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IMF is asking for ‘guarantees at every step’: PM Shehbaz

  • Says talks between government and IMF are still underway
Published March 28, 2023
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Prime Minister Shehbaz Sharif said on Tuesday that the International Monetary Fund (IMF) is asking the government to provide guarantees at every step before resuming the bailout programme.

Speaking during a session of the National Assembly, he stated that the past government violated the agreements made with the lender, and it is now seeking guarantees.

“We worked round the clock to save Pakistan from default,” he stressed. “We are still in talks with the IMF for next tranche of the loan.”

On March 24, the IMF had said that it needed to ensure that financing assurances were in place in order to take “the next step with Pakistan”.

In a press briefing, Julie Kozack, the IMF’s Director of Strategic Communications, stated “timely financial assistance from external partners will be critical to support the authorities’ policy efforts and ensure the successful completion of the review [with Pakistan].

“Ensuring that there is sufficient financing to support the authorities is the paramount priority. A Staff Level Agreement (SLA) will follow once the few remaining points are closed,” she said.

Finance Minister Ishaq Dar said “friendly” countries were expected to materialise their commitments with Pakistan that would pave the way to close the deal with the IMF and revive the economy.

‘Imran violated constitution’

Meanwhile on Tuesday, PM Shehbaz addressed other issues as well. He criticised former prime minister Imran Khan for increasing Pakistan’s debt, violating the constitution and damaging foreign policy.

“We spent past 11 months in strengthening the bonds with friendly countries,” he said.

None of Imran promises were fulfilled and as a result, even white collar workers are standing in lines for free and subsidised wheat flour, he added.

He also blamed the former PM for providing refugee to terrorists “which caused a spike in terror incidents in Pakistan”.

Imran should apologise before the nation, he said.

Speaking about delay in Punjab elections, he said that cabinet took the decision due to security threats.

Punjab elections postponement: ECP’s decision in national interest, declares minister

Referring to census, he stated that Sindh administration, particularly MQM had some reservations on it.

Earlier during the month, PM Shehbaz said that general elections in 2023 will take place on time and the government was aiming to complete the census and compile results before then.

“Polls will take place in August or September 2023 and holding elections on time will strengthen democracy,” he had stressed.


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Miannawazshit Mar 28, 2023 03:49pm
Little brother, please tell me how else can the IMF deal with us crooks and liars. We keep lying to all the world so stop moaning.
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Mueez Ur Rehman Mar 28, 2023 04:40pm
Because they know you guys are thieves
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Usman Mar 28, 2023 05:20pm
PDM totally chor and Rana sna is cropped Man to in world
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Md Mahfuz Mar 28, 2023 05:29pm
sale kamine kahin ke chor kahin ke
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Shah Jee Mar 28, 2023 07:34pm
Aur Kia Mangey, kapray manganey sey to raha
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Az_Iz Mar 28, 2023 07:39pm
Once the funds are received, you will spend them , by providing subsidies and other wasteful means, and be in the line for the next tranche, to save the country again from default. The cycle will continue.
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Rizwan Mar 28, 2023 07:40pm
They'd rather trust the devil than Pakistan.
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KU Mar 28, 2023 07:40pm
Absolutely cruel of them, does the PM have any guesses? Better call Einstien! Hint; crooks....liars.....corrupt..... under-trial suspects.....shameless
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Muhammad Mar 28, 2023 08:17pm
@Dr Safiagull , pehlay 1 million mark to achieve kar lain
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Tulukan Mairandi Mar 28, 2023 08:18pm
It's how they treat habitual liars
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Tulukan Mairandi Mar 28, 2023 08:19pm
Mr PM, they will go easy if u sack Dar and give a guarantee that he'll never be appointed FM or any position of power.
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Az_Iz Mar 28, 2023 11:38pm
And the Pakistanis are asking for guarantees that the money will not end up in your accounts outside the country.
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Anjum Mar 29, 2023 12:23am
Liar. Lying and looting since 1980.
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Anjum Mar 29, 2023 12:24am
Liar. Lying and looting Pakistan since 1980. You and your brother are proven thieves. You can fool pakisnis but not the western countries. Idiot.
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bonce richard Mar 29, 2023 03:18am
@Usman , PDM belongs to Punjab. If you read the history of Pakistan Punjabi is one corrupted including our army.
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bonce richard Mar 29, 2023 03:21am
@Anjum, Bengali peoples were right and separated from us. After 1971 our country could not stand on its own leg. Bhutto nationalized all industries and ruin the economy.
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bonce richard Mar 29, 2023 03:23am
@Miannawazshit, Who trusts Punjabi Chor and the Punjabi criminal army of the so-called Islamic Republic of Pakistan?
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Muhammad Ali Mar 30, 2023 10:44am
GOP has brought a bad name for Pakistan globally. IMF & other donors rightfully couldn't rely a Govt whose main thrust is to suppress media, public & judiciary. They didn't take a single step for economic management. It looks imminent that they are leading to a complete meltdown.
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Aamir Latif Mar 30, 2023 11:39am
Very good because your actions are not trustworthy, because your FM screw up IMF negotiations by his jugglary of freezing Rs tactics, your impractical brainchild of fuel subsidy, failure to implement reforms, poor tax collection and widening of net base... Talking austerity, yet having 80+ juggernauts in yoir team.. Grow up PM, you are not a CM by distributing atta or laptops, or fuel parchi of subsidizing.. Run country like a PM.
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