KARACHI: Former federal finance minister and Pakistan Muslim League-N leader Miftah Ismail has said that the risk of default will remain until the return of the IMF program.
According to the details, Miftah Ismail said that if the IMF program is not restored. Other international financial institutions will also not give loans to Pakistan, due to which the country may default.
He said that Imran Khan pushed Pakistan towards default. Imran Khan still wants to see the country default
On Maryam Nawaz’s intervention on some decisions as the former finance minister, Miftah Ismail said that “My sister Maryam tweeted on small things, she could have said this on the phone.”
He suggested to the government that tax should be imposed on the rich for economic stability.
Meanwhile, representative of the IMF in Pakistan, Esther Perez,, has said that Pakistan has to review the exchange rate policy of the dollar.
Speaking to a local TV, Esther Perez said that the talks with Pakistan for the review are going on positively, during which the review of the economic outlook from Pakistan was discussed while the economic outlook of Pakistan is being reviewed again after the floods. .
He said that Pakistan will have to redefine various economic data, re-evaluate the targets for fiscal discipline and deficit control. Pakistan will have to review the dollar exchange rate policy.
Esther Perez said that Pakistan has to complete various targets for the 7th and 8th review, implementation of the goals set under the 7th and 8th review on energy reforms.
The representative of the IMF added that they want to continue the dialogue with Pakistan. They are aware of the humanitarian needs of the flood victims, there have been discussions with Pakistan on the policies for the relief of the flood victims, internal and external payments to Pakistan. So financing has to be kept in mind.
In the meantime, Finance Minister Senator Ishaq Dar says that we have to fulfill the commitment made by the IMF to levy Rs50 rupees on oil prices in the past.
While talking to Shahzeb Khanzada on Geo News program, Dar said that the government has not imposed any sales tax on oil prices. But we have to fulfill the commitment of imposing Rs50 levy on oil prices, he said.
Finance Minister Ishaq Dar said that until now, there is a policy that if the prices of petroleum products are not reduced, they are not increased. Efforts are being made to get oil from Russia at a discount of 30 per cent which was the ban on buying cheap oil from Russia. She finished.
