ISLAMABAD – The International Monetary Fund has set yet another conditionbefore granting bailout package to Pakistan.
As per media report, IMF has said on Tuesday that Pakistan’s capacity toreturn loans will be assessed, adding that it will consider the details ofthe previously taken loans before giving new loans.
The IMF said that Pakistan’s record of returning loan installments willalso be considered and the executive board will take a decision on givingPakistan a loan in future.
According to the IMF press release, transparency in an important factor inreturning loans.
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“The US is ensuring that the IMF loan shouldn’t be used in paying backChina’s loans,” said the statement.
Earlier in November, the IMF team came to Pakistan to conduct two rounds oftalk, following which Finance Minister Asad Umar said that Pakistan refusedto accept demands of an increase in tax rate and electricity prices by theinternational finance body.
