Economic situation ‘worse than anticipated’, says Shamshad Akhtar

ISLAMABAD: The Caretaker Finance Minister, Dr Shamshad Akhtar on Wednesday said that Pakistan’s economic situation was “worse than anticipated”, adding that there is no room for additional subsidies within the International Monetary Fund (IMF) agreements.

She also said that there is no space for additional subsidies within the agreements with the International Monetary Fund (IMF).

The caretaker finance minister recognized that the IMF agreements entered into by past governments included binding commitments, and she clarified that these agreements inherently contained clauses related to subsidies.

Read more: IMF seeks written plan from Pakistan on electricity bill relief

The government is finding it hard to help people while also keeping the IMF happy. The caretaker administration in charge right now is struggling to come up with clear ways to improve the situation regarding the issue of inflated bills