Karachi, 23 rd February 2024: Dr. Mirza Ikhtiar Baig newly elected Member
Parliament from PPP, former SVP FPCCI and leader of the business
community condemned PTI to write to IMF to intervene linking IMF program
with the election audit. Dr. Baig said in the past also Shaukat Tareen and
Taimur Saleem Jahgra of PTI tried and written letter to IMF to suspend IMF
program. Dr. Baig said national interests should be above all politics and cannot
be comprised in any circumstances, we are going through critical time. IMF
present standby agreement is expiring on 4 th April and we have to complete its
3 rd review successfully by 15 th March to get last instalment of USD 1.1 billion.
Pakistan also needs to enter into another long-term agreement with IMF for
USD 6 billion to satisfy donor agencies regarding balance of payment. Any
delay in these programs will increase pressure on our foreign reserves and
would make Pak rupee unstable which our economy cannot afford.
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