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Pakistan slams IMF's 'intervention' in internal matters

A day after International Monetary Fund (IMF) mission chief Nathan Porter commented on the country’s political situation, Minister of State for Finance and Revenue Dr Aisha Ghaus Pasha said on Wednesday that he should not “interfere in politically domestic” matters.

While the IMF usually does not comment on domestic politics, in a statement on Tuesday, Porter said the IMF hopes “a peaceful way forward is found in line with the Constitution and the rule of law”.

His comments come as the country still awaits the much-delayed signing of a staff-level agreement that would unlock $1.1 billion in financing for the cash-strapped nation as part of a $7bn IMF package.

Talking to reporters today, Dr Ghaus said, “[Firstly], Nathan Porters should not interfere in politically domestic matters. Secondly, I do not know what he has exactly said. […] Officially, we have not been communicated anything so we do not know.

“I think what the IMF has said is extraordinary. Usually, as far as I have studied the IMF or have seen its engagement with other countries, it ordinarily does not say such things.”

When asked if the IMF official’s statement will be raised with the Fund’s Managing Director Kristalina Georgieva, she answered that the matter had not been deliberated upon.

While the IMF is preparing to discuss Pakistan’s budget plans for the coming financial year, Dr Ghaus said the finance ministry is preparing the budget considering that Pakistan is under an IMF programme and is “continuously engaged with it”.

“We want that we prepare the budget in such a way that we give as much relief as possible to the common person in these conditions and that no further burden is added,” she added.

The minister said that the preparations for the budget’s presentation in the National Assembly on June 9 were under way as per the budget calendar.

She dismissed speculation of a difference of opinion between Finance Minister Ishaq Dar and Prime Minister Shehbaz Sharif on dialogue with the IMF, and said the “entire economic team was onboard”.

“The prime minister is representing the government at this stage. He is the head of this government. If he is saying something this clearly, then his entire team is with him, whether it is the finance or any other division,” she said.

“In our conversation with the IMF, we have said that ‘this delay [in signing the agreement] is neither good for you nor for us. This uncertainty should end — a lot of time has passed — and your programme is also ending on June 30 so whatever we have to do should be done speedily,’” she added.

Dr Ghaus emphasised that the government has made it clear to Georgieva that it wants to complete the IMF programme and added that the Fund’s managing director expressed the same that it wants progress on the matter.

“The entire nation knows our economic situation. Businessmen also know — they also know we are in an IMF programme. They also know that completing the IMF programme amicably is in the national interest so we will give relief as much as possible,” she said.

On the matter of the IMF programme expiring on June 30, she said that as the programme had already been extended once, extending it again was not being discussed as per her knowledge.

Replying to a query, the minister said it was to be pondered later whether to enter an IMF programme again or not: “First, let this programme reach its end. Then we can decide how to move forward.”

 
Sardar Sahab! Aap ko Ghareeb ki baduya lage gi - aik Faqeer Bhikari baduya lagay gi! Mujhe na bolo
Meri afheem na roko!
Bas Khairat do!
 
You look at the audacity of these people. Beggars trying to set demands.
I can't believe that these people are aallowed to be in power in our country... where is mob justice when you really need it? Or is it only used against the weak?
 
lol, it does not work that way.IMF clearly said Dollar price needs 2 follow the open market or else! Beggers cant be choosers so you will have the fallout.BTW, as a lender IMF can insist on political stability. Lending rules apply 2 individuals and, businesses and countries alike.
Capacity & character are 2 of the 4 C's of lending biz. Lack of law pretty much eliminates them C's
 
Ha ha beggars trying to dictate IMF, IMF knows too well these corrupt parasites won't be able to pay the money back and have failed to present any plan on how to increase revenue, and attract FDI.

They can forget FDI as PDM has severely dented investors confidence. Why should anyone invest in a law of the jungle when no one is safe.
 
Well, when someone lends you money, they get to have a say in what you do with that money. For example, if I were to loan money to a friend of mine with a drug problem so he can get back on his feet, I'm perfectly within my rights to condition that loan on him going to rehab. I'm also going to check on him periodically to ensure he's still in rehab and making progress.

If he doesn't like that or thinks it's overbearing and interference in his affairs, he can simply refuse the loan.
This is the problem, the friend is the problem I.e. imf they don’t want me in rehab in fact they’re exacerbating my addiction problem funding the drugs purchase
 
We know its not going to be good for Pakistan but how exactly will it not be good for IMF? Seems the standard of being a minister is being the biggest moron.
 
  • Dr Pasha terms IMF mission chief's statement “extraordinary".
  • Minister says delay is neither good for Pakistan nor the IMF.
  • She assures budget will aim at providing relief to the people.
ISLAMABAD: State Minister for Finance and Revenue Aisha Ghaus Pasha Wednesday slammed the International Monetary Fund (IMF) for "intervening" in Pakistan's internal matters.

"Pakistan’s conduct is in line with the law,” the state minister said, terming IMF Mission Chief for Pakistan Nathan Porter’s statement — regarding the political situation in Pakistan — “extraordinary”.

While the IMF does not comment on domestic politics, Porter had said that the Fund hopes "a peaceful way forward is found in line with the Constitution and the rule of law.”

Hoping that both sides will reach a staff-level agreement before the announcement of the federal budget — expected to be unveiled on June 9 — for the fiscal year 2023-24, the state minister said that the delay is neither good for Pakistan nor the Fund.

Dr Pasha confirmed reports that Prime Minister Shehbaz Sharif contacted IMF Managing Director Kristalina Georgieva, adding that the premier assured the fund’s chief that Pakistan will meet all its obligations.

On May 27, PM Shehbaz contacted Georgieva, requesting her to help Pakistan revive the stalled $6.5 billion facility.

PM Shehbaz — according to the sources — requested her to intervene in order to complete the pending ninth review — which would unlock $1.1 billion in financing for the cash-strapped nation.

The coalition government has been negotiating with the Washington-based lender to revive its bailout programme since November, with the financing gap among the biggest roadblocks. There’s about $2.7 billion left to disburse from the $6.5 billion programme that’s scheduled to expire next month.

The minister, in response to a question regarding Pakistan’s plan of action in case it fails to convince the fund before the expiry of the programme — June 30 — said: “The Ministry of Finance is not sitting with its eyes closed, there is always a Plan B but our priority is to revive the IMF programme.”

Commenting on the upcoming budget, the state minister assured the masses that the finance bill will aim at providing relief to the people as this will be an “election year budget”.

On Sunday, Finance Minister Ishaq Dar said Pakistan will share its budget details with the fund. He added that he would like the IMF to clear its ninth review before the budget, which is due to be presented in early June, as all the conditions for that had already been met.

"They have asked for some more things again, we are ready to give that too, they say that give us budget details, we will give it to them," Dar said in an interview with Geo News.

Regarding the next reviews, he said it would not work for Pakistan if the IMF combined the ninth and tenth reviews of the bailout, adding, "We will not do it, (we) see this is (as) unfair."
Meanwhile IMF working group to Pakistan Government;


😂😂😂😂

baggars cant be chossars
Imagine begging people for money and when they turn around and suggest, can you not like “get a job” you threaten to beat them with a stick!

That’s Pakistan Government’s attitude with the IMF right now. The IMF is correct, fix the internal security and political situation, secure loans from UAE, Saudi and China and maybe then we can talk.

Until then, Darconomics is back in the toilet, where it belongs…

Look at this:
4958734B-CB53-4FDE-A2A9-A1365009BA64.jpeg


Meanwhile:
1685577508006.jpeg


😂
 
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  • Dr Pasha terms IMF mission chief's statement “extraordinary".
  • Minister says delay is neither good for Pakistan nor the IMF.
  • She assures budget will aim at providing relief to the people.
ISLAMABAD: State Minister for Finance and Revenue Aisha Ghaus Pasha Wednesday slammed the International Monetary Fund (IMF) for "intervening" in Pakistan's internal matters.

"Pakistan’s conduct is in line with the law,” the state minister said, terming IMF Mission Chief for Pakistan Nathan Porter’s statement — regarding the political situation in Pakistan — “extraordinary”.

While the IMF does not comment on domestic politics, Porter had said that the Fund hopes "a peaceful way forward is found in line with the Constitution and the rule of law.”

Hoping that both sides will reach a staff-level agreement before the announcement of the federal budget — expected to be unveiled on June 9 — for the fiscal year 2023-24, the state minister said that the delay is neither good for Pakistan nor the Fund.

Dr Pasha confirmed reports that Prime Minister Shehbaz Sharif contacted IMF Managing Director Kristalina Georgieva, adding that the premier assured the fund’s chief that Pakistan will meet all its obligations.

On May 27, PM Shehbaz contacted Georgieva, requesting her to help Pakistan revive the stalled $6.5 billion facility.

PM Shehbaz — according to the sources — requested her to intervene in order to complete the pending ninth review — which would unlock $1.1 billion in financing for the cash-strapped nation.

The coalition government has been negotiating with the Washington-based lender to revive its bailout programme since November, with the financing gap among the biggest roadblocks. There’s about $2.7 billion left to disburse from the $6.5 billion programme that’s scheduled to expire next month.

The minister, in response to a question regarding Pakistan’s plan of action in case it fails to convince the fund before the expiry of the programme — June 30 — said: “The Ministry of Finance is not sitting with its eyes closed, there is always a Plan B but our priority is to revive the IMF programme.”

Commenting on the upcoming budget, the state minister assured the masses that the finance bill will aim at providing relief to the people as this will be an “election year budget”.

On Sunday, Finance Minister Ishaq Dar said Pakistan will share its budget details with the fund. He added that he would like the IMF to clear its ninth review before the budget, which is due to be presented in early June, as all the conditions for that had already been met.

"They have asked for some more things again, we are ready to give that too, they say that give us budget details, we will give it to them," Dar said in an interview with Geo News.

Regarding the next reviews, he said it would not work for Pakistan if the IMF combined the ninth and tenth reviews of the bailout, adding, "We will not do it, (we) see this is (as) unfair."


Karma is a bitch isn't ?

IMF has come out in support of PTI, It is rather unconventional for IMF to take political stance.

I guess it is due to IK and his PTI overseas workers sucking balls of American senators!!!! The audios are already public.


indian stupidity has no limit.

Some pakistanis are actively telling IMF to not give loan to this govt .


we want to make you happy
 
Pakistan laments the politicization of the IMF.

The working boundaries of IMF should not tangle themselves to be politically aligned in any country. This is against the very principle stance of the Fund.

This is more harmful to the integrity of the IMF given the sensitivities of the knitted banking industry.
 
Pakistan laments the politicization of the IMF.

The working boundaries of IMF should not tangle themselves to be politically aligned in any country. This is against the very principle stance of the Fund.

This is more harmful to the integrity of the IMF given the sensitivities of the knitted banking industry.

When did you start using Chat-GPT? Since this gibberish is exceptionally meaningless, even by your standards.

Kuddos again.
 
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