This government has been utterly a failure when it comes to IMF. The IMF refused to listen to Pakistan and put forward more demands for negotiations.
According to the details, another bad news has come for the sinking economy of Pakistan, the IMF refused to listen to the Ministry of Finance and FBR and put forward more demands.
The IMF was not satisfied with the performance of the Ministry of Finance and the FBRK, after which the negotiations between the Ministry of Finance and the IMF stopped on the expenditure report.
Sources said that the IMF delegation has demanded a reduction in expenditure from the Ministry of Finance and an increase in income from the FBR for the ninth review negotiations.
Sources say that they have asked for the expenditure report for the current financial year for the installment of the loan and the report on the increase in expenditure due to floods. The Ministry of Finance and FBR have expressed their willingness to give the report by this month.
According to the sources, the expenses will increase due to flood and the target of primary surplus will not be achieved, the target of surplus given to the provinces will also not be achieved, as a result the negotiations between the Ministry of Finance and the IMF will be further stalled.
While no friendly country is agreeing to give any loan to this government due to its horrible records of loot and plunder. Ishaq Dar said the couintry has just 10 percent chance of default, while Miftah Ismail says it is very grave, not just ten. Whom the oeioke are going to trust.
