The International Monetary Fund (IMF) has given a big statement amid fears of Pakistan's bankruptcy. He said that if Pakistan wanted to function as a country, it would have to ensure that high earners pay taxes and only the poor get subsidies.
The IMF advised that Pakistan, which is facing a financial crisis, will have to take steps to ensure that. On February 17, IMF chief Kristalina Georgieva gave an interview to German state media Deutsche Welle on the sidelines of the Munich Security Conference. During this, he said that Pakistan needed to take tough measures to avoid going into a "dangerous situation" where its debt would need to be restructured.
There is no need to restructure the loan
According to the Dawn newspaper, he said that the IMF was very clear that it wanted to protect the poor people of Pakistan. He said that it should not be the case that the rich get the benefit of the subsidy. The poor should get its benefit.
We are demanding steps to be taken so that Pakistan remains able to function as a country. He should not reach such a dangerous place where his debt needs to be restructured. He said that Pakistan was devastated by the flash floods last year. One-third of its population was affected by this.
IMF wants Pakistan to do these two things
We are emphasizing two things. First, tax revenue. People who can pay taxes, and who are making good money in the public or private sector, need to contribute to the economy. Secondly, the subsidy should be given only to those who need it. It should not happen that the rich continue to benefit from the subsidy.
The IMF chief's statement came days after the ninth review of the $6.5 billion bailout package was completed without a staff-level agreement after 10 days of talks by the two sides. However, the two sides have agreed on a set of measures that could still help in achieving the deal.
Pakistan can import only for 3 weeks
Pakistan is still in dire need of money as it is facing a severe economic crisis. It has received financial assistance from the IMF in the past and is currently in discussions with the organization to restart its loan program. Meanwhile, foreign exchange reserves with the State Bank of Pakistan have dropped to around US$3 billion. This amount is hardly enough for imports for three weeks.
AFG vs IRE: This debutant created havoc along with Mohammad Nabi, and won the series by defeating Paul Sterling's team badly.
The last and third match of the three-match ODI series between Afghanistan and Ireland (AFG vs IRE) was played in UAE on 12 March. In this match, Afghanistan defeated Ireland by 117 runs and won the
Kashi is ours, we are from Kashi… PM Modi said in Varanasi- Banaras is not only ancient but also progressive
Prime Minister Narendra Modi on Friday laid the foundation stone and inaugurated several important projects in Varanasi. During this, while addressing the people of Kashi, he said, "Our greetings to
IND vs SA Final: Dravid told whom he wants to win the World Cup, this will be his last match as coach
The Indian team will play a match for the last time under the leadership of head coach Rahul Dravid. India will face South Africa in the final of the T20 World Cup. When the Indian team takes the
Weather Update: Snow on the mountains, mercury dropped due to rain in the plains, red alert regarding cyclone 'Michong' in South India
Weather Update Today: India Meteorological Department has issued a warning of heavy rain for 10 districts of Tamil Nadu. A red alert has been issued for these 10 districts.
New rules of Railways, it is mandatory to display food prices and menus in trains, Railway Minister gave information in Lok Sabha.
Railway Minister Ashwini Vaishnaw told the Lok Sabha on Wednesday that it is mandatory to display the menu and price list of food items served to passengers in trains. In a written reply, he said that
Surya Tilak: Sun God applied Tilak on Ram's forehead, and the world watched with curiosity the consecration that took place for five minutes.
Surya Abhishek of Ramlala took place at 12.01 pm. The sun's rays fell on Ramlala's face. About 75 mm tilak was made on Ram's face. The world kept watching with devotion the wonderful confluence of
'Congress has the right to protest, but not to loot land and money'; BJP's big attack on Congress.
BJP MP Ravi Shankar Prasad addressed a press conference on Congress' announcement of protests outside ED offices across the country in the National Herald case.
Rahul Gandhi: Rahul's reaction on changing the name of NMML to PM Museum, said- Nehru ji's identity…
On Monday i.e. August 14, the opposition is continuously targeting the government for changing the name of the Nehru Memorial Museum and Library (NMML) to Prime Minister's Museum and Library (PMML).
Delhi Election 2025: Many nominations in Delhi today, BJP's Pravesh Verma and AAP's Kejriwal, and these leaders will file their nominations
In the heated atmosphere for the Delhi Assembly elections (Delhi Election 2025), there will be a rush to file nominations today on Wednesday. Among the big leaders, Aam Aadmi Party convenor and former
Asur 3: 'It is important to bring the next season for the audience', Arshad Warsi gave a big update about Asur 3
Bollywood actor Arshad Warsi is in discussion these days for his recently released web series 'Asur 2' more than his films. After the success of Asur, the audience was eagerly waiting for 'Asur',
