#Pakistan -#IMF talks collapse as current #agreement expires on 30th
ISLAMABAD (MNP) – The ongoing talks between Pakistan and the International Monetary Fund (#IMF) have failed, meaning that the country would no more get any money from the world’s top lender as the current programme expires on the 30th of this month.
Although the finance ministry tried to convince the #IMF by explaining Pakistan’s position on different #reservations and #conditions, the process led by Finance Minister #Ishaq failed to produce the desired results.
The news will certainly further fuel the speculations that Pakistan would default in the coming months as many experts and global institutions have already been warning about the possibility. However, the government thinks otherwise and there are reports of “Plan B” already being activated amid the likely scenario of failing to get the IMF deal don.
Earlier, it was reported that Pakistan was not on agenda of the scheduled IMF Executive Board meetings this month, which start from June 20 (Tuesday) to June 29 with a gap on weekend. But there was still a remote possibility of including Pakistan on agenda if the ninth review is completed successfully.
