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PPP Demands To Disclose Details Of IMF Bailout Package In Parliament

ISLAMABAD: Vice President Pakistan People’s Party (PPP) Senator Sherry Rehman has demanded of the PTI government to disclose the details of the IMF bailout package in the parliament.

In her reaction on the bailout package between the IMF and the PTI government, Sherry said the package will bring a new wave of inflation in the country.

“The government should keep in the mind, the tsunami of the inflation can drown them”, she continued.

The PPP leader said the people of Pakistan cannot bear more inflation as they are already passing through crunch economic conditions.

Such anti-people bailout package is unexpectable to the PPP, she said and demanded of the government to present the package in the parliament for the debate.

Earlier in the day, Prime Minister’s Advisor on Finance Dr Abdul Hafeez Shaikh had said that a loan programme has been finalized with International Monetary Fund.

He said Pakistan will get six billion dollars in three years, while an additional amount of two to three billion dollars may likely come from World Bank and Asian Development Bank on less interest rate.

Dr Abdul Hafeez Shaikh said the IMF programme will be implemented after its formal approval from fund’s board. He said the agreement will improve debt situation and sent a positive signal to the world to attract foreign investment.