Sir: For the last few months, quite unnecessarily a fuss is being created by the opposition parties about the federal government negotiations with the International Monetary Fund (IMF) for a bailout package of 8 billion dollars to overcome its inherited serious economic crisis.
Since December 1958, Pakistan has approached the IMF for 21-times for financial assistance for varying amount and period for overcoming pressing financial requirements. Every previous government has been complying with the conditions and providing all the information required by the IMF.
Presently, Pakistan required bailout assistance of about $12 billion but following hurricane trips of Prime Minister Imran Khan to Saudi Arabia, UAE and China and timely financial assistance from these brotherly friendly countries brought the bailout package volume to $ six billion for which the negotiations have since been completed and IMF Board approval is awaited. Furthermore, if all the eligible taxpayers particularly those owning and living in palatial bungalows and driving much costly luxury cars were paying honestly and sincerely their due taxes then the country would have been economically strong and self-reliant many years ago even, please.
MZ RIFAT
Lahore
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