A faction of the Pakistan Muslim League-Nawaz (PML-N) has expressed support for holding immediate elections in the country, saying it would suffer if prices of petroleum products were raised to meet the latest demands of the International Monetary Fund (IMF). According to a report, the popularity of the party among the people.
This comes after the fund refused to lend another loan to Pakistan while emphasizing the urgency of concrete policy measures, including the removal of energy and energy subsidies, in the 2023 budget to achieve the objectives of the program.
This latest revelation is also a departure from an earlier announcement by the PML-N and its allies that they said the current setup would expire by August 2023 and that general elections would be held at the scheduled time next year.
The PML-N leader added that accepting the IMF terms would be an unpopular decision for the party. According to sources speaking to ARY News, the coalition partners of Prime Minister Shahbaz Sharif’s government are in a dilemma, however, most of the PML-N leaders are in favor of immediate election organization.
Sources in the media outlet further revealed that Shahbaz Sharif will hold a meeting with the coalition partners to take a final decision where the budget recommendations will also be presented.
The IMF has rejected a 3 billion economic relief program for Pakistan and demanded that energy subsidies be withdrawn.
The fund noted that there were “deviations” in financial terms from the policies agreed upon in the final review. The Fund emphasizes the need for concrete policy measures, including in the context of the removal of energy and energy subsidies, in the 2023 budget to achieve the goals of the program.
The IMF statement indicated that the government would take further steps in the federal budget for fiscal year 2022-23. The resumption of the suspended program can be expected by the end of July / August 2022.
(Except for the title, this story was not edited by NDTV staff and was published from a syndicated feed.)