Hide & Seek between IMF and Pakistan

Hide & Seek between IMF and Pakistan

Pakistan and International Monetary Fund (IMF) are struggling over the finalisation of bailout package deal as the current political developments in the country is not allowing IMF to have a proper deal.

The IMF’s Mission Chief to Pakistan Nathan Porter said, “We take note of the recent political developments, and while we do not comment on domestic politics, we do hope that a peaceful way forward is found in line with the Constitution and rule of Law”.

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While the country and institute both are trying to get back on track, IMF should not talk in this statement, should have avoided as it is against the purpose. A government already under pressure on economic and political fronts was bound to respond to it.

Extended Fund Facility Outcomes

The statement from both the sides have no meaning in terms of Extended Fund Facility (EFF) outcomes, the ninth review was handcuffed by external financing gaps five months before these jibes were exchanged.

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The statement from IMF may cause government to go for a budget without effectively engaging the IMF deals to avoid it. The fund organization must give a clarification while government must pay attention to other parts of IMF statement.

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