This is what happens when courts and civil administration collapses , with a qom that likes to import even match boxes but is too lazy to make it locally. That doesn't pay tax and reaps off all the profits and last but not the least is corrupt to the core , supports a political party that benefits its crony lot .
IMF is going on a 3 week summer recess in August. General Bajwa wants US to reassure IMF that Pakistan will not break it's promises to IMF like last time (Imran's fuel subsidy). The hope is that IMF will give board approval for loan before the recess - thanks to American influence.
Pakistan didn't break any promise. Stop peddling Patwari league propagandaIMF is going on a 3 week summer recess in August. General Bajwa wants US to reassure IMF that Pakistan will not break it's promises to IMF like last time (Imran's fuel subsidy). The hope is that IMF will give board approval for loan before the recess - thanks to American influence.
That subsidy was only 50 billion Rs and budgeted.
Pakistan hikes fuel prices to unlock IMF funding
Pakistan on Thursday announced it will hike fuel prices so that it can resume receiving aid from a $6 billion package signed with the International Monetary Fund (IMF) in 2019, the country's finance minister said.www.reuters.com
IMF program was never suspended. It was stalled though since ex PM Imran Khan's visit to Russia. Last tranche came in February, two months before his ousterTalk to IMF about who is to blame.
Pakistan hikes fuel prices to meet IMF loan conditions
Prime Minister Shehbaz Sharif’s decision clears way for much-needed relief to keep South Asian nation’s economy afloat.www.aljazeera.com
amp.dw.com
After that Imran asked SBP to print money (as you have admitted) in violation of IMF diktat. Don't try to convince me that Imran has not violated IMF agreement. You should instead talk to IMF, because it was their accusation.IMF program was never suspended. It was stalled though since ex PM Imran Khan's visit to Russia. Last tranche came in February, two months before his ouster View attachment 866287
IMF approves $1 billion loan for Pakistan – DW – 02/03/2022
The IMF's executive board released a stalled tranche from a $6-billion bailout package to Pakistan. It warned the South Asian country's economy remained vulnerable, not least because of the pandemic.
If fuel subsidy was the sole reason why IMF program stalled then imported govt of yours has removed all subsidy long time ago. Why IMF is still not continuing with the stalled program despite staff level agreement has been reached?
PDM removed that subsidy 2 months after getting into government
.. because of the violation of trust. While the subsidy was in place, it cost $600 million a month. IMF was not prepared to fund Imran's desperate and futile attempts to stay in power.
