Pakistan Crisis: Shehbaz Sharif was proven dishonest by IMF, so now Pakistan will unfold its bag in entrance of America

Islamabad. Pakistan, which is going through a money crunch, has determined to hunt assist from the US to melt the angle of the International Monetary Fund (IMF) in the direction of it. Significantly, the staff-level settlement between Pakistan and the IMF is but to be signed. Pakistan has not but acquired the installment of $ 1.1 billion from the IMF.

Having failed to influence the IMF to go forward with the staff-level settlement, Pakistan has no different means however to hunt assist from Washington and different Western allies, Geo News reported. Pakistan’s financial system is in serious trouble. A number of weeks in the past, its overseas trade reserves had reached an all-time low of $2.9 billion.

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According to the report, Finance Minister Isaac Dar has established contact with American diplomats in Islamabad and requested to assist resolve the deadlock by way of the intervention of the US Treasury Department. It mentioned, ‘Now the IMF says that Pakistan ought to receive 200 % assurance by the tip of June 2023 from its pleasant international locations and multilateral collectors to fill the financing hole of $ 6-7 billion on the exterior account.’

The Monetary Fund has requested Pakistan to hunt assist from Saudi Arabia, the United Arab Emirates, Qatar and multilateral lenders for exterior financing wants of six to seven billion {dollars} by June 2023 to bridge the monetary hole.

Earlier, from January 31 to February 9, the 2 sides held intensive talks with the IMF delegation in Islamabad for 10 days. After not having the ability to conform to the settlement on this dialog, Pakistan and the IMF at the moment are holding talks by way of video convention.

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Tag: imf, Pakistan, United States