IMF Agreement not Materializing, Pakistan’s Last Hope is China

Pakistan Prime Minister Shehbaz Sharif confessed that an agreement is not being reached with the International Monetary Fund (IMF). But he hoped that China’s support will play a key role in preventing Pakistan from facing any potential default.

During his address to industrialists and businessmen in Karachi, Prime Minister Sharif said China has demonstrated support by rolling over its commercial debt, highlighting the goodwill of China towards Pakistan.

Sharif claimed that Pakistan has successfully met all the stringent conditions imposed by the International Monetary Fund (IMF). He emphasized his government’s commitment to completing the IMF programme, reported Pakistan media.

The Pak PM alleged that the previous government led by Imran Khan had violated the agreement with the IMF.

Pakistan is experiencing political instability along with an extreme economic crisis. The prevailing instability has contributed to the rise in prices and inflation.