[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Federal Minister Ahsan Iqbal expressed contentment with the recent IMF package, which eased worries of an imminent default. Nonetheless, he emphasized that the deal should be viewed as a temporary respite rather than a permanent solution.
During a Twitter space event titled “Beyond IMF Agreement: Challenges and Opportunities for Pakistan,” organized by the Planning Ministry, Minister Iqbal shared his perspective with the audience.
The minister described the recent IMF agreement as a much-needed relief that restored investor confidence. However, he stressed the importance of implementing structural reforms to ensure long-term sustainability and make the most of this breathing space.
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Minister Iqbal highlighted that the agreement became necessary due to a severe balance of payment crisis in 2022, resulting from inadequate policies of the previous government. He pointed out that the country faced its worst deficit of $50 billion after permitting imports worth $84 billion. He emphasized the significance of self-reflection and prioritizing the country’s development rather than merely celebrating the deal.
He cautioned that if business continues as usual, the positive momentum achieved could be lost. He underlined the necessity of enacting structural reforms to steer the country towards a sustainable path and achieve desired outcomes in the long run. Furthermore, he stated that these policies should be maintained regardless of which government is in power.[/vc_column_text][/vc_column][/vc_row]
