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Imran demands IMF for audit of Feb 8 poll before new loan program

Imran demands IMF for audit of Feb 8 poll before new loan program

Imran demands IMF for audit of Feb 8 poll before new loan program

Imran demands IMF for audit of Feb 8 poll before new loan program

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RAWALPINDI: Imran Khan, the founder of Pakistan Tehreek-e-Insaf (PTI) and former prime minister on Friday disclosed the rationale behind his letter to the International Monetary Fund (IMF).

It was reported that the PTI’s founding chairman had written to the global financial institution, urging for an audit of the February 8 election before proceeding with discussions with Islamabad regarding a new loan program.

During an informal exchange with media personnel at the court, Khan confirmed sending the letter to the IMF, stating that it might have already been dispatched.

He elucidated the motive behind the correspondence, raising concerns about the repercussions of acquiring another loan in the current economic climate, questioning the country’s ability to repay debts. Khan expressed apprehension that obtaining another IMF loan would exacerbate poverty in Pakistan and escalate the debt burden.

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He stressed the importance of attracting foreign investment and ensuring political stability in the nation. The former prime minister asserted that national institutions, including NAB and courts, were compromised during the selection process of PML-N leader Nawaz Sharif. Khan added that the 2024 general elections were rigged, a fact later affirmed by the Rawalpindi commissioner.

Responding to the PTI founder’s letter earlier in the day, the IMF expressed readiness to collaborate with the new Pakistani government, disregarding the PTI’s demand for an audit of the election results before approving any new loans for Islamabad.

“I’m not going to comment on ongoing political developments,” remarked IMF’s Director of Communications, Julie Kozak, during a press conference following the former premier’s request.

She further stated that the IMF anticipates working with the new government on policies aimed at ensuring macroeconomic stability and prosperity for all citizens of Pakistan. Kozak highlighted that the lender had disbursed a total of $1.9 billion under the Standby Arrangement (SBA), emphasizing that the program aims to support the government’s endeavors to stabilize the economy while prioritizing the protection of the most vulnerable segments of society.

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