Islamabad: Pakistan’s political crisis has now turned into a constitutional crisis. As a result, funding to Pakistan from the International Monetary Fund (IMF) has been suspended. Esther Perez Ruiz, the representative of the IMF in Islamabad, said the funds would be released after the new government was formed. At the same time, Pakistan’s leading newspaper DAN reported that the International Monetary Fund’s 6.6 billion program has been suspended and the next installment is unlikely to be approved this month. Schemes and reduction in energy prices have been announced.
Esther Perez Ruiz said that the IMF hopes to continue its support to Pakistan once the new government is formed. We will continue to advance policies to promote macroeconomic stability. He also said that there is no concept of suspension within IMF programmes.
Meanwhile, Pakistan’s finance ministry claimed that the two sides were engaged in data-sharing and reform discussions as part of the EFF, adding that there was no truth to the other speculations about the suspension of the IMF.
Let us inform that Imran Khan on Sunday advised President Arif Alvi to dissolve the National Assembly (Parliament) and demanded fresh elections. In a brief address to the nation, Khan said he had advised President Alvi to dissolve the assembly.