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ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday the International Monetary Fund was giving his country a “tough time” over unlocking stalled funding from a $6.5 billion bailout at a time of “unimaginable” economic crisis. Hours after his remark, the Pakistani rupee hit a record low against the US dollar in a steep slide since last week.

“Our economic situation is unimaginable,” the premier said, adding the IMF visiting mission was giving Pakistan a “tough time.”

Pakistan wants to complete 9th IMF review without any delay: PM Shehbaz

“The conditions we have to fulfil are beyond imagination,” he said but admitted that the country has no option but to accept them.

“You all know we are running short of resources,” Sharif said, adding the country was “facing an economic crisis”.

He made the comments in a meeting in Peshawar he chaired to prepare a response to Monday’s mosque bombing that killed more than 100 people.

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SuchBaat Feb 04, 2023 07:28am
Why don't Shariffs and Zardari bring back their billions of looted booty parked abroad?
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Jahanzeb Feb 04, 2023 03:38pm
IMF would do what they like, because they are well aware that if their loan unlocks Pakistan has the ability to regain what is lost. IMF and FATF are blackmailing agencies and they are doing what they are trained to do. The current budget and their conditions only impact the poor, so why should the rich even think.
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