Saturday, December 2, 2023

IMF Agreement Won’t Lessen Default Risk: Miftah Ismail

According to Miftah Ismail, a former finance minister, even if an agreement is struck with the International Monetary Fund (IMF), there is still a chance of Pakistan defaulting.

Miftah claimed in an interview with a private news channel on Thursday that the IMF accord will not immediately reduce the danger of default or the proportion of that risk.

Nonetheless, he thought that since “essential procedures” had been completed, the deal will be inked by next week.

The former minister said that because the international lender had previously communicated with the prime minister directly, certain political actions must be performed, even at the level of the prime minister.

Talks with “friendly nations” must also be held, he continued.

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