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IMF demands to freeze defense spending in Pakistan

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IMF demands to freeze of salaries, non-development and defense spending in Pakistan

The International Monetary Fund (IMF) has demanded that Pakistan make an adjustment of Rs 1,150 billion to reduce the budget deficit for the next financial year, including freezing all non-development expenditure.

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According to sources, the IMF staff has suggested strict policies during their recent visit to Islamabad.

The IMF has called for freezing salaries, non-development spending, and defense spending to reduce the budget deficit.

Read more: IMF under Rapid Financing Instrument gives SBP $1.39bn

 IMF officials said that if G20 countries can cut salaries, then why not Pakistan.

According to sources, the 6 6 billion expansion fund facility of the IMF program will be restored when the government presents the next budget in accordance with the IMF’s macroeconomic framework.

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