Pakistan IMF Loan: All the hopes of ‘pauper’ Pakistan were shattered, IMF refused to give loan, now will the country yearn for every grain? – pakistan economic crisis gets worse talks with imf ends without any agreement
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The IMF team did not budge from the toss
Pakistan’s authorities were hopeful that they would be able to assure the IMF about their good intentions. The IMF is not confident that Pakistan will implement all the stringent conditions. Even in the meeting, the authorities failed to convince him at all about this. The IMF team had come to Pakistan on a 10-day visit. This tour also ended on Thursday without any agreement. Nathan Porter was leading the IMF team.
IMF is suspicious of Pakistan
Ishaq Dar, the finance minister in the Shehbaz government, completely failed to provide the necessary confidence to Porter and his team. Dar was continuously meeting with the IMF team for the last several days. But even after this they could not achieve the required target. Finance Secretary Hamid Yaqoob Shaikh said that necessary action had been agreed upon but even after this the staff level agreement could not be announced. IMF is refraining from giving loan to Pakistan due to credibility crisis.
Shehbaz’s promise is broken
IMF does not want to blindly trust the country. But this time very strict conditions were also put in front of Pakistan from the side of the organization. To end the deadlock, talks were also held between PM Shehbaz and Nathan Porter via conference link. Dar also refused to appear before the media after this latest development. Dar had promised that he would share a good news with the country on Thursday and it did not happen.
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