Govt hasn’t set a dollar rate with the IMF, says Hammad Azhar

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ISLAMABAD: The government has not set a dollar rate with the International Monetary Fund, said Minister of State for Revenue, Hammad Azhar, on Thursday.

The state minister was speaking during a ceremony when he said that Pakistan’s economy was heading towards stability.

“From 1971, our economy has been very slow,” he said. “For the first time since then, our foreign exchange reserves are growing,” he added.

Dispelling rumours and criticism, Hammad Azhar said that reports of the government setting a dollar rate with the IMF were false.

“The government has not set a dollar rate with the IMF,” he said.

He lashed out at former finance minister Ishaq Dar and said that  previous governments were determined to destroy the country through their policies and were now continuing their job through their statements.

“If Ishaq Dar is so clean and innocent, then I challenge him to come to Pakistan and face the courts,” he said. “Come back to Pakistan and face the courts. These are your courts, come to face them,” he added.

He said that the government would close the target at circular debt at Rs250 billion.

Hammad Azhar said that in 2017, 14,000 taxpayers were audited while in 2018, 45,000 were audited.

“Data of non-filers is being collected,” he said and added that “data which can be investigated is being collected to increase the tax net”.