Follow Us on Google News
ISLAMABAD: Pakistan Tehreek-e-Insaf continues to give tough time to Pakistan Muslim League Nawaz and allies parties as party jailed founder Imran Khan decided to approach International Monetary Fund (IMF) to halt financial support for Pakistan due to massive rigging in Elections 2024, Barrister Ali Zafar revealed on Thursday.
Speaking to the media in Rawalpindi, PTI Senator Ali Zafar said: “I want to give important information which Khan sahib said. A letter will be issued from him to the International Monetary Fund.”
He said that the IMF, the European Union and other organisations had a charter which stated that good governance was needed for working in the country or giving a loan.
“The most important condition for good governance is democracy,” he said. He further said that the people’s mandate was stolen “in the darkness of the night” during the Feb 8 polls.
He asserted that no organization would “loan” money to a nation if elections were not free and fair. “Because the people will be further burdened by that loan,” he stated.
He declared that the party will present this demand to the IMF and that the party demanded an audit of the election results.
Pakistan managed to receive $3 billion IMF program last year, which prevented a sovereign debt default. This program will end next month, and securing a new, larger one is a priority for the new government.
Earlier, Fitch Ratings suggested that Pakistan’s recent election results pose potential challenges to securing a new financing deal with the IMF, following the expiration of the current Stand-By Arrangement (SBA) in March 2024.