National
May 8, 2021
ISLAMABAD: Former minister for finance Dr Hafiz A Pasha has warned that the IMF programme could land into suspension mode if Pakistan showed its inability to undertake structural reforms and tough conditionalities in the wake of the third wave of Covid-19 pandemic. He also said that Pakistan should reduce the power tariff for industrial sector instead of hiking the tariff on the IMF demand in order to generate increased requirement for electricity
“Pakistan will have to manage $40 billion debt obligations for repayment over the next three years and the financing of multilateral donors may dry up after suspension of the Fund-sponsored program. As a result of PM’s visit, Saudi Arabia may resume oil facility on deferred payment but it is unlikely that they will provide major financing requirement keeping in view their own increased budget deficit,” former minister for finance Dr Hafiz A Pasha said in a pre-budget 2021-22 webinar organized by the Pakistan Institute of Development Economics (PIDE) on Friday.