Pakistan Tehreek-e-Insaf Indicates Possible Withdrawal from IMF Loan Program

The Pakistan Tehreek-e-Insaf (PTI) has signaled a possible withdrawal of support from the International Monetary Fund (IMF) loan program. Reports from “Voice of America” indicate that a delegation led by PTI Chairman Barrister Gohar expressed reservations about the loan program during discussions with IMF representatives.

The PTI delegation conveyed to the IMF that their previous support for the loan program was contingent upon transparent elections. However, concerns were raised that the conditions for transparent elections were not being met in the country, leading to the withdrawal of PTI’s support for the IMF program.

In the past year, the coalition government, with the support of various political parties, had finalized a three-billion-dollar agreement with the IMF after discussions with the IMF representatives. The recent meetings between the IMF delegation and leaders from other political parties, including PML-N and Peoples Party, aimed at ensuring policy continuity.

Notably, during these discussions, the founder chairman of PTI had previously supported the IMF agreement. The recent change in PTI’s stance indicates a shift in their position, emphasizing the importance of transparent electoral processes as a condition for their support for the IMF loan program. This move suggests a potential reevaluation of the PTI’s alignment with the IMF’s policies based on the fulfillment of specific conditions related to democratic processes in the country.