- Bad days are bound to come for Pakistan, thirsty for food grains
- Now even the IMF has admitted that it is hesitant to lend
- The IMF asked Pakistan to prepare another monetary system
Pakistan, which is struggling for food grains, is once again preparing to blow the debt. IMF i.e. International Monetary Fund has warned about the economic condition of Pakistan in its latest report. The IMF said in a report released on Friday that the economic risks to Pakistan are exceptionally high. The report comes just before the organization’s last talks with Pakistan. Some experts believe that even the IMF is not in a mood to give loans.
In the report of the International Monetary Fund, concern has been expressed about the instability of the government of Pakistan. An IMF delegation will arrive in Pakistan this month. But now this report has increased the concern of Shahbaz government. After the last review of lending to Pakistan, the IMF said that the downside risk in Pakistan is high, so the IMF has indicated to the Government of Pakistan to continue the stand-by arrangement. But Pakistan remains politically unstable.
Now even the IMF is hesitating to give loans
According to the information, the IMF feels that Pakistan’s political instability is high and economic policy is hawkish. Apart from this, the report has expressed hesitation about giving loans to Pakistan. The IMF said higher commodity prices and a tighter global environment could prove worse for Pakistan, which is grappling with a cash crunch.
Pakistan got a loan last month
Last month, Pakistan received the last installment of a three billion dollar bailout package from the IMF. Due to which Pakistan was saved from default. After receiving the last installment of the bailout package, the Prime Minister of Pakistan has once again called for a loan from the IMF. The Pakistan government is hoping for a loan of at least six billion dollars from the IMF. Apart from this, Pakistan’s focus is on long-term loans.
