ISLAMABAD: The IMF mission, led by Nathan Porter, began talks on January 31 with the Pakistan government represented by finance minister Ishaq Dar for the ninth review of the assistance package.
"Our economic situation is unimaginable," the premier said.
"The conditions we have to fulfil are beyond imagination," he said, but admitted that the country has no option but to accept them. "You all know we are running short of resources," Sharif said, adding the country was "facing an economic crisis".
Pakistan's economy is in dire straits, stricken by a balance of payments crisis as it attempts to service high levels of external debt, amid political chaos and a deteriorating security situation.
PM Sharif made his remarks while addressing an apex committee meeting in Peshawar following Monday's mosque bombing that killed over 100 people.
While talking about the security situation, Sharif highlighted the economic challenges faced by the country and said that the "situation is in front of the entire nation".
"As I speak, the IMF delegation is in Islamabad and they are giving finance minister Ishaq Dar and his team a tough time," he said.
Hours after his remark, the Pakistani rupee, which has been in a steep slide since last week, hit a record low against the US dollar.
This story is from the February 04, 2023 edition of Hindustan Times.
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This story is from the February 04, 2023 edition of Hindustan Times.
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