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.

 

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

Operation Kaveri: Indians who returned from Sudan said - the fighting is still going on there, returning home is like a miracle

Sudan's violent struggle for power between armed forces has reached a critical juncture. A 72-hou

Bilawal Bhutto: 'His statement, his wish...': Read what Bilawal said after returning to Pakistan after being surrounded on terrorism in India

Bilawal Bhutto Zardari, who was on a two-day visit to India to participate in the Shanghai Cooper

IND vs NZ: 20 years of wait ends in Dharamshala, will India create history in Wankhede? Know what is the record

India (IND), so far unbeaten in the World Cup 2023, will face New Zealand (NZ) on Wednesday. A to

Sushant Singh Rajput: CBI got important evidence in Sushant's case! Big disclosure of Deputy CM Devendra Fadnavis

Sushant Singh Rajput had a huge fan following in Bollywood. On June 14, 2020, Sushant's body was

Coronavirus in India: The speed of corona is not stopping in the country, 100 percent of patients increased in four days

The speed of Corona in the country seems to be uncontrollable. There has been a 100 percent incre

Israel: 'We will not let the world forget the atrocities committed against our country, Israel's permanent representative to the UN

The conflict between the two continues after the terrorist organization Hamas's sudden attack on

Vande Bharat Fire: Bhopal-Delhi Vande Bharat train caught fire, incident happened near Vidisha, all passengers safe

A major accident was averted on Monday in Vidisha, Madhya Pradesh. A sudden fire broke out in the

Dengue Cases: Dengue cases are increasing rapidly in the country, Union Health Minister gave instructions to curb them; said this

Given the increasing cases of dengue in the country, Union Health Minister Mansukh Mandaviya has

Diwali Bonus: Good news for central employees before Diwali, the government announced bonuses, these are the conditions

The PM Narendra Modi-led central government has approved bonuses ahead of Diwali for Group C and

Asian Games: Shooters opened India's account even on the seventh day, achieved the silver target in 10-meter air pistol

Sarabjot Singh and Divya Thadigol won the Silver medal in the 10m Air pistol mixed team event: On

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