The Chief of Army Staff, General Qamar Javed Bajwa, has requested assistance from Washington in achieving an early transfer of funds from the International Monetary Fund in order to help stabilize Pakistan's shrinking economy. Deputy Secretary of State Wendy Sherman, according to security sources, spoke with the army chief earlier this week. It is stated that the army chief made a plea to the White House and Treasury Department to get the IMF to immediately supply the almost $1.2 billion that the country is slated to receive under a reopened loan program. "Staff-level approval" for the loan was granted by the International Monetary Fund (IMF) on July 13. IMF Executive Board clearance is required before the transaction can be completed as part of Pakistan's $6 billion Extended Fund Facility. The International Monetary Fund (IMF) will be on vacation for the next three weeks, and its board will not meet until late August at the earliest. According to an IMF official wh...
The federal coalition government saved Pakistan from bankruptcy.
Miftah Ismail, Federal Minister for Finance and Revenue, stated on Saturday that the current coalition government has saved Pakistan from bankruptcy.
In a press conference, Finance Minister said that the irresponsible policies of the previous four years had destroyed the economy, but that the country is now on the path to economic stability.
Miftah Ismail, criticising Imran Khan's government, stated that the PTI borrowed 20,000 billion but did not add a single megawatt of electricity to the national grid or build even a hospital.
The minister requested that PTI demonstrate what Imran Khan did as Prime Minister for future generations.
Comments
Post a Comment