Pakistan Economic Crisis: Stalled bailout package deal could not be done between Pakistan and IMF: Report

Posted on 10th Feb 2023 02:44 pm by rohit kumar

The International Monetary Fund (IMF) and Pakistan could not reach an agreement on a bailout package of more than one billion dollars on Thursday. The ongoing meeting between Pakistan Prime Minister Shehbaz Sharif and IMF representatives since January 31 ended on February 9.

 

However, in a statement released late on Thursday, Pakistan's Finance Secretary Hameed Sheikh said without disclosing details that an agreement has already been reached with the IMF on the necessary measures. He further said, "The talks with the IMF have been completed. The MEFP (Memorandum of Economic and Financial Policies) document has been handed over to Pakistan by the IMF."

 

Pakistan's inflation rate is skyrocketing

The country's state television channel quoted Finance Ministry officials as saying that some points still needed attention. At present, the economy of Pakistan is in serious trouble. At the same time, the inflation rate in the country is skyrocketing.

 

Explain that during the talks, both sides discussed all aspects of Pakistan's ailing economy. During this, the IMF put forward tough conditions for the package, which include increasing electricity and gas prices, increasing tax rates, and bridging the gap in the budget deficit.

 

Also Read: Pakistan: Pakistan is showing the arrogance of being a nuclear power to India by mistake of the economic plight

Other news

Salman Khan reached IFFI 2023 and suddenly kissed a woman amidst the crowd, The video of 'Tiger' went viral within minutes

Salman Khan's film Tiger 3 has been released on Diwali. The actor is constantly in the news regar

Weather Update Today: Snowfall in the mountains, and chill will increase in these states including Delhi; The Meteorological department gave an alert of rain here

Weather Update: The mercury has started falling due to snowfall in the hilly areas. Be it Kashmir

Covid-19: Vaccine will be made in India against another form of Corona, Bharat Biotech will work

The Indigenous vaccine will soon be available against another form of coronavirus. Recently, the

Himachal Weather Today: Cloud burst in Solan's Kandaghat, seven killed, many missing in Mandi, roads closed due to landslides

Amidst Orange Alert in Himachal Pradesh, heavy rains continue to wreak havoc. Two houses and a co

Will Virat's century drought end in Tests: Kohli's record against Australia weak in India, Lion the biggest threat

After being out of form for almost three years, Virat Kohli made a good comeback in the last mont

WTC: Bumrah created history, the first Indian fast bowler to take 100+ wickets in the World Test Championship, said this

India made a strong comeback in the five-match Test series against England and won the second mat

IPL 2024: 'Watch again and again, watch a thousand times...', video of Heinrich Klaasen stumping Shikhar Dhawan goes viral

Sunrisers Hyderabad wicketkeeper Heinrich Klaasen stumped Shikhar Dhawan off Bhuvneshwar Kumar in

King Of Kotha: Dulquer's 'King of Kotha' will be released in Hindi on OTT on this day, know when and where to watch the film.

Dulquer Salmaan starrer King of Kotha was released in theaters on August 24 this year. Dulquer wa

Vicky Kaushal immersed in 'love' on Katrina Kaif's birthday, shared cute pictures of vacation

Vicky Kaushal On Katrina Kaif Birthday: Vicky Kaushal shared cute pictures wishing wife Katrina K

Bharat Jodo Nyay Yatra: PM Modi did nothing to resolve Naga political issue - Rahul Gandhi

Congress leader Rahul Gandhi attacked Prime Minister Narendra Modi on Wednesday. Said- Despite ni