City
Epaper

Pakistan slams IMF for 'intervening' in country's internal matters

By ANI | Updated: May 31, 2023 20:10 IST

Islamabad [Pakistan], May 31 : Pakistan's State Minister for Finance and Revenue Aisha Ghaus Pasha on Wednesday slammed the ...

Open in App

Islamabad [Pakistan], May 31 : Pakistan's State Minister for Finance and Revenue Aisha Ghaus Pasha on Wednesday slammed the International Monetary Fund (IMF) for "intervening" in Pakistan's internal matters, Geo News reported.

Geo News is a Pakistani news channel.

The state minister said: "Pakistan's conduct is in line with the law", terming IMF Mission Chief for Pakistan Nathan Porter's statement regarding the political situation in Pakistan "extraordinary".

While the IMF does not comment on domestic politics, Porter had said that the Fund hopes "a peaceful way forward is found in line with the Constitution and the rule of law."

The State Minister while hoping that both sides will reach a staff-level agreement before the announcement of the federal budget, expected to be unveiled on June 9, for the fiscal year 2023-24, said that the delay is neither good for Pakistan nor the Fund.

Pasha confirmed reports that Prime Minister Shehbaz Sharif contacted IMF Managing Director Kristalina Georgieva, adding that the premier assured the fund's chief that Pakistan will meet all its obligations.

Prime Minister Shehbaz Sharif on Saturday contacted Georgieva, requesting her to help Pakistan revive the stalled USD 6.5 billion facility.

PM Shehbaz, according to the sources, requested her to intervene in order to complete the pending ninth review, which would unlock USD 1.1 billion in financing for the cash-strapped nation.

The coalition government has been negotiating with the Washington-based lender to revive its bailout programme since November, with the financing gap among the biggest roadblocks. There's about USD 2.7 billion left to disburse from the USD 6.5 billion programme that's scheduled to expire next month, according to Geo News.

The minister, in response to a question regarding Pakistan's plan of action in case it fails to convince the fund before the expiry of the programme, on June 30, said: "The Ministry of Finance is not sitting with its eyes closed, there is always a Plan B but our priority is to revive the IMF programme."

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Ministry Of FinanceShehbaz SharifpakistanislamabadInternational Monetary FundPakistan Cricket BoardPakistani ArmyChina Pakistan Economic CorridorPakistan ArmyPakistan Super LeaguePakistan Occupied KashmirPakistan Military
Open in App

Related Stories

NationalOperation Mahadev: 3 Pakistani Terrorists Linked to Pahalgam Attack Killed in Srinagar

InternationalIran Terrorist Attack Video: At Least 8 Killed, 13 Injured in Zahedan Firing; Pakistani Group Claims Responsibility

EntertainmentPakistani Actress Humaira Asghar Dies At 32, Decomposed Body Found in Karachi Home by Local Police

MaharashtraRaigad: Suspicious Pakistani Boat in Arabian Sea Turns Out to Be Buoy

OpinionsVicious Plot to Drown Nation in Drugs

International Realted Stories

InternationalThree Baloch youth forcibly disappeared in latest crackdown by Pakistani forces

InternationalBangladesh Chief Advisor Muhammad Yunus unveils 'July Declaration'

International"Don't give adversary China a pass and burn relationship with strong ally like India": Nikki Haley over Trump's "very substantial" tariff threat

InternationalSovereign countries have right to choose their trade partners: Russia on US tariff threats to India over oil purchase

InternationalYunus announces Bangladesh general elections in February next year