Pakistan faces severe pressure from the IMF in the budget I
News Updates Others

Pakistan faces severe pressure from the IMF in the budget

ISLAMABAD: Pakistan is feeling the squeeze from the International Monetary Fund (IMF) to set intense focuses in the following financial plan.

Sources said that the IMF needs Rs 5100 billion in charge assortments for the following monetary year and the advance program won’t be continued if the spending targets are not set according to the IMF expressions.

Sources said that the IMF requested that the spending deficiency be fixed at zero point four percent of GDP while Rs 2700 billion be assigned for intrigue and obligation reimbursement.

As indicated by sources, new expenses of Rs 800 billion should be exacted to accomplish the objective of Rs 5,100 billion in line with the IMF.

Sources said that the Finance Ministry has avoided taking any choice with respect to the IMF spending targets and as opposed to assuming liability itself, the Finance Ministry needs all the objectives to be set by the Prime Minister.

Leave a Reply

Your email address will not be published. Required fields are marked *