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Mustafa Nawaz Khokhar says fresh mandate needed for IMF negotiations

Why Mustafa Nawaz Khokar says fresh mandated is needed to negotiate with IMF?

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PPP’s leader Mustafa Nawaz Khokhar believes that a fresh mandate is needed for any government to initiate negotiations with IMF in a tweet on Friday.

The present coalition government headed by PMLN claims they need to go to IMF to get loans to run the economy. They claim that the previous government of Pakistan Tehreek-I-Insaf damaged the economy and they are left with no money for them to run the country.

The present government was stuck in the dilemma to slash subsidies and raise fuel prices in the country. They stalled the decision for two months after taking power. However, the rising fuel prices will lead to inflation that will hurt them politically. IMF also had set the condition for the government to raise fuel prices to resume the program.

Hence, there exists a wide belief that raising fuel prices leading to inflation would cost the present government politically.

Read more: PPP & JUI-F competing for Presidency?

Mustafa Nawaz Khokhar in a tweet on Saturday again questioned the need to continue with the government and take tough economic decisions with an uncertain future. In his tweet, he asked about the possible belief the government is resorting to deciding to take tough economic decisions.

“The theory goes roughly like this: let’s do what the IMF says, give a tough budget & we’ll give relief to the public next year, then we’ll happily head to elections. Sure but how certain are we that boys will let us reach that finish line?,” said Khokhar in his latest tweet.

Mustafa Nawaz Khokhar belongs to Pakistan People’s Party which is the second-biggest party in the coalition. A number of PPP leaders are part of the government in key positions including Foreign Minister Bilawal Bhutto. His views seem to differ from his party policy. Netizens commenting on his tweet said that no economic relief is insight for the people in the near future.