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Home Latest Miftah Ismail  Said If Ahsan Iqbal Had Replaced Me, Things Would Be Different Today

Miftah Ismail  Said If Ahsan Iqbal Had Replaced Me, Things Would Be Different Today

   I don’t agree with the former finance minister’s statement about not talking to the IMF. This kind of thinking is wrong, raising questions about Ishaq Dar’s need to make
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 I don’t agree with the former finance minister’s statement about not talking to the IMF. This kind of thinking is wrong, raising questions about Ishaq Dar’s need to make such remarks. We should be looking to strengthen our ties with the IMF, not weakening them. We need to be constructive, not critical. 

Miftah Ismail recently stated that there are currently 9,000 containers at the port, factories have been closed in the Ego cycle, and the default risk has increased. Who has led to the country suffering and the State Bank making mistakes in its dollar policy? Ismail further suggested that Pakistan should have taken matters into its own hands before agreeing with the International Monetary Fund (IMF). To pay back the loans, Pakistan must now increase its exports. At a time like this, we need to take the right steps to ensure the economic stability of our country. 

Also read : Suspension of 43 PTI MNAs’ Resignations, PTI members started reaching parliament house

Miftah Ismail recently spoke about the need to make positive changes in Pakistan, such as introducing a 15 percent tax on GDP, implementing pension reforms, and planning according to the population ratio. He also mentioned that it is not possible to sell Pakistan’s bond. 

Pakistan has some work to do to improve its governance and catch up with other countries like Bangladesh, whose exports are increasing. 

Since its establishment in 1947, Pakistan has had 23 programs with the IMF to deal with economic challenges. This impressive series of programs, from the days of Zulfiqar Ali Bhutto, Zia-ul-Haq, Benazir Bhutto, Nawaz Sharif, General Musharraf, and Imran Khan, has done much to help the country navigate the economic waters. Even today, the IMF continues to be a major source of support for Pakistan’s ongoing economic stability. 

In 1958, Pakistan signed a landmark agreement with the International Monetary Fund (IMF), receiving a $250 million loan as part of the first IMF program. That was just the beginning of an ongoing relationship with the IMF, as Pakistan subsequently underwent three programs under President Ayub Khan and another three under General Zia-ul-Haq. With the support of these programs, Pakistan was able to make significant advances in its economic development. 

Under Benazir Bhutto’s second term, Pakistan actively participated in three IMF programs. Two programs were adopted when Nawaz Sharif was in office for the second time. Furthermore, during General Pervez Musharraf’s tenure, the country had two programs with the IMF.

The Pakistan People’s Party had the majority in the government from 2008 to 2013, during which there was one program with the IMF. When Nawaz Sharif’s government came to power in 2013, they, too, joined a program with the IMF.

Under the leadership of Imran Khan, the era of Pakistan Tehreek-e-Insaf came, and he was elected as Prime Minister. This government signed an agreement with the International Monetary Fund (IMF), and the Executive Board of the IMF approved a loan of 6 billion dollars for Pakistan in July 2019. After Imran Khan’s tenure, the coalition government formed under the leadership of Shehbaz Sharif is also striving to continue fulfilling the program mandated by the IMF during Imran Khan’s time.

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