imf loan to pakistan, IMF Pakistan Loan: IMF does not have ‘traitor’ trust on Pakistan… Why is it not giving loan in crisis? Ex finance minister Miftah Ismail says IMF doesn’t trust Pakistan
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When Pakistan cheated the IMF
Ismail said, ‘ Tarin later presented a mini budget in November 2021 and agreed to a new IMF program as soon as the money arrived in February. But the Imran government again reduced the price of petroleum products. At that time, diesel was costing the government more than Rs 200 per liter but they were selling it for less than Rs 150. This was the second time we broke our promise. The former finance minister said that in April last year, he came to power and after a lot of difficulties, Pakistan got the IMF program again.
‘IMF does not trust Pakistan’
Miftah Ismail said, ‘I was fired as soon as the money arrived in September. Ishaq Dar came and said that I will renegotiate this program with the IMF… etcetera, etcetera. Our money and exports coming from overseas Pakistanis are on the floor and inflation is on the floor. I do not understand the meaning of all this and then we started the third agreement with the IMF. He said, ‘Now the IMF doesn’t really believe in Pakistan, but what will you do?’
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