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Imran Khan, a former Pakistani prime minister, compared the IMF agreement to “treatment of cancer with ibuprofen,” according to Dawn.
The nation will ultimately experience a major catastrophe as a result of the IMF agreement, according to him, as the loan burden will continue to rise. He claimed that it will only offer temporary relief.
This was said by Imran Khan on Wednesday during a live speech from his Zaman Park home.
The Pakistan Tehreek-e-Insaf (PTI) Chairman, who criticized the government’s economic plans, reportedly said, “Do not destroy the nation just to remove Imran Khan from the political arena.”
In accordance with the news story, Khan claimed that Pakistan is experiencing a financial crisis and additional chaos similar to Sri Lanka.
The former Pakistani prime minister issued a dire warning, citing the most recent report from the Fitch Ratings agency.
According to a news source, the Fitch Ratings agency has reduced Pakistan’s long-term foreign currency issuer default rating to “CCC-,” suggesting that the nation has already surpassed Sri Lanka in terms of financial stability.
Imran Khan claimed that by requesting an ordinance to approve the mini-budget, the Pakistan Democratic Movement (PDM) government tried to shift responsibility for increasing inflation to Pakistan President Arif Alvi. He predicted that the mini-budget would cause a new wave of inflation, with the salaried class and housewives experiencing the effects as their purchasing power declined.
According to Imran Khan, who was cited by Dawn, “Even the PDM government is reticent to get approval of the mini-budget from its own members in the parliament.”
He asserted that the country now has only two options: either participate in the PTI’s protest to ensure that the rule of law is upheld and that general elections in Punjab and Khyber Pakhtunkhwa are held within 90 days, or sit idle and wait for the impending catastrophe. He accused the Shehbaz Sharif-led government of Pakistan of plunging the country into a multitude of crises.
Imran Khan stated that he could see that Pakistan was approaching default and added that the anticipated IMF agreement will only offer short-term relief as it will ultimately lead to a big catastrophe for Pakistan, according to Dawn.
The former Pakistani prime minister claimed that holding general elections and allowing the elected government to make “tough choices” were the only ways to rescue the nation from its predicament. He made it clear that “corrupt and incompetent” leaders were only concerned with resolving their own corruption cases and had no plan for the wellbeing of the populace.
Imran Khan was quoted by Dawn as saying that only a government with the support of the Pakistani people could enact structural reforms to eradicate the cancer and set the nation on the road to recovery.
After 10 days of “tough” negotiations, The News International claimed that Pakistan and the IMF were unable to come to a staff-level agreement to release the USD 1.1 billion loan tranche. In Islamabad, the discussions that lasted from January 31 to February 9 between the IMF and Pakistan came to an end. A delegation from the IMF had landed in Islamabad to meet with Pakistani officials.
