Pakistani Opposition leader Maulana Fazlur Rehman emphasized the stark differences between Pakistan and India, stating that while Pakistan is struggling to avoid bankruptcy, India is actively striving for superpower status.
Rehman criticized the government, accusing them of being controlled by unseen forces and selling democracy.
He expressed disappointment in the lack of true representation in democratic institutions, highlighting the influence of bureaucrats in selecting the Prime Minister.
Rehman questioned the reliance on external forces for political success and the burden of national debt on the Pakistani people. He stressed the need to break free from stagnation to progress as a nation.
The International Monetary Fund has approved a USD 1.1 billion loan tranche for Pakistan, marking the completion of the second bailout package.
This funding is the final installment of a USD 3 billion standby arrangement with the IMF. Pakistan has already received two tranches totaling USD 1.9 billion, with hopes for more substantial loans in the future.
Finance Minister Muhammad Aurangzeb has hinted at securing a new IMF programme soon.
The objective is to secure a loan with a minimum duration of three years, in order to enhance macroeconomic stability and promptly implement necessary structural reforms.
