Former finance minister Miftah Ismail says that the risk of default will not go away even if an agreement is reached with the IMF next week.
Speaking on Geo News’ program ‘Aaj Shahzeb Khanzada Ke Saath Mein’, Miftah Ismail said that the IMF is exaggerating by predicting the current account deficit to be 8 billion dollars. It seems that the IMF changed its position last week. Yes, the interest rate has been increased too much, this thing has also been completed.
Miftah Ismail said that confirmation of investment has been sought from Saudi Arabia, friendly countries are angry with Pakistan that Pakistan does not do what it says, we have reneged on our promises, friendly countries have backed away due to the risk of default. are
The former finance minister said that immediately after this IMF program, we have to go to another program, we have to return 20 billion dollars every year, we have to tell Qatar and Saudi Arabia that we are serious, we are stuck in a vortex.
Miftah Ismail said that if the caretaker government comes in August, it should start negotiations with the IMF, the banks do not have money, collect 20,000 billion and still there will be a deficit, every government says that they will reduce but the revolving credit. Can’t be less, staff level agreement is expected from IMF by next week.
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