Visits of VIPs postponed due to political instability: Mian Zahid Hussain - Press Release issued by Pakistan Businessmen and Intellectuals Forum.

Karachi -- November 16, 2022 (PPI-OT)

Following is the text of press release issued by Pakistan Businessmen and Intellectuals Forum (PBIF)

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Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said Pakistan's economy is at a critical crossroads.

At this critical juncture, Pakistan cannot afford to annoy the IMF or any other international institution. Mian Zahid Hussain said that violations of the agreement with the IMF should be stopped otherwise Pakistan will have to pay a heavy price. Talking to the business community, the veteran business leader said that if the agreement made with the IMF is not respected, the arrival of its staff mission will be further delayed, which will have a negative impact on the economy.

He said that the IMF has objected to some of the government's measures because it will reduce income and increase expenditure, but the government is adamant about implementing these measures, which has led to problems. The IMF believes that in the future the income of the government will be less and the expenditure will increase, so responsibility should be shown in this regard so that the IMF's ninth review can be started.

Mian Zahid Hussain further said that if the IMF staff is not satisfied with the performance of the government, the executive board of the international organization may take tough decisions...