The leader of Pakistan Muslim League (N) and former finance minister Miftah Ismail says that the International Monetary Fund (IMF) was necessary even if remittances of 4 billion dollars were received. happened
Speaking in Geo News’ program ‘New Pakistan’, Miftah Ismail said that now the demand for dollars will be less in Pakistan, the atmosphere will gradually improve, restrictions on imports will have to be removed gradually.
Miftah Ismail said that the ban on imports is hurting local industries, increasing unemployment, and the Public Accounts Committee (PAC) has the prerogative to investigate anything.
The former finance minister also said that the three billion dollar loan issue is not a matter of corruption, it was a way of subsidizing the richest people, the State Bank does not give loans directly, it gives money to banks.
Miftah Ismail further said that Raza Baqir, Murtaza Syed and other such people are not, there is no problem of corruption, instead of corruption, we should think about whether this policy was better in Corona? In Corona, such policies were adopted all over the world, it should be seen whether the loan went only to big industries or small businesses were also helped, it is better that we learn what was wrong in the policy, what can be a better policy in the future.
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