IMF Decided to provide Pakistan up to $6 Billion
October 26th, 2008 by The Online Reporter
This newspaper cartoon shows that IMF has decided to trap Pakistan with its financial package. Diplomatic sources in the US capital say that the Fund has agreed in principle to help Pakistan avoid defaulting on its foreign debt repayments but a final decision can only be taken by its governors. The IMF has estimated that Pakistan has unmet funding needs of around $4 billion and needs some extra cash to meet its other urgent requirements. The Fund is willing to provide up to $6 billion.
But what will the next situation for Pakistani public? Could they bear more inflation? Could they bear more surcharged in their utility bills?
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