ISLAMABAD: Pakistan’s Finance Minister Senator Ishaq Dar on Wednesday said that the $1.5 billion grant which was given to Pakistan by “a friendly country” is actually a gift and does not have to be repaid.
In a statement on the floor of the National Assembly, Dar said the amount was given to Pakistan as a gift and there are no demands attached to the assistance.
The monetary assistance contributed to a sharp recovery of the Pakistani rupee, which rose to a nine-month high of 97.40 from 105.40 against the dollar between March 4 and 12, its strongest surge in 30 years.
The finance minister added that Pakistan will never send its troops to any country against the national interests. He said the amount was transferred in Pakistan Development Fund and would be utilised for the development projects.
The finance minister said there will be no increase in the pension and salary of state employees.