in process with Qatar and United Arab Emirates (UAE).
She highlighted that the destruction came due to recent floods, which was a natural disaster. This is the responsibility of the national community to help us come out of crisis. United Nation, Asian Development Bank and World Bank are working jointly to determine the damages needs assessment, she added.
She said that Pakistan was a resilient country but we should not give up, adding that the government had plans, strategy to cope with the current situation. She said there was no need to worry about the current situation as the difficult time would pass soon and the country would come out of crisis.
While talking on the opening of Letter of Credit (LC), the SPB official said that the legal process is under process of overcharging of dollars. He said that the Bank has not received a single complain of delay payment in LC or stop payment. He said that 8000 request of LCs had been approved.
The Committee met under the chairmanship of Saleem Mandviwalla to discuss various issues pertaining to the Ministry and its attached departments.
Among others, the meeting was also attended by Senators, Mohsin Aziz, Shaukat Fayaz Ahmed Train, Ms Saadia Abbasi, Faisal Saleem Rehman, Shibli Faraz, kamil ali Agha, Dilawar khan, Afnan Ullah Khan and Chairman FBR, Secretary Finance, SBP , Presidents of National Bank of Pakistan (NBP), United Bank Limited, Habib Bank Limited, Meezan bank, Habib Metropolitan, Standard Charter Bank and Allied Bank.
