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ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz on Thursday said that Pakistan will default if the incumbent government doesn’t follow the IMF’s contract signed by the Imran Khan government.
Speaking during a press conference in Islamabad, she said that the current government has not increased a single penny in the petrol price or tax at its own will, adding that it was because of the contract that the former government signed with the International Monetary Fund (IMF).
She said that traditionally, former governments tell people about their achievements when they leave power but referred to Sheikh Rasheed and said that “ex-ministers tell the people that Imran Khan laid landmines for the incumbent government.”
She said that the former government didn’t know how to run the economy but when they ruined it and ran out of money, they risked the entire country and its economy to take loans from IMF.
“This forced the incumbent government to take such decisions because it is bound by the contracts Khan made,” Maryam said, adding that it was written in the contract Imran Khan signed with IMF in 2019 that the subsidy on petrol will be abolished or the petroleum development levy on petrol will be increased.
She said that Pakistan will default if the incumbent government doesn’t follow the contract.
“When Imran Khan realized that his government will not survive any longer, he damaged Pakistan so much that it will take months to recover if not a year,” she said.
Maryam concluded that Khan’s government reduced petrol prices knowing that Pakistan can bear the burden.
