Pakistan urges IMF to ease conditions

Global body expresses reservations over not meeting targets




The parliamentary body on finance and revenue on Wednesday asked International Monetary Fund (IMF) to ease its conditions for Pakistan so that government could give relief to the poor.

A delegation of the IMF held a joint meeting with Senate and National Assembly’s Standing Committee on Finance to discuss the economic situation of the country.

According to sources, the global body called on a joint meeting of the National Assembly (NA) and Senates Standing Committee and discussed five Sustainable Development Goals (SDGs), including health, education water and sanitation etc. The financial institution expressed reservations over not meeting the targets under the agreement.

The IMF team emphasised on improving the economy and business environment of Pakistan and said that necessary measures are needed to increase exports, while urging for the new and small-scale exporters.

After the meeting, Standing Committee on Finance Chairman Faizullah Kamoka expressed hope to receive the next tranche from the IMF soon. He said that achieving the tax targets look difficult although.

Opposition members Sheri Rehman and Nafeesa Shah said that IMF delegation held meeting with joint body of finance but Prime Minister’s Adviser on Finance Hafeez Seikh didn’t bother to attend the meeting. They demanded that economic policy should be finalized with the consultation of parliamentary body.