ISLAMABAD: Finance Minister Ishaq Dar has denied news reports suggesting that the finance minister instructed the AGPR’s office to halt salaries of various government departments.
“No such thing will happen,” Dar told The Pakistan Daily in an exclusive conversation shortly after news reports surfaced.
Earlier, Geo News had reported that amidst the economic crisis, the Finance Ministry had halted salaries of government departments, causing panic and alarm.
“Business is going on as usual,” Dar told this correspondent, denying The rumours.
Earlier, Ishaq Dar had announced a fresh package of $700 million from Pakistan’s “Iron Brother” China as Pakistan’s Foreign Reserves etched close to falling under the $3 billion mark.
Sources also revealed that the State Bank would increase the policy rate by 200 basis points, taking the total to 19% in Pakistan’s inflation struck economy.
Meanwhile, in a statmenet on Saturday, the finance ministry said: “There are rumours floating around that Government has instructed to stop payment of pay, pension, etc. This is completely false as no such instructions have been given by Finance Division, which is the concerned federal ministry.”
According to the finance division press release, the AGPR has confirmed that pay and pension have already been processed and will be paid on time. Further, other payments are being processed as per routine.