Abdul Hafeez Sheikh threatens to resign if IMF program not implemented

ISLAMABAD (92 News) – Adviser to PM on Finance Abdul Hafeez Sheikh has threatened to resign if the government did not implement the International Monetary Fund (IMF) program. The IMF has put four conditions, including an increase in the power tariff and taxes, before the government. The IMF has demanded that the government should immediately increase the electricity tariff, amend the NEPRA ACT and give complement autonomy to the State Bank of Pakistan. Meanwhile, the IMF has threatened to end its program in the wake of its non-implementation. On the other hand, a majority of parliamentarians have expressed their reservations about the demands of the IMF. They are of the view that the government popularity will decrease if it accepted the IMF demands. They have advised the government not to accept the demands.