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IMf tough on economic bailout

IMf tough on economic bailout

Sinking Pakistan Prime Minister Shehbaz Sharif said the International Monetary Fund (IMF) was giving the government a “tough time” during talks to restore the loan. The IMF mission led by Nathan Porter began talks on January 31 with the Pakistan side headed by Finance Minister Ishaq Dar for the ninth review of the USD 7 billion assistance package.

The Pak prime minister made his remarks while addressing an Apex Committee meeting in Peshawar. The committee is the highest provincial body to deal with militancy. While talking about the security situation, Sharif highlighted the economic challenges faced by the country and said that the "situation is in front of the entire nation".

“As I speak, the IMF delegation is in Islamabad and they are giving Finance Minister Ishaq Dar and his team a tough time,” he said.

Sharif said that the economic challenge at this point was unimaginable, adding that the IMF conditions that the country has to meet are “beyond imagination”, but it is mandatory to fulfill the fund's demands

The economic situation of the country may fuel unrest and the ongoing battle with AfPak Taliban remains a threat to the country. 

IMf tough on economic bailout

IMf tough on economic bailout

Sinking Pakistan Prime Minister Shehbaz Sharif said the International Monetary Fund (IMF) was giving the government a “tough time” during talks to restore the loan. The IMF mission led by Nathan Porter began talks on January 31 with the Pakistan side headed by Finance Minister Ishaq Dar for the ninth review of the USD 7 billion assistance package.

The Pak prime minister made his remarks while addressing an Apex Committee meeting in Peshawar. The committee is the highest provincial body to deal with militancy. While talking about the security situation, Sharif highlighted the economic challenges faced by the country and said that the "situation is in front of the entire nation".

“As I speak, the IMF delegation is in Islamabad and they are giving Finance Minister Ishaq Dar and his team a tough time,” he said.

Sharif said that the economic challenge at this point was unimaginable, adding that the IMF conditions that the country has to meet are “beyond imagination”, but it is mandatory to fulfill the fund's demands

The economic situation of the country may fuel unrest and the ongoing battle with AfPak Taliban remains a threat to the country. 

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