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

PM Modi In Tamil Nadu: 'Many schemes in our name and scams in their name', PM Modi lashed out at the opposition in Tamil Nadu

Prime Minister Narendra Modi is on a tour of South India for preparations for the Lok Sabha elect

Trump will meet his friend, Modi, the meeting may take place in Washington next month; what issues will be discussed?

Diplomats from India and the US are trying to organize a meeting between Prime Minister Narendra

Earth's 5 scary changes: Lands are sinking, glaciers melt, somewhere heat and cold havoc, know what is happening?

There is a shocking report regarding climate change. This report has been prepared by the Cross D

Bigg Boss 18 Elimination: The winner is out! This contestant is out of the Bigg Boss house, even creating a scene did not work.

There is a lot of drama happening every day in Salman Khan's reality show Bigg Boss 18. To achiev

Mohammed Shami will get a gift for his excellent performance in the World Cup, a mini stadium and gym will be built in the fast bowler's village.

Indian team's fast bowler Mohammed Shami has performed brilliantly so far in the World Cup 2023.

Shah Rukh Khan: Guddu Dhanoa's big revelation, Shahrukh had refused Deewana, then agreed like this

Bollywood superstar Shahrukh Khan is in the news these days about his recently released film 'Jaw

Kangana Ranaut: Kangana got angry at those trolling Kamala Harris, and said- Americans are worse than Indians

Kangana Ranaut, who has made a special place in the hearts of people with her strong acting, has

Heatwave: Government alerted about heat wave after deaths in UP, convened meeting; Know why hot winds are dangerous

After several deaths due to heat waves in the Ballia district of Uttar Pradesh, the central gover

Heavy rain warning in Gujarat-Maharashtra, red alert in Kerala, how long will the humid heat torment Delhi? Know the update

Heavy rains continue to wreak havoc across the country due to monsoon. People are facing problems

Arvind Kejriwal Bail: Will CM Arvind Kejriwal get bail or not? Delhi High Court will give its decision today

The Delhi High Court will pronounce its verdict on Kejriwal's plea seeking a stay on the trial co

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