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

Russia changed the commander to win the war: Putin handed over the command to the highest officer of the army, Sergei Surovikin was removed in 3 months.

Russia continues to suffer losses in the Ukraine war. Ukraine is rapidly getting Russia back its

Pushpa 2 Teaser: Allu Arjun's announcement regarding 'Pushpa 2', makers made this big disclosure by releasing the video

Allu Arjun Pushpa 2 Teaser: Actor Allu Arjun is in a lot of discussions these days about his upco

Moharram: Historic day for Jammu and Kashmir, Muharram procession was taken out for the first time in 34 years; Why was there a ban till now?

Yesterday was a historic day in Jammu and Kashmir. After three decades of the ban, a Muharram pro

NZ vs SA: Thorns collision between New Zealand-South African batsmen, Pakistan will want to defeat Kiwis

If the strong contestants of the entry into the semi-finals, New Zealand and South Africa World C

US: India is playing an 'important role' globally, officials gave statement before PM Modi's US visit

America is ready to welcome Indian Prime Minister Narendra Modi. Meanwhile, President Joe Biden's

Bhool Bhulaiyaa 4: Will Khiladi Kumar return in 'Bhool Bhulaiyaa 4'? Anees Bazmee breaks his silence.

So far, three films of the Bhool Bhulaiyaa franchise have been released. Akshay Kumar appeared in

IND vs SL: Sri Lanka team announced for T20I series against India, new captain selected; Senior player dropped

The Sri Lankan team has been announced for the three-match T20I series against India (Ind vs Sl T

Virat-Anushka performed Bhasma Aarti in Mahakal temple: Kohli was seen wearing Rudraksha garland and dhoti-sola, and Anushka was seen in a saree

Virat Kohli and Anushka Sharma reached the Mahakal temple on Saturday morning. Here both of them

UP Board: The wait is over, the results of 42080 students of Noida and 52934 of Ghaziabad will be released today

UP Board 10th, 12th Result 2023: 42,080 students of the district have given the board exam. This

Noida Police take major action in the engineer Yuvraj's death case, and two more builders are arrested.

In the case of the death of software engineer Yuvraj due to drowning in Sector-150 of Noida, Grea

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