ISLAMABAD: Minister of State for Finance Ayesha Ghos Pasha has said that Pakistan has lost the trust of the IMF.
Speaking at the meeting of the Senate Standing Committee on Finance, the Minister of State for Finance said that there has been progress in financing from friendly countries, the next tranche of the IMF is about to be received, so there is no need to worry.
The meeting of the Senate Standing Committee on Finance was chaired by the Chairman of the Committee, Senator Saleem Mandviwala. While giving a briefing in the meeting, the Minister of State for Finance, while giving a briefing, said that there will be important progress on financing from the friendly countries soon, the reforms in the electricity and gas sector have not been done in the last 10 years.
Ayesha Ghos Pasha added that the IMF is talking to the friendly countries about financing separately.
The Minister of State for Finance further said that there has been progress in financing from friendly countries and the next installment of the IMF is about to be received, so there is no need to worry.
The Minister of State while giving a briefing on the IMF program said that many difficult decisions were taken to restore the program, it is taking time to restore trust with the IMF.
He said that Pakistan needs the support of friendly countries for external financing, they are in constant contact with friendly countries, and there will be progress in matters with them very soon.
Ayesha Ghos Pasha added that China has supported us in a timely manner in difficult times, we hope that Saudi Arabia will also come forward very soon while there are also great expectations from the United Arab Emirates.
The Minister of State for Finance said that petrol subsidy is not fully designed, it is being worked on, IMF is emphasizing on targeted subsidy for the poor, IMF should be informed by designing subsidy on petrol. will