look news india
Pakistan, which is struggling for food grains, is once again preparing to give a debt shock. IMF i.e. International Monetary Fund has warned about the economic situation of Pakistan in its latest report. The IMF said in a report released on Friday that economic risks for Pakistan remain exceptionally high. This report has come just before the organization's last talks with Pakistan. Some experts believe that even the IMF is in no mood to give loans.
In the report of the International Monetary Fund, concern has been expressed about the instability of the Pakistan government. An IMF delegation will reach Pakistan this month. But now this report has increased the concern of Shahbaz government. After the last review of lending to Pakistan, IMF had said that there is a high risk of decline in Pakistan, hence IMF has indicated to the Government of Pakistan to continue the stand-by arrangement. But Pakistan remains politically unstable.
Now even IMF is hesitant in giving loan
According to the information, IMF feels that the political instability of Pakistan is very high and the economic policy is aggressive. Apart from this, hesitation has also been expressed in the report regarding giving loan to Pakistan. The IMF said that high commodity prices and tough global environment could prove worse for Pakistan, which is facing cash crunch.
Pakistan got loan last month
Last month, Pakistan received the last installment of the three billion dollar bailout package from the IMF. Due to which Pakistan was saved from default. After receiving the last installment of the bailout package, the Prime Minister of Pakistan has once again asked for a loan from the IMF. The Pakistan government is expecting a loan of at least six billion dollars from the IMF. Apart from this, Pakistan's focus is on long term debt.