ISLAMABAD: Pakistan has refused to accept any of the conditions offered in the new program by the International Monetary Fund (IMF), Express News reported.
Reasons for the refusal were attributed to the harsh nature of the conditions proposed by IMF.
Earlier on Friday, the government had paid $260 million to the International Monetary Fund (IMF) as a part of loan repayment.
On Thursday, Finance Minister Ishaq Dar rejected IMF’s demand to levy new taxes worth Rs275 billion as a pre-condition for new program.
The draft containing details of the conditions that IMF asked Pakistan to impose will be given to the finance officials on Sunday.
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ