The American magazine Bloomberg has claimed that there is a risk of Pakistan’s default if the program of the International Monetary Fund (IMF) is not rolled over.
In his report, Bloomberg said that the IMF objection to Pakistan’s budget has raised concerns about the lack of installments, inflation and interest rates will rise more than expected without the funding program.
According to the report, the IMF has objections to not increasing the tax base and the amnesty scheme, without the fund program the sources of international funding will be limited.
Bloomberg reports that progress on the new program is difficult before elections in October, and that a new IMF program will be difficult before December.
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