Recently signed agreement of loan package between Pakistan and International Monetary Fund (IMF) has created a storm of criticism in Pakistan and it has become a hot issue that every is talking about it. After the reaction of various opposition leaders, it is predicted that IMF deal may land the government in to trouble.
After reaction from senior politicians, former first daughter and the Vice of Pakistan Muslim League–Nawaz (PML-N), Maryam Nawaz, has criticised the agreement between the Pakistan Tehreek-e-Insaf government and IMF.
“IMF or no IMF – the incompetent rulers were not sure. Finally when it does come, it’s a complete sell out of our sovereignty and rightly REJECTED by stock market. After just 9 months, country is on the brink of economic disaster,” Maryam tweeted on Monday.
“Within 9 months,the incompetent government has brought the country to a complete economic collapse. The masses are suffering while rulers enjoy perks & privileges. All sectors of the economy stand at the verge of disaster. The experiment has miserably failed”, she added.
IMF or no IMF – the incompetent rulers were not sure. Finally when it does come, it’s a complete sell out of our sovereignty and rightly REJECTED by stock market. After just 9 months, country is on the brink of economic disaster. #SayNoToIncompetence
— Maryam Nawaz Sharif (@MaryamNSharif) May 13, 2019
Within 9 months,the incompetent government has brought the country to a complete economic collapse. The masses are suffering while rulers enjoy perks & privileges. All sectors of the economy stand at the verge of disaster. The experiment has miserably failed. #SayNoToIncompetence https://t.co/vQvRhSM6Nk
— Maryam Nawaz Sharif (@MaryamNSharif) May 13, 2019
The International Monetary Fund (IMF) and Pakistan have finally reached a staff-level agreement on economic policies for a three-year extended fund facility.
Under the agreement, Pakistan will get six billion dollars in three years, while an additional amount of two to three billion dollars may likely come from World Bank and Asian Development Bank on less interest rate. The program aims to support the authorities’ strategy for stronger and more balanced growth by reducing domestic and external imbalances, improving the business environment, strengthening institutions, increasing transparency, and protecting social spending.
