Pakistan: Last week, the International Monetary Fund (IMF) approved a proposal to give a loan of $ 3 billion to Pakistan. This approval was given on 30 June and the IMF program was also ending on the same day. This means that if the IMF had not approved the loan for a few more hours, Pakistan would have gone bankrupt after a few days.
Although Pakistan has got a loan of $ 3 billion, with this the IMF has imposed many strict conditions. These are the things that the Shahbaz Sharif government of Pakistan is not telling the country. Learn about these conditions here.
It will be very difficult for the Shahbaz government to meet the stringent loan conditions imposed by the IMF. The biggest reason for this is political. Actually, general elections are to be held in October and if the government accepts these conditions then it will be very difficult to return to power. This is because fulfilling these conditions means imposing a tremendous burden on the general public.
The government will have to do three things immediately and this order has been given by the IMF. All subsidies will have to be abolished, petrol-diesel and electricity will have to be made costlier by 30% and tax collection will have to be increased by 10%.
– According to the report published in Pakistan’s newspaper ‘The Express Tribune’ on Sunday – How will the government fulfill the conditions of the IMF? If they are fulfilled, they will have to pay a huge political price. Even if the government musters the courage to fulfill these conditions, it is certain that it will not be able to regain power again.