PM Shehbaz warns of 'more burden ' on people.

 IMF loan: PM Shehbaz warns of 'more burden' on people.

Prime minister Shehbaz sharif said Tuesday that he saw 'more burden ' on the masses in the coming days as the cash-strapped nation continues to meet tough International Monetary Fund (IMF) demands to secure a $1.1 billion loan tranche.

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The funds are part of a $6.5 billion bailout package the IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations.

During an interview on Geo News 'programme "Capital Talks",the prime minister said that when he came into power, he and his partners were aware that the situation was very bad and that Pakistan was on the brink of default.

But what he did not know was "that Imran Khan had completely gone back on the promises he made with the IMF, and I was also not aware that (IMF'S) trust in Pakistan was also damaged to a great deal".

The premier also said that due to Khan's repeated backtracking, the Washington-based lender is forcing Pakistan to implement the pre-conditions for unlocking the loan tranche.

"Definitely, these conditions resulted in burdened further.I absolutely acknowledge this, "the prime minister said, mentioning that "hardworking Pakistanis will be burdened by this".

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..,....................IMF loan: PM Shehbaz warns of 'more burden ' on people...............