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

Announcement of construction of Ram temple in Karnataka budget, a gift to farmers; Siddaramaiah reached the House with flowers in his ear

Karnataka CM Basavaraj Bommai presented the budget for the financial year 2023-24 in the House. H

52-year-old Mahima Chaudhry marries Sanjay Mishra for the second time? The 'Pardes Girl' is seen dressed in bridal attire.

Mahima Chaudhary, who has distanced herself from the film world, is currently all over social med

Sony launches new wireless headphones in India, listen to music non-stop for 50 hours

Sony India has launched the WH-CH520 headphone. It is specially designed for long-term use. 60 ho

Nz vs Aus 1st Test: Cameron Green became the messiah for Australia, and created a stir by scoring a stormy century

The first Test of the two-match Test series between New Zealand vs Australia (NZ vs AUS) is being

Haryana Election Result: 'Rahul Gandhi is a curse', what else did Acharya Pramod Krishnam say on Congress' defeat

Former Congress leader Acharya Pramod Krishnam has termed the victory of BJP in the Haryana assem

War 2 Trailer: Hrithik Roshan's film shows a lot of action, audience's excitement is at its peak

Ever since the announcement of Hrithik Roshan, Jr NTR, and Kiara Advani's action thriller film 'W

OBC Reservation: CM Yogi said - Body elections will be held only after reservation, and will go to Supreme Court if needed

Chief Minister Yogi Adityanath has stated the decision of the Allahabad High Court's Lucknow benc

Lok Sabha Polls: LJP-Ram Vilas Parliamentary Party meeting, five party MPs elected Chirag Paswan as leader

Lok Janshakti Party chief and newly elected MP from Hajipur Lok Sabha constituency Chirag Paswan

SLBC Tunnel Collapse: Rescue operation 40 meters away from workers on the fourth day of the tunnel accident, GSI-NGRI experts called

The chances of survival of eight workers trapped there after a part of the tunnel of the Srisaila

FIFA Women's World Cup: Firing near Norway team hotel before opening match in New Zealand, two killed

The Women's Football World Cup is being hosted by Australia and New Zealand. Before the opening 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