Saturday, 12 April 2014

Pak officials take loans, forget pledges: IMF



 












WASHINGTON: International Monetary Fund (IMF) Pakistan Mission chief Jeffery Franks has said that Pakistani officials in times of financial crisis take loans and forget their pledges as soon as they are out of the crisis.
In a TV interview, Jeffery Franks said that several IMF programmes with Pakistan could not succeed due to the fact that when officials face financial difficulties, they make all sorts of pledges but as soon as they get out of the crisis they forget to fulfil them. He said this practice must end now.The IMF Pakistan Mission chief said it seems the new government will meet the promises made relating to reforms, particularly in the energy sector and taxation system.

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