IMF can’t dictate Pakistan, says FM - GulfToday

IMF can’t dictate Pakistan, says FM


Ishaq Dar. File

At a time when Pakistan, under the current coalition government of Prime Minister Shehbaz Sharif, is facing a towering challenge of reviving its economic and financial conditions and prevent from moving towards a complete meltdown, Finance Minister Ishaq Dar has expressed his displeasure over the delay in the ninth International Monetary Fund (IMF) review, saying that he will not bow down to what he termed as “dictation” of the IMF.

Talking to a local media outlet, Dar said that he was not concerned whether the IMF team arrives or not to assess and finalise the pending review of the country’s $7 billion Extended Fund Facility (EFF).

The Minister said that the IMF team is more than welcome to visit as the compliance details for the ninth review was “completely in order”.

“I do not care if they come, I don’t have to plead before them. I have to look at Pakistan’s interest first,” he said.

Dar further stated that the delay was not because of discrepancies within Pakistan’s positioning and standing and went on to criticise IMF’s “abnormal behaviour”, stating that Pakistan will not plead to the global lender nor will take any dictation from it.

“I have reassured them that our ninth review is in order and you should come and give Pakistan the $500 million funds,” he said.

The Minister further said that if the IMF review team does not come to Pakistan for the review, Islamabad has already formulated a plan to manage the financial situation by getting support from “friendly countries”.

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