Thursday, June 8, 2023

90% of Pledges Worth Over $10 Billion are Loans Not Aid, says Ishaq Dar

The government still does not have a firm date for the International Monetary Fund’s (IMF) visit due to disagreements over the mini-budget and increase in energy tariff, despite the fact that the international community has donated over $8 billion, or 92% of the total pledges, in project loans for the flood-hit areas at a donors conference in Geneva.

The events of Prime Minister Shehbaz Sharif’s news conference on Wednesday at the PM’s House confirmed that if the government wants to renew the IMF plan, it will have to bite the bullet and impose additional levies and raise energy and gas prices.

Whereas the $16.3 billion restoration plan for the flood-affected districts has gained clarity thanks to the “record commitments” of $9.7 billion

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