Along with the ongoing political crisis in Pakistan, the economic situation has not improved so far. The deadlock between the International Monetary Fund (IMF) and Finance Minister Ishaq Dar on the 9th review talks still persists.“Economic difficulties of Pakistan | Fear of more increase | New Survey”
Which may further delay the loan tranche to Pakistan. While the IMF and Pakistan There is also a possibility that there will be further negotiations between them in January.
Economic difficulties of Pakistan | Fear of more increase | New Survey
Sources in the Ministry of Finance say that Pakistan has been given 3 weeks time by the IMF to implement the demands. Apart from market-based exchange rate.
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The IMF has also demanded a reduction in revolving credit in the power and gas sector. While Finance Minister Ishaq Dar has requested flexibility in the demands made by the IMF.
According to the sources, Pakistan’s foreign exchange reserves are very low. So the current government will have to accept the demands of the IMF and there is a fear of further increase in the economic problems of Pakistan due to the delay in the IMF program.
According to the sources, due to heavy rains and floods in Pakistan. There are still differences on the statistics of Pakistan’s economy.
On the other hand, the IMF has asked the government for a plan to meet the shortfall of 300 billion rupees on petroleum levy.
It is being fear that this target of levy will not be achieve.
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