ISLAMABAD, JULY 13 (ONLINE): Former Finance Minister (FM) Miftah Ismail has said the credit of agreement with IMF goes to Prime Minister (PM) Shebaz Sharif.
” credit for IMF agreement goes to PM as he only talked to US in connection with IMF program, Miftah said this in a statement issued here Thursday.
He went on to say way of working of government is so outdated that no work can be done.
Pakistan was saved from going default due to IMF program, he said adding 3 governments will come during IMF program. The present government, care taker government and next government will implement IMF program.
The government needs to further increase electricity and gas prices. under IMF program, he added. There is no room for any mistake now. We will have to abide by what agreement has reached with IMF.
As per agreement the tariff of gas and electricity will have to be increased. Be it present government or care taker government they will have to scale up tariff.
There is no other way except increasing the tariff to curtail the deficit, he remarked.
