PML-N, PPP leaders slam IMF deal, voice inflation concerns

Описание: #GEOBREAKINGNEWS - PML-N, PPP leaders slam IMF deal, voice inflation concerns - 13 May 2019| #GEONEWS
ISLAMABAD/KARACHI: Opposition parties cried foul as the federal government and the International Monetary Fund (IMF) reached a new agreement securing a $6 billion bailout for the cash-strapped country, following months of negotiations between the two sides.

Pakistan Muslim League-Nawaz and Pakistan Peoples Party leaders slammed the bailout agreement, voicing concerns over an almost certain possibility of higher inflation and slowed economic growth in the coming months as the country implements the loan conditions imposed by the global lender.

Reacting to the agreement, PML-N spokesperson Marriyum Aurangzeb said it was better for Prime Minister Imran Khan "to have committed suicide [making good on his promise] than to have agreed to the $6 billion deal" with the IMF.

Taking to Twitter, Aurangzeb addressed the premier directly. "Imran sahab, your incompetence and ineptitude have made the country a collateral for the IMF. You have handed over the country to the IMF for only $6 billion.

"Pakistan's deal with the IMF is now successful and an 'inflation bomb' has been dropped on the people [of Pakistan]. All the relief for the poor has ended and the prices of gas, electricity, and food items are up," she wrote.

Vehemently opposing the new deal, she mentioned positive changes for the country made by former prime minister Nawaz Sharif, who, she said, "brought into the country Rs60 billion worth of development projects and stabilised the economy".




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