Pak PM Shehbaz Sharif's big statement, said- "There is no other option but to implement the IMF deal"


Posted on 29th Dec 2022 11:29 am by rohit kumar

Pakistan has been grappling with economic problems for a long time. Many efforts are being made continuously in Pakistan to improve this economic situation. Pakistan Prime Minister Shehbaz Sharif has said that his government has no option but to implement the International Monetary Fund (IMF) program to revive the cash-strapped economy.

 

The official Associated Press of Pakistan carried a report on Tuesday which quoted the PM as saying that Shahbaz Sharif regretted during a meeting that if the government wanted to give any subsidy in any sector, it would have to go to the IMF. He said that the coalition government never wanted to put the burden of price hikes on the people. The country had to implement the IMF program as it had no other option. During this, the Prime Minister targeted Imran Khan and said that the PTI government led by him had openly violated the agreement with the IMF.

 

Did you know?Explore Trending and Topic pages for more stories like this.

Funding was stopped by IMF for non-fulfillment of conditions

Pakistan, which is facing a financial crisis, resumed the IMF program of US $ 6 billion this year. This was agreed upon in early 2019, but the Washington-based global lender's tough terms are proving difficult to meet. The report states that the IMF may not release more funds to Pakistan under the program until the promises made by the government are met.

 

The solution did not come out in the conversation of 18 November

On 18 November there was a formal dialogue between Pakistan and the IMF. But the schedule for formal talks on the overdue ninth review could not be finalized. The IMF board approved the seventh and eighth reviews of Pakistan's bailout program in August. During that time, permission was given to release funds of more than US$ 1.1 million.

 

Also Read: Pakistan: A conspiracy was hatched to kill Imran Khan, the truth came out in the report of the Joint Investigation Team

1 Like 0 Dislike
Previous news Next news
Other news

Twinkle Khanna broke her silence after being called Rishi Kapoor's illegitimate daughter, saying, "I am Alia Bhatt's sister-in-law..."

Twinkle Khanna is currently in the news for her talk show. Her camaraderie with Kajol is entertai

Akshaye Khanna's Birthday: Akshaye Khanna stayed away from films for years—how did he make such a massive splash in his second innings?

Bollywood’s acclaimed actor, Akshaye Khanna, is celebrating his 50th birthday today. He is

Who is behind the Rameshwaram cafe blast? Now NIA will investigate; the Suspect wearing a cap, mask, and glasses will be known soon

The investigation into the explosion at Rameshwaram Cafe in Bengaluru has been handed over to the

IPL 2024: From Chawla to Dhawan, these 15 cricketers who played in 2008 IPL will be seen playing this year also, see list

In IPL-2024, a unique recipe of entertainment is going to be prepared with the spice of youth ent

IND vs SA: Why did Sai Sudarshan and Dhruv Jurel bat with one pad before the Guwahati Test? The big reason has been revealed.

The second and final Test between Team India and South Africa will begin in Guwahati on Saturday.

HanuMan: Union Home Minister Amit Shah met the team of 'Hanuman', posted and praised Prashant Verma-Teja Sajja

The film 'Hanuman' starring Teja Sajja, and directed by Prashant Verma, was a success at the dome

IPL 2025: Shreyas praised the bowlers for Punjab's victory, and Rajat held them responsible for RCB's defeat

Crediting the bowlers for the five-wicket win in the rain-affected 14-over match against Royal Ch

Explosion outside Afghan Foreign Ministry: China-Taliban meeting was going on inside, 20 people died – Taliban leader silent

There was a blast on Wednesday outside the Ministry of Foreign Affairs in Kabul, the capital of A

Govinda Health Update: When will Govinda be discharged from the hospital? Their wife Sunita told about the actor's health.

Fans and well-wishers of actor Govinda are worried about his health. On Tuesday morning, the acto

Jharkhand: Three policemen suspended for the lapse in security of PM Modi, woman suddenly came in front of the convoy

Three policemen have been suspended in a major lapse in the security of Prime Minister Narendra M

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash