ISLAMABAD: President Pakistan Economy Watch (PEW) Dr. Murtaza Mughal hassaid that the International Monetary Fund (IMF) is pushing Pakistan intostone age through its negative economic policies.
In a statement issued here on Sunday, Dr. Murtaza Mughal said that insteadof encouraging growth in vulnerable economies, the IMF destroys stateinstitutions, disintegrates protective economic barriers and impoverisheslarge numbers of the population.
He said that the destructive policies of the lender will transform Pakistaninto a graveyard of industry and agriculture. The visiting mission of theIMF will leave only after ensuring the continuation of its genocidalpolicies to destroy economic activities and trigger unemployment, thePresident PEW added.
He said that the stringent IMF conditions regarding the hike in electricitytariff, increased interest rates and devaluing currency have terrifiedmasses and the business community.
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Dr. Murtaza Mughal said that bureaucracy has successfully created a dividebetween masses and the government after which the later has emerged as aserious threat for the poor.
The IMF is not interested in reforms aimed at empowering the masses andsimplifying the tax system while its recent directives are against thebasic human rights protected by the constitution, he said.
