Foreign Minister Shah Mehmood Qureshi on Tuesday (May 7) while speaking to Senate, has responded to all criticism, speculations and questions raised after appointment of current IMF economist Dr. Reza Baqir as Governor State Bank of Pakistan and said that Reza Baqir has been appointed on merit. He has taken up the new job at a lower salary package than the one he had at the International Monetary Fund (IMF) just to serve the country.
He said it was worth looking at why Pakistan had to approach the IMF. He said that the International Monetary Fund (IMF) does not approach governments itself, but countries go to the global lender in their time of need. “And is this the first time we are going to the IMF? This is the 16th time we are approaching the IMF. Everybody knows who knocked the IMF’s doors during which government’s tenure in the past,” he said.
“Unfortunately, the economy was completely destroyed in the past ten years. And the nation knows who is responsible for this destruction,” he said, adding that the country had to once again approach the IMF because of the poor condition that previous governments had left the economy in.
Responding to comments from the opposition benches, particularly the Pakistan People’s Party (PPP), the foreign minister said they had taken out the funeral of the economy in the past. He said that a committee formed under former Finance Minister Ishaq Dar failed to deliver any progress on the matter. Pointing the finger at the Sindh government, he said that provincial governments had also failed to nominate their candidates.
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27 September, 2019