Pakistan IMF Deal: IMF did not feel sorry for the poor Pakistan, new condition placed before giving loan, will default? – pakistan economic crisis new condition from the imf plans to arrange 1 billion from commercial banks petrol subsidy
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The staff-level agreement between Pakistan and the International Monetary Fund (IMF) has been delayed yet again. According to the report, the IMF has placed a new demand. According to information, the meeting of Finance Secretary Hamid Yaqoob with the IMF in America was not successful. This is because the IMF has planned to arrange $ 1 billion from commercial banks. The Staff Level Agreement between Pakistan and the IMF was supposed to happen on February 9, but since then it has been delayed.
Subsidy objection on petrol
Sources further said that the IMF also has objections to subsidizing petrol. Earlier, the International Monetary Fund welcomed Pakistan’s commitments to help friendly countries. Nathan Porter, the head of the IMF mission in Pakistan, welcomed the announcement of financial assistance from Pakistan’s friendly countries and said he supported the efforts of the Pakistani authorities.
Pakistan Economic Crisis: Pakistan towards destruction, car company closed the plant
Eid faded
Due to the economic crisis of Pakistan, the Eid of the year 2023 also faded. According to the country’s retailers, shopping in the markets on the occasion of Eid has been very less this time as compared to the last few years. Pakistan’s economic crisis can be gauged from the fact that it has only one month’s import dollars left. Tariq Mehboob, chairman of the Chain Stores Association Pakistan, said sales in all categories, except women’s clothing, declined by 20 percent.
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