According to the recent statements of Finance Minister Ishaq Dar, Pakistan has money worth millions in US currency as assets and the country will not get defaulted under any circumstances.
With the confidence with which Ishaq Dar erased the country’s default fears from our minds, Rakim Al-Haruf was afraid that now these fears would return to our minds. However, they will not be able to knock.
Shame on the American magazine Bloomberg, which showed the other side of the picture and said that Pakistan is in danger of failing to get the next tranche of its $6.7 billion bailout program with the IMF.
In a report published yesterday in the Pakistani media, Bloomberg said that Pakistan is close to default and there are increasing risks that Pakistan may fail to complete the IMF program that expires at the end of June.
American magazine Bloomberg says that without the IMF program, considering Pakistan’s reserves, it is quite correct to say that Pakistan could default.
Not only that, but the journal also said that Pakistan is in a last-ditch effort to revive its IMF program. A $2 billion financing gap and exchange rate policy are among the biggest obstacles to avoiding default.
When this report came out, it didn’t take long for us to realize that the government’s job is to fulfill its term by saying that everything is good. Later, a finance minister also admits that if the government’s economic policies are not correct, then it does not benefit the people.
For example, it is clear from the statements of former finance minister Miftah Ismail that he does not consider Ishaq Dar’s economic policies to be correct. Maybe they don’t understand it right, that’s why he was removed from office, but this reason is not enough to misunderstand his current opinion.
In the form of the budget, the federal government has shown all the green gardens to the people, including increased salaries and pension benefits, yesterday, when the IMF’s objections were acknowledged by the government itself, all of them have come under the wrap of autumn.
For example, it is clear from the statements of former finance minister Miftah Ismail that he does not consider Ishaq Dar’s economic policies to be correct. Maybe they don’t understand it right, that’s why he was removed from office, but this reason is not enough to misunderstand his current opinion.
