As we know that Pakistan currently announced a new budget and the IMF is unsatisfied with the new budgeting. The last installment which is 1.2 billion dollars the IMF refuses to give because Pakistan did not accomplish the condition of the IMF. The ninth review would be completed this month if Pakistan would not get the last installation, maybe the country defaulted. As Sri Lanka defaulted in 2021, the current situation in Pakistan is very worst because of the political leaders, pray to Allah the Almighty that Pakistan's situation would not be like Sri Lanka's.
Pakistan's external debt reached 125.7 USD bn in March 2023. According to a report by the International Monetary Fund, Pakistani owes China 30% of its $100 billion foreign debt. China has now become the biggest bilateral lender to Pakistan, surpassing all other creditors.
At last, it is a kind request to the finance minister of Pakistan Ishaq Dar to satisfy the IMF to acquire a ninth review and devote Pakistan from default.
Md. Yaqoob
VIA email
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