PAK PM Shahbaz Sharif agreed - his country is in trouble, said - IMF has put a tough condition in exchange for the loan

Pakistan's Prime Minister Shehbaz Sharif has said that the International Monetary Fund (IMF) has set tough conditions for the loan. These are difficult times for the government to deal with the unimaginable situation. He said that the compulsion is that we have to accept the conditions of the IMF.

Pakistan in trouble for debt

Prime Minister Sharif has not explained the tough conditions of the IMF. The IMF is reviewing the economic situation before disbursing $1.18 billion as the first tranche of the $7 billion loan. For this, a team of IMF officials is currently in Pakistan. 

IMF has put many conditions in front of Pakistan

IMF officials are holding frequent meetings with Pakistani Finance Minister Ishaq Dar, Energy Minister Khurram Dastgir Khan and higher officials. In the talks, IMF officials have asked for a hike in the electricity price. Along with this, it has also been asked to reduce the expenses of the government and the army.

Pakistan is facing a serious crisis

According to information, the Pakistan government is ready to further increase the price of petroleum products, but the IMF expects several steps to increase the revenue. The series of meetings between the two sides will continue till February 9. Pakistan's talks with the IMF are going on when it has only $ 3.09 billion of foreign exchange left.

Pakistan has only 18 days of foreign exchange

Explain that Pakistan can import essential commodities only for 18 days with this amount. Pakistan had this savings on the week ending January 27. This reserve of foreign exchange is the lowest in the last 10 years.