Pakistan will have to go back to the IMF immediately after the current program

 When the program ends in June, we will likely have no more than $10 billion in reserves, with nearly $20 billion in debt repayments in the near future, requiring us to be part of two successive IMF programs. Former Finance Minister Miftah Ismail.

Lahore (Urdu Point News Latest. 11 February 2023) Former Finance Minister Miftah Ismail has said that due to falling foreign exchange reserves, Pakistan will be part of another IMF program immediately after the IMF program that ended in June this year. Will have to be. In an interview, Miftah Ismail said that when the program ends in June, we will probably not have more than $10 billion in reserves, as a result of which we will have to approach the World Bank and the Asian Development Bank for loans. And will have to be part of another IMF program.

He said that in the near future we will have to be a part of two IMF programs one after the other due to debt repayment of about 20 billion dollars.

The leader of Muslim League (N) termed IMF as the last solution and said that it is like admitting someone to ICU, if you want to avoid going to ICU, you should be healthy. A lifestyle has to be adopted.

He said that when we start following wise economic policies while living within our means, then we can avoid going to the IMF. Muftah Ismail said that if we continue to live like this, Then the IMF is the last resort and we have to keep going to it. On the other hand, former finance minister Shaukat Tareen has said that a mini-budget is being given to fulfill the conditions of the IMF.

Expressing his reaction, he said that we have reserves of less than 3 billion dollars and inflation will increase further after the IMF program, while 11 percent inflation was said in the budget, but inflation has reached 27 percent. Our revolving loans. The prices of gas, electricity and petrol are also increasing continuously. Shaukat Tareen said that our program with the IMF was to end in September. .

He said that the people of PDM created a lot of excitement during our time, half of the loss was done by Miftah Ismail and half by Ishaq Dar, when the dollar is expensive, everything becomes expensive. No worries about the coming storm.