On behalf of the Ministry of Finance on the pending agreement between the International Monetary Fund (IMF) and Pakistan The reasons are revealed.
Sources say that the Ministry of Finance believes that the reason for the delay is the international and political situation of Pakistan, Pakistan is facing unprecedented pressure like 1998.
Sources in the Ministry of Finance have said that Pakistan was facing such unprecedented pressure even after the nuclear explosions in 1998.
According to the sources, it was expected to implement such demands which were not being made in the negotiations.
Sources have said that these demands were being made by the US in meetings at different levels, now the growing economic relations between China and Pakistan are also the reason for not reaching an agreement.
Sources say that another reason for the lack of agreement between the IMF and the Pakistani authorities is the lack of trust, the IMF believes that if the loan is issued, the government will use it in the election.
According to sources, the IMF wants guarantees that the loan proceeds will not be used for political gain.
Sources say that the IMF also wants a guarantee that the agreement of the expected caretaker government will remain closed.
Sources in the Ministry of Finance have said that Pakistan’s political situation is also an obstacle in the staff level agreement.
Sources further say that the IMF wants targets in the budget that cannot be deviated from.
Sources have also said that the IMF wants that funds allocated to a sector should not be transferred to another side when the budget is approved.
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