ISLAMABAD – United States has reportedly taken a foriegn and economicpolicy shift vis a vis Pakistan.
As per media report, Trump administration has softened its viewpoint forPakistan’ expected bailout package from International Monetary Fund (IMF),a top official at Finance Ministry told The News.
Earlier, the US wanted IMF to impose strict terms and conditions onPakistan for $6-7 billion bailout package, but with recent letter of USPresident to Prime Minister Imran Khan seeking Pakistan role in bringingTaliban at dialogue table has changed the scene as Premier Imran Khan hadresponded positively and announced to play his role in Afghan peace.
Earlier, Pakistan’s financial managers had a plan to initiate economicdiplomacy with the US to help soften terms and conditions IMF authoritieshad placed before financial managers’ team of PTI government.
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At the beginning, the Fund had asked PTI government to bring down budgetdeficit to just over 2.5 percent of the GDP in next three years knowing thefact at present the fiscal deficit hovers at 6.6 percent of the GDP.
This condition was tough and now IMF authorities have stated to be showingflexibility in the said demand, but the official said that exact figureabout the fiscal deficit is yet to be finalised. To a question the officialsaid that Pakistan and IMF have substantially made progress positively andthe bailout package would be inked sometime in the month of January.
