PTI to yet again 'go for IMF deal if it forms next govt': Fawad.

ISLAMABAD -- Pakistan Tehreek-e-Insaf's (PTI) Senior Vice-President Fawad Chaudhry said in an interview on Tuesday that if the PTI government is formed, it will have no recourse but to turn to the International Monetary Fund (IMF).

Chaudhry's comment comes as a default risk looms over Pakistan, the rupee continues to depreciate against the US dollar, and forex reserves have plunged to record lows - covering merely a month's imports.

Financial pundits, voicing concerns since the ouster of the previous government, say the country's financial side will remain vulnerable until there is political stability.

The incumbent government has tried to get the IMF programme back on track and is trying to complete the ninth review, however, the Fund and Islamabad have not made any headway so far.

During an interview on a private television channel, Chaudhry said that if the PTI government is formed, it will have to go to the IMF for assistance to overcome the economic crisis.

This statement came on the same day that the PTI chief Imran Khan, while addressing the launch of PTI's white paper via video link said: 'Instead of going to the IMF, attention should be paid to exporters.'

Advising the ruling government in the centre about its decisions regarding the IMF, Khan had said that approaching the lender raises the issue of autonomy.

'When going to the IMF, one has to adhere to their orders. You cannot make your own decisions,' Khan had said during the address.

However, last week, lashing out at the coalition government's economic policies, Khan had warned that the country will default if it does not enter into a programme with the IMF.

It is pertinent to note here...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT