PTI’s decision to seek IMF assistance garners criticism from opposition

Author: Muzammil Ferozi

Pakistan Tehreek-i-Insaf (PTI) government’s decision to seek loan from the International Monetary Fund (IMF) has been criticised by several lawmakers.

Reportedly, even the ruling party’s coalition partners have lambasted it for deciding to approach the IMF for more loans. This includes politicians from Muttahida Qaumi Movement-Pakistan (MQM-P). According to MQM-P leader Amir Khan, the party is finding it difficult to cooperate with PTI. “MQM will not always back the PTI up. Especially now since it has failed at providing relief to the common man,” expressed Amir Khan.

Meanwhile, Jamiat Ulema-i-Islam (JUI-F) founder Maulana Fazlur Rehman also disapproved of the current government. Criticising the ruling party, the JUI-F chief said that thanks to the policies introduced by the PTI, the stock markets were not performing well. He added that the country’s savings were dwindling as well. “Imran Khan is only good at spoiling the economy,” commented Rehman. “Increasing the prices of food items, goods and basic utilities will only create more difficulties for the common man,” he added.

Jamaat-i-Islami (JI) leader Sirajul Haq also criticised the ruling party’s decision to go to IMF for loans. He pointed out that seeking more loans from IMF would not just add to the country’s debt but also cause inflation. “PTI has yet to fulfil its promise of bringing ‘change’. No realistic steps have been taken yet,” said Sirajul Haq before adding that the citizens were already frustrated with the price hikes slapped on them.

“MQM-P is still waiting for the change that the PTI proposed. Clearly, the ruling party has failed in bringing about any substantial ‘change’ in the first 100 days,” said Amir Khan while

Pakistan Peoples Party (PPP) politician Barrister Murtaza Wahab also lambasted the PTI on its decision to opt for IMF loans. Wahab said that the PTI had created a confusing situation by raising the slogan of ‘change’. “It is typical of every new government to seek more loans by claiming that the country’s treasury is empty,” said the provincial advisor. Wahab said that taking loans would weaken the value of Pakistan’s currency and make things worse.

Published in Daily Times, October 11th 2018.

Share
Leave a Comment

Recent Posts

  • Lifestyle

AIFD celebrates 24 years of fashion excellence with sartorial showcase

The Asian Institute of Fashion Design (AIFD), in collaboration and with the unwavering support of…

2 hours ago
  • Lifestyle

Why did Deedar reject Abdul Razzaq’s proposal?

Former Pakistani cricketer Abdul Razzaq has shared the personal reasons behind the rejection of his…

2 hours ago
  • Lifestyle

Sikander Rizvi ties the knot

Pakistani film actor-restaurateur Sikander Rizvi, grandson of legendary singer Noor Jehan, has tied the knot…

2 hours ago
  • Lifestyle

Saheefa accepts ‘privilege’ of being an actress

Actor Saheefa Jabbar Khattak accepts the privilege that artists have in contrast to the crew…

2 hours ago
  • Lifestyle

Iram Parveen wins best director award for ‘Wakhri’ at Indian film festival

Pakistani director Iram Parveen Bilal this week bagged the Best Director Feature Film award at…

2 hours ago
  • Lifestyle

AR Rahman takes legal action against defamatory content

Indian music maestro AR Rahman took legal action against all the content creators for spreading…

2 hours ago