i NEWS PAKISTAN

Former PM Raja Parvez Ashraf raises concerns over IMF bailout conditionsBreaking

May 03, 2024

Former prime minister Raja Parvez Ashraf has raised concerns about the potential conditions of the new IMF bailout package for Pakistan. In a statement issued on Friday, the PPP Central Punjab President suggested that the government should brief parliament on the IMF package, with the finance minister providing lawmakers with details on new taxes and approved austerity measures during an in-camera session. Ashraf underscored that instead of privatising Pakistan International Airlines (PIA) and other vital institutions, state-owned enterprises should be managed through public-private partnerships.

The former PM strongly opposed the idea of imposing taxes on pensioners, deeming it unacceptable. He urged the Finance Ministry to seek an alternative solution. Raja Parvez Ashraf also highlighted the potential for enhanced harmony between the Centre and the provinces through the full implementation of the 18th Amendment. He also proposed the abolition of unnecessary ministries to alleviate the financial burden on the federation.

Credit: Independent News Pakistan