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Finance Minister Ishaq Dar has maintained that US $2 billion on account of Eurobond have been credited to State Bank of Pakistan (SBP) on April 16, 2014. He insisted that bonds were sold at a 'favourable' cost. The Finance Minister was speaking at a news conference on his return to the country after attending a spring meeting of the International Monetary Fund (IMF)/the World Bank, successful launch of Eurobond and meetings with the US on Strategic Dialogue.

Finance Minister Ishaq Dar said on Wednesday that the government had decided to publish a tax directory of Parliamentarians following criticism by the US and the UK. Replying to a question during a media briefing here on Wednesday, the Finance Minister said that the present government had decided to be on high moral ground in response to the statements by the US Secretary of State and some members of the UK Parliament during the tenure of the previous government that Pakistan must tax its elites if it wanted to continue receiving foreign assistance.
Pakistan is likely to disregard PPRA rules to ensure $35 billion Chinese investment in energy sector projects within the next five years, well informed sources told Business Recorder. The source claimed this assurance has been given to Vice Administer of National Energy Administration (NEA) of China Zhang Yuning at a recent meeting of the first Energy Planning Working Group of China-Pakistan Economic Corridor held on April 15, 2014 in Islamabad.
Minister for Water and Power, Khawaja Asif said on Wednesday that ghost of circular debt is still haunting despite making heavy payment by the government. Some power plants were still lying idle for fear of circular debt. Talking to the mediapersons after the signing ceremony of 50MW wind energy projects, Minister for Water & Power, Khawaja Asif said the tug of war between federal government and power thieves was going on and power plants were lying idle due to fear of increase in the circular debt.
The Senate was informed on Wednesday that appreciation of the PKR against the US dollar helped reduce the debt obtained from the International Monetary Fund (IMF) to Rs 44.39 billion. Replying to a supplementary question on behalf of federal minister for finance Ishaq Dar, during question-hour in Senate, state minister for finance Baleeghur Rehman said the appreciation of the rupee helped reduce the IMF loans to Rs 44.39 billion.
The Supreme Court on Wednesday directed the federal government that the process of 3G/4G spectrum auction should be carried out without any interruption. A three-member bench headed by Justice Jawwad S. Khawaja resumed the hearing of a petition filed by Khurram Shehzad Chughtai, an IT expert, who had sought a court order for the government to complete the process of auctioning 3G spectrum licences on an urgent basis.
Prime Minister Nawaz Sharif and former President Asif Ali Zardari Wednesday discussed several issues facing the country including the ongoing tension between the government and military, Taliban talks, Protection of Pakistan Bill, 2013, national security and political situation in the country, it is learnt. According to sources, first both the leaders held a delegation-level talks.
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