Govt to fulfil obligations to IMF ‘at all costs’: PM

Pakistan Aug, 31 2023
Govt to fulfil obligations to IMF ‘at all costs’: PM
  • 192
  • 0

Islamabad: Caretaker Prime Minister Anwaarul Haq Kakar stated that matter of skyrocketing electricity bills is being discussed with International Monetary Fund (IMF), adding that government would fulfil its obligations to global lender “At all costs”.

Speaking to senior journalists and anchorpersons here, he said consumers will have to pay electricity bills. Statement came days after IMF refused to immediately approve Pakistan’s request for recovering August’s electricity bills over period of six months amid raging protests in many parts of country that continued against back-breaking bills. So far, caretaker government has failed to come up with any solution. It is trying to avoid breaching conditions of IMF programme.

Caretaker PM said government has given proposals to IMF, adding that inflation was not that big issue to go on strike. “We will not make false promises nor would we deviate from our responsibilities. We will let everyone know measures we cannot take and why,” he added.

PM Kakar said that Election Commission of Pakistan will give final date for holding elections and interim setup would conclude following elections. He acknowledged being informed recently about protests concerning inflated electricity bills.

He said that interim setup does not have any “Hidden agenda, plans or ambitions”. “It is not like some oppressive rulers have come to power and were draining resources of impoverished,” he added.

Published in The Daily National Courier, September, 01 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

Our Correspondent
Our Correspondent https://www.dailynationalcourier.com/author/our-correspondent
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

Army Chief reiterates resolve to thwart nefarious designs of inimical elements

PESHAWAR: Amid rising terror incidents in Pakistan, Chief of Army Staff (COAS) General Asim Munir yesterday reiterated the army’s firm resolve to eradicate the illegal spectrum undermining national security, a statement from the military’...

PM Shehbaz forms panel to end PPP-PML-N rift

ISLAMABAD: Following PPP Chairman Bilawal Bhutto Zardari’s complaints against the incumbent government, Prime Minister Shehbaz Sharif has constituted a committee to resolve the issues between Pakistan Muslim League-Nawaz (PML-N) and Pakistan Pe...

Federal Ombudsman chairs 'open court' in District Central

KARACHI: An open court was held at the Deputy Commissioner's Office, Central Karachi, under the chairmanship of Federal Ombudsman Syed Anwar Haider. Deputy Commissioner Central Taha Saleem, Additional Deputy Commissioners Asim Siddiqui and Dr. Saira...

Hina Bayat discusses rising divorce rates

Hina Bayat Khawaja is one of Pakistan’s most beloved and versatile actresses, known for her insightful opinions and candid approach to life. Having enjoyed a successful career, she is highly regarded, and her views carry significant weight. Hin...

More like this
Related

Saudi Arabia our closest ally, any propaganda against KSA is treachery: PM

ISLAMABAD: Prime Minister Shehbaz Sharif commended Saudi Arabia for its unwavering financial, economic, and diplomatic support to Pakistan over the years, noting that the Kingdom has never sought anything in return. Speaking at the restoration ceremo...

Army Chief reiterates resolve to thwart nefarious designs of inimical elements

PESHAWAR: Amid rising terror incidents in Pakistan, Chief of Army Staff (COAS) General Asim Munir yesterday reiterated the army’s firm resolve to eradicate the illegal spectrum undermining national security, a statement from the military’...

PM Shehbaz forms panel to end PPP-PML-N rift

ISLAMABAD: Following PPP Chairman Bilawal Bhutto Zardari’s complaints against the incumbent government, Prime Minister Shehbaz Sharif has constituted a committee to resolve the issues between Pakistan Muslim League-Nawaz (PML-N) and Pakistan Pe...

CM Maryam foresees fresh wave of ‘unrest’

LAHORE: Punjab Chief Minister Maryam Nawaz yesterday foresaw fresh “unrest” in the country following the attack on a friendly nation. Expressing her thoughts in Taunsa, CM Maryam said, “Yesterday, I saw a video. It is surprising to...
Need Help? Chat with us