IMF did not Give Positive Response to Pakistan, Imran Khan Asked Economic Aid from China And Saudi
After not receiving positive response from the International Monetary Fund (IMF), Pakistan is now seeking loan from its friendly countries for loans.
Imran Khan, who is struggling to recover Pakistan from financial crisis, has said that his allies have assured the help. Imran Khan, who spoke to the media, said that the country is in contact with the allies to get out of the shrinking foreign currency and cash crunch. Earlier, the IMF had told Pakistan that they should first disclose transparent disclosures about foreign debt accumulated in their country, after which the loan can be considered.
Saudi or China can help. Imran Khan has expressed confidence in his support from his friend and aide. According to the Pakistani media, Imran Khan can get help from Saudi or China. Imran Khan said, ‘He has given a positive answer to help us. I hope that now the IMF will not have to ask for financial help. ‘ Last week, the Finance Minister of Pakistan met IMF Chief Christina Lagarde in Bali.
The IMF wants to disclose the debt overtaken by the Pakistan IMF has not said anything to help Pakistan financially and a team of IMF can go round Islamabad next month. Pakistan had demanded a bailout package from the IMF, but Leggard had laid the pre-arrangement of the report before the Imran government about the burden on the country’s debt and the growing burden on China’s investment. The IMF wants Pakistan to disclose the debt, which is climbing with the Sepak (China-Pakistan Economic Corridor) project in their country due to China. The United States was also expressing concern over growing Chinese investment in Pakistan that it will take a lot of time to recover Pakistan.
Pakistan needs 10-12 billion US Dollars in front of Pakistan’s new Prime Minister, Imran Khan, the biggest financial system of his country is to be brought to the track. Embarrassing the previous governments for pushing Pakistan into a financial crisis, Imran Khan said that at least 10-12 billion US dollars is needed to bring the country’s economy back on track. Imran Khan has not been able to get rid of the country’s financial crisis, till now, many luxury properties of the government have been suspended.
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