New IMF deal to unleash tsunami of inflation, warns PTI
Adviser to the Khyber Pakhtunkhwa chief minister on finance Muzzammil Aslam on Monday raised an alarm, warning that the new IMF bailout package, laced with “harsh conditions”, would unleash a tsunami of inflation and exacerbate public suffering. The PTI leader suggested the government refrain from hastily signing an agreement with the lender and instead involve the federating units to negotiate a better financial deal. Speaking at a press conference alongside PTI Central Information Secretary Raoof Hasan and PTI Senator Walid Iqbal, Mr Aslam said that the IMF staff and Pakistani authorities had successfully reached a staff-level agreement on the final review during meetings held from March 14-19 under Pakistan’s Stand-By Arrangement.