Imran Khan's party trying to sabotage IMF deal, says Pak PM Shehbaz Sharif

Pakistan PM Shehbaz Sharif on Sunday accused Imran Khan's Pakistan Tehreek-e-Insaf party of trying to sabotage a deal with the IMF ahead of the Washington-based lender's crucial board meeting

Shehbaz Sharif
Shehbaz Sharif
Press Trust of India Islamabad
1 min read Last Updated : Aug 28 2022 | 5:49 PM IST

Pakistan Prime Minister Shehbaz Sharif on Sunday accused Imran Khan's Pakistan Tehreek-e-Insaf party of trying to sabotage a deal with the IMF ahead of the Washington-based lender's crucial board meeting, asserting that self-centred politics will cause huge injustice to the country.

The IMF executive board will convene on Monday to decide whether to disburse USD 1.18 billion loan tranche to Pakistan, as the country scrambles to avoid an economic collapse, amid high inflation and dwindling foreign exchange reserves.

"I have never seen such self-centred politics; it will be a huge injustice with Pakistan and a big conspiracy against the country, Sharif said, while referring to the Pakistan Tehreek-e-Insaf party, on his visit to inspect flood victims in Sindh province.

On Friday, Khyber Pakhtunkhwa province Finance Minister Taimur Khan Jhagra shot off a sharply-worded letter to his federal counterpart Miftah Ismail, saying it would be next to impossible to run a provincial surplus this year due to the unprecedented floods that have wreaked havoc across the country and unresolved budgetary issues.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Imran KhanShehbaz SharifPakistan IMF

First Published: Aug 28 2022 | 5:49 PM IST

Next Story