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Wednesday 24 July, 2024
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Govt Has Plan B, If Negotiations with the IMF Fall Through: Ishaq Dar

BY Shahzad Saeed Jun 08, 2023. 10:02 pm UPDATED: Jun 08, 2023. 10:02 pm

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According to Ishaq Dar, the minister of finance, the government has a backup plan in case it is unable to reach an agreement with the IMF.

The State Minister for Finance, Aysha Ghaus Pasha, reportedly told a finance committee that there is no plan B, but the reality is that we do have a plan B, according to the finance minister, who was speaking during the question-and-answer period at the unveiling of the Economic Survey (2022-23) on Thursday.

According to the minister, Pakistan will fall back on its backup plan if negotiations with the Fund are unsuccessful.

There is no backup plan, according to the State Minister, who recently briefed members of the National Assembly Standing Committee on Finance.

“As the government was committed to reviving the IMF program by completing the pending 9th review”, Pasha reportedly said, “Let me say with clarity there were no other options being contemplated upon under Plan B in case of no revival of the Fund program.”

Read more: Budget 2023–2024: Govt Proposes PKR 53.6 Billion Subsidy for Petroleum Sector

 

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