IMF is a snare for Pakistan: Pakistan Economy Watch

Islamabad:Pakistan Economy Watch (PEW) has given a caution that selling of valuable national assets to meet the budget deficit is a blunder and would push Pakistan in the trap of IMF. The president of PEW Dr Murtanza said that the policy makers’ intention in reducing deficit by privatizing the national departments will prove to be a trap for Pakistan. He deplores the fact that transaction of the ownership of the national bureaus will result in poverty and unemployment. He also revealed that the international financial institutions desire to impose global economic order in the guise of fascinating words like privatization, deregulation, downsizing etc.

Moreover, government’s plan to cut the supply of natural gas to CNG outlets in Punjab to one day in a week on the excuse of supplying gas to power plants to minimize load shedding. The verdict has been taken on the command of influential owners of the gas guzzling captive power plants. It would be useful for few running elementary power plants wasting gas worth Rs 70 billion per annum while hurting tens of millions dependent of the economical fuel.