Thursday 9 February 2023

People of Pakistan need replies from the incumbent government and the IMF

After having read the details of foreign exchange reserves held by Pakistan a few questions come to my mind, I am sure my readers also have similar questions. Let me enumerate some:

1. Is the present economic team competent enough to occupy these officers? If they could not resolve top of the agenda item, negotiations with IMF, in all the honesty allowing these incompetent people in strategically important office tantamount to ruining the country.

2. The Prime Minister as well as the Finance Minister is putting the blame of hike in electricity and gas tariffs, withdrawal of subsidies, collection of petroleum levy on IMF, will they be kind enough to let the nation know the proposals they had sent to the IMF?

3. Why the IMF is not demanding cut in the extravaganzas of the incumbent government?

4. IMF has endorsed all the hikes, despite knowing that Pakistan will plunge deeper into the debt. My question to the lender of last resort is, have you come up with a bailout program for Pakistan or want to keep the present rulers in power and let the country meet eminent default?

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