Islamabad, 17 May 2023, (GNP): Pakistan’s State Minister for Finance and Revenue Dr Aisha Ghaus Pasha categorically denied media reports on Wednesday and said that Pakistan is not backtracking from the IMF programme. She added that the bailout programme is much-awaited.
Speaking to press, Dr, Aisha said, “We are in touch with the IMF and talks are ongoing between the Federal Board of Revenue (FBR) and Finance Division.”
“We want to continue the programme with IMF as the coalition government has paid a political price while making efforts to meet the conditions laid forth by the Fund,” she added.
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Pakistan likely to scrap IMF programme and turn to China as deadlock persists with IMF
According to media reports earlier, Pakistan is likely to turn China to avoid threat of full fledged eruption of Balance of Payment (BoP) crisis.
Moreover, sources also reported to media that the IMF has adopted a “wait and see” policy as the country continues to suffer from severe political and economic crises.
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The reported statement said, “Either the IMF programme will have to be revived through the completion of the ninth review or the programme will be scrapped. We will share no more data with the IMF without completion of the ninth review”.