IMF deal will increase inflation, poverty and unemployment: Sheikh Rashid
Pakistan
Says nation wants to dispose of political garbage of entire country
RAWALPINDI (Dunya News) - Awami Muslim League chief and former interior minister Sheikh Rashid says the agreement with the IMF will increase poverty, inflation and unemployment.
In a series of tweets on the social networking website Twitter, Rashid said the incumbent government, caretaker setup and the next government would have to fulfill the IMF's strict conditions within nine months.
He said Pakistan had to repay loan seven times greater than that of current foreign exchange reserves the country had in the national kitty. “Debt repayment is still at risk,” he said.
— Sheikh Rashid Ahmed (@ShkhRasheed) July 4, 2023
The former federal minister said if the IMF programme was suspended, rulers would not be able to avert the economic crisis. “Our expenses are much higher than our income. Those who wasted 10 months and tarnished the reputation of the company are not capable of bringing economic stability to the country,” Rashid said.
The AML head said inflation and unemployment would further increase. “We have to pay more than Rs10 billion in debt by the end of this year,” he said.
Rashid said Pakistan's political decisions were being made in Dubai and London. He said Nawaz Sharif remained busy in politics during his bail which he secured by showing himself ill.
“By Aug 12, everything will be clear in politics. Two royal families are deciding the future of Pakistan from outside the country. As many as 240 million people have no status or importance,” he said.
He further said those who thought the political field was clear in Punjab were oblivious to reason. He said the nation wanted to dispose of political garbage.
