KARACHI: Former finance secretary Mohammad Younus Dagha revealed that the International Monetary Fund (IMF) imposed harsher terms on Pakistan after the country’s economic team was reshuffled.
Dagha was speaking on the Geo News show “Aaj Shahzeb Khanzada Kay Saath” about the finance ministry and his tenure as secretary.
Dagha stated that he resigned due to disagreements with members of the government’s economic team. The former finance secretary stated that he did not agree with the government’s economic policy, particularly the decision to hold talks with the IMF for a new programme.
Dagha revealed, when delving into the details of the IMF-government talks, that when they first began in Washington, the IMF did not present any harsh terms or conditions.
He claimed that after the economic teams at the State Bank of Pakistan and the Ministry of Finance were changed, the IMF presented new, harsher terms and conditions.
Dagha stated that approaching the IMF late for a loan had a negative impact on the national economy, and that the government should have been clear on the issue.
He stated that the continuity of the government’s economic team, the implementation of agreements, and the persistence of policies were some of the critical decisions required to strengthen the economy.
Dhaga stated that while there may be differences of opinion regarding the government’s policies, it would be incorrect to state that producing surplus electricity was a bad decision.
