March 02, 2023
Demand of IMF: Ishaq Dar chaired a meeting in Islamabad, giving briefing on another demand of International Monetary Fund (IMF) under the loan scheme to stabilize the failing economy. The new demand included the power surcharge from consumers in the next fiscal year. IMF’s Shifting Goalposts: Pakistan is trying to make continuous efforts to make the economy back to its position and baffles with IMF’s shifting goalposts. IMF proposed several conditions for Pakistan in order to unlock the $6.5 billion Fund Facility which was signed in 2019. Economy of Pakistan: The cracked down economy of Pakistan is creating a lot of difficulties for government as well as citizens of Pakistan. The new conditions from IMF to get any fund includes raising taxes, removing subsidies and artificial curbs on exhange rates. All these conditions should be implemented in Pakistan to get any more fund from the IMF.