Appointments of Dr, Reza Baqir of the International Monetary Fund (IMF) as new governor of the State Bank of Pakistan (SBP) and Dr. Abdul Hafeez Shaikh as adviser to the prime minister on finance, triggered a new controversy as opposition leaders are terming IMF as another East India Company.
Pakistan Muslim League-Nawaz (PML-N) spokesperson Marriyum Aurangzeb on Saturday (May 5) said that that the country was being governed by the International Monetary Fund (IMF) and alleged that Prime Minister Imran Khan had “handed over the country to the International Monetary Fund (IMF) on a platter”.
“This time the East India Company didn’t even need to fight,” she said. “Instead of coming up with a favourable and sustainable economic plan, he [Prime Minister Imran Khan] has passed on the control of the country’s fiscal and monetary policies to the IMF by appointing its employee as the head of the central bank,” she continued.
“He [PM Imran] used to rant about how competent his team is and how it would fix the country’s economy in the blink of an eye. Now he has embarrassed the nation by caving in to every IMF demand,” she added. “Imran Khan doesn’t need to go to the IMF anymore because he has formally made the country’s top financial institution their office. “The people have already been bombarded with a Rs9 petrol price hike on the behest of the IMF.”
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