IMF Pakistan News: Pakistan Facing Exceptionally High Risks Says IMF Amid Economic Crisis & Default Risk

The impact of IMF conditions is visible

IMF said that the danger regarding Pakistan is very high. He said that to solve this, it is necessary that the agreed policies are implemented swiftly. In addition, there will be a need for continued financial support from foreign partners. The agency said that decisive and sustained implementation of the IMF program will be necessary to reduce the risk. Under the agreement with the IMF, the Shahbaz government has increased the price of electricity by Rs 5 per unit.

Similarly, despite record inflation in Pakistan, the price of gas has also been increased by 40 paise. There is now a preparation to increase the tax rate in Pakistan. Pakistan has a debt of more than $ 100 billion, out of which only $ 30 billion is from China. Pakistan has to return foreign debt of $ 25 billion in this financial year. Pakistan’s foreign exchange reserves have increased after the loan from IMF, China, Saudi Arabia but still it is in a very bad condition. Elections are to be held in Pakistan this year, on which billions of rupees are estimated to be spent.