ISLAMABAD: The ruling coalition claimed on Friday that despite the terrible floods, the administration of Khyber Pakhtunkhwa engaged in politics and disregarded the terms of the agreement with the International Monetary Fund (IMF).The allied parties said in a joint statement that the letter from KP Finance Minister Taimur Jhagra Finance Miftah Ismail was a plot to engulf Pakistan in an economic crisis.
According to them, Imran Khan, a former prime minister, signed the agreement with the IMF under strict terms and restrained the “hands and feet of the Pakistani economy.”Khan allegedly broke the terms of the deal, obtained the program’s suspension, and planted landmines in Pakistan’s economy by providing subsidies designed to cause the nation to go into default.
The coalition partners claimed in the statement that in order to prevent Pakistan from defaulting, the government was forced to make tough choices.The rupee’s value and the situation of the economy began to improve after four months of consistent efforts, according to the statement.Nevertheless, they claimed that the populace is still “drowning in the four years of economic devastation and the flood of inflation.”
