ISLAMABAD Professor Adnan Khan, Chief Economist of the UK’s Foreign, Commonwealth and Development Office, says that Pakistan’s coming many times look delicate without the IMF program, incompletely because of the wide financial gap and balance of payments. There’s a extremity.
In an interview to The Express Tribune, Professor Adnan Khan said that the IMF program is meant to make reforms to get out of the extremity, the program itself can not be a precursor to long- term profitable growth, still, the IMF’s stabilization program imposes some important conditions. which along with other reforms can come precursors of profitable growth.
On the IMF’s 6 billion bone program in three times, he said that the need of Pakistan’s frugality is much bigger than the size of this program, but the IMF is important because the traditional sympathizers of Pakistan are China and the Gulf countries. Look at
He said that the IMF’s marquee part may not work this time as no foreign marketable bank has given new loans despite the successful completion of the recent standby arrangement, nor have global standing agencies negatively rated Pakistan. An suggestion of enhancement.
He said that the IMF’s part as an marquee can only work with applicable reforms that are necessary to end profitable deformations so that investment in productive sectors can increase. He said that the IMF isn’t responsible for Pakistan’s heads because the reason for this is that Pakistanis are more consumers than directors.
Adnan Khan said that the IMF program is for short- term stability and to overcome temporary problems, while we’ve to deal with our deep problems, the current position of profit isn’t enough to pay the debts. The MF program has been used for long- term reforms, and if Pakistan can do so, it may exit the program at some stage.
On foreign investment, he said that original and foreign investors will come then for investment only when there are openings, while mentioning the meeting with the businessmen of Karachi and Lahore, he said that the original investors are in” watch and stay” mode. I am, they do not want to waste their plutocrat.