Tough conditions of IMF bailout package make Pakistan reluctant

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Islamabad: International Monetary Fund and Pakistan are facing hurdles due to the tough conditions of IMF bailout.

According to sources, tough conditions of IMF bailout package are making Pakistan reluctant to accept the program. However, conditions included the rise in energy prices, complete disclosure of the China financial aid, and to implement more taxes.

Finance Minister Asad Umar revealed that there are still gaps in IMF position and the position Pakistan has. He further added that the IMF policy level talk is heading towards in a positive direction.

A few days back, the United States said that IMF loan is the best option for Pakistan. Michael A. Sullivan, the Economic Counsellor at US Embassy, said that the United States want to see Pakistan flourish. He further added that the United States believe that the IMF loan is the best option for Pakistan.

On a question whether the United States will support Pakistan’s request for IMF bailout, Michael A. Sullivan said that the United States is ready to provide assistance to the government of Pakistan. He further added that Pakistan needs economic certainty to achieve sustainable growth.

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