The next tranche of the IMF bailout package would depend on Pakistan's quick measures to arrange for full financing of its balance of payments deficit for the fiscal year 2022-23.
Pakistan's former finance minister Miftah Ismail said that no political leader or martial law can improve the system in the country until the government make systemic changes as the country is in deep economic crisis coupled with huge debt and urged for consensus for economic policy, Geo
This quick depletion of the forex reserves was blamed on the PDM government's indecisiveness vis-a-vis revival of the IMF program which had been stalled since the last days of PTI's government.
The economic turmoil in Pakistan has reached alarmingly close to that of Sri Lanka, which had faced a similar situation prior to its default. Pakistan is now standing at the same juncture. Merely a few days or weeks at the most are left for the imminent disaster if some kind of a miracle doe
On Sunday, former finance minister Miftah Ismail said "if Pakistan does default, God forbid - which, I believe can be avoided - it would take six months at the minimum to recover."
Lahore [Pakistan], October 2 (ANI): Ishaq Dar, who replaced Miftah Ismail as the new Finance Minister of Pakistan, has taken a sharp dig at Imran Khan and blamed his party for the country's poor economy as he vowed to provide more relief to the masses in the coming weeks.
Islamabad [Pakistan], September 28 (ANI): Pakistan Muslim League-N (PML-N) senator Ishaq Dar, who was involved in several corruption cases, was handed the responsibility of finance and revenue on Wednesday, shortly after he was sworn in as federal minister.