Pakistan IMF Loan: To get Pakistan out of poverty, did Shehbaz Sharif deal with the IMF for the country’s independence? Understand – how pakistan is losing its economic independence by accepting conditions of imf for its bailout package
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IMF’s strict conditions
Prime Minister Shehbaz Sharif and his government have agreed to further reform the National Accountability Ordinance (NAO) and the Federal Investigation Act (FIA). The NAO 1999 and the FIA Act 1974 will be amended by the IMF Task Force.
For the last one year, a condition has been imposed on the Government of Pakistan by the IMF to make changes in the NAO. This is the law under which, apart from the politicians of Pakistan, the officials here have earned a profit of 1100 billion rupees. He indulged in massive corruption and looted public money. The State Bank of Pakistan (Amendment) Bill 2921 was passed recently in Pakistan facing economic crisis, food and energy crisis.
Big announcement after February 9
Many people say that as soon as this law is passed, Pakistan has handed over the Central Bank to the IMF. Market experts are of the view that Pakistan has lost its economic independence by accepting the strict conditions of the IMF. But it is also true that his condition is such that he cannot refuse these conditions. It has been decided to conditionally release $1.3 billion from the IMF. It will be announced after February 9.
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