Former finance minister Miftah Ismail has stated that the risk of Pakistan defaulting would not be lessened even if an agreement with the International Monetary Fund (IMF) is reached.
During an interview on Thursday with a private news channel, Miftah said that the risk of default would not decrease immediately, and the percentage of that risk would not drop instantaneously with the IMF agreement.
He believed, however, that the agreement would be signed by next week because “necessary steps” had been taken.
The ex-minister stated that certain political moves have to be taken, including on the prime minister’s level as previously the global money lender had spoken directly to the premier. He added that talks must also be held with “friendly nations”
Miftah said that there was a “trust deficit” between the IMF and the finance ministry which could be bridged by the prime minister having a dialogue with other nations.
