ISLAMABAD – The Pakistan Economy Watch (PEW) has responded over thedecision of federal government to approach IMF bailout package.
PEW on Tuesday said Prime Minister Imran Khan’s decision to seek IMF helpto overcome balance of payments crisis will stabilise the market facingturmoil due to uncertainty.
The continued indecision regarding a bailout package from IMF has damagedstock market, eroded rupee and raised concerns about the future of theeconomy but the decision of the premier will calm the nervous investors, itsaid.
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The forex reserves are sliding, the deficit is increasing, payments forimports and debt servicing has become difficult and there is no money fordevelopmental schemes, therefore, IMF loan has become last option, said PEWChairman Brig. Muhammad Aslam Khan (Retd).
