New from StartUpPakistani
Shortly thereafter, the International Monetary Fund (IMF) asked the Pakistani government for details of the expected revenue shortfall and additional spending by the provinces after the floods.
Finance Minister Mohammed Ishak Dar said Pakistan, an international moneylender, cannot dictate the terms under which it will manage its finances.
- Ishaq Dar says “friendly nations” will provide Pakistan with his $3 billion.
- FinMin Dar said all preconditions for the IMF’s 9th review have been met.
- “Pakistan is not and will not default (in the future).”
The news reported that talks between Pakistan and the IMF on the 9th review are continuing, but the two sides have yet to reach broad agreement on a revised macroeconomic framework for the current financial year. .