The government led by Prime Minister Shehbaz Sharif is currently in the process of recovery. of the International Monetary Fund (IMF) lending program is essential for economic stability, while on the other hand the “stringent conditionality” imposed by the lender may undermine the ruling coalition.
When the Pakistan Democratic Movement (PDM) assumed power in April 2022. Dismissal of then Prime Minister Imran KhanDue to the suspension of the credit facility, the country was facing a financial crisis and the government took some tough steps to revive it.
The Economic Team under the supervision of the then Finance Minister Miftah IsmailAfter much effort Signed an agreement with the IMF. At the end of August, however, the measures agreed with the creditor made it difficult for the coalition government.
There seemed to be an understanding within the government that these measures were necessary, however. Ishaq Dar who was in London at that time Disagreement with Miftah’s policies And eventually managed to convince the party leadership that they could get the country out of the crisis without the IMF.
Dar, after it was given Portfolio of Finance Minister In September, claimed he “knows how to deal with the IMF” and sought to open other sources of financing.
But all their efforts proved futile and the government agreed to accede to all the IMF’s demands, starting a debate on policies to fix the country’s dire economy.
The key He also said that if these decisions had been taken earlier, Pakistan would have been in a better position than it is now.
The same question was also asked by Maryam Nawaz’s spokesperson Muhammad Zubair.
What he said about Dar’s performance and what Muslim League (N) is thinking.