The International Monetary Fund (IMF) will support formulating a new economic program for Pakistan if the new government seeks one, a spokesperson for the lender said on Friday, encouraging fair resolution of all electoral disputes.
Dawn Commerce Editor
London: The cash-strapped nation grappled with an uncertain Feb 8 election that delayed the formation of a coalition government until new Prime Minister Shehbaz Sharif was sworn in on Monday, though a new finance minister has yet to be decided.
“We look forward to engaging with the new government to complete the second review under the current stand-by arrangement and, should the government request, support the formulation of a new medium-term economic program,” the Fund spokesperson said in an e-mail.
The reference was to a $3-billion standby arrangement Pakistan secured last summer from the IMF, though the country has been struggling with record inflation, currency devaluation, and shrinking foreign reserves.
The International Monetary Fund (IMF) stated the letter of the founder of Pakistan Tehreek-e-Insaaf Imran Khan, the spokesman said that the IMF does not comment on internal political matters. The spokesman on behalf of the IMF. However, keeping in mind the importance of a constitutional environment for economic stability and growth, it encourages a peaceful and transparent resolution of all electoral disputes. On behalf of PTI Chairman Imran Khan. In the letter received on February 28, the IMF has a limited mandate on economic matters and does not comment on internal political matters. However, keeping in mind the importance of a constitutional environment for economic stability and growth, he added, that peace over all electoral disputes is essential. and encourage resolution transparently. Confirming the letter from Imran Khan, International Monetary Fund spokesperson Esther Perez said that the IMF received a letter on February 28 from a PTI spokesperson. The letter was received, which was related to the fund’s involvement with Pakistan under this program. IMF representative Esther Peers confirmed the receipt of the letter from the founder chairman of PTI (Imran Khan) and expressed her reaction to it. I said that the IMF is an international organization whose mandate is limited to economic issues. Naha added that the IMF does not comment on local and political issues.
