Negotiations between IMF and Pakistan will start from today while technical negotiations will be held in the first phase.
Sources say that the first four days will be technical talks in which data from different departments will be discussed.
Sources have said that the people have to bear more hardships and the poor sections will be saved through subsidies.
Economist Dr. Zubair, while talking in the program, said that the former finance minister also blindly signed the IMF agreement and now the current finance minister is also going to accept the terms of the IMF.
The people are suffering from inflation as it is, there will be more inflation, it may take more time to stabilize the value of the dollar
Dr. Zubair said that there is a big difference between available dollars and purchase. Due to lack of dollars, LCs will not open, inflation will increase further. The government is not controlling the money supply at all.
He said that due to the increase in interest rate, inflation will increase, there will be a loss, exchange rate and inflation are going on in a cycle that will continue.
The economist said that I think the IMF program is very flawed. There are many mistakes. Instead of reducing the losses in the electricity sector, the prices have been increased. The IMF is demanding more taxes, which will further depress the economy.
