Pakistan’s agenda was removed from the IMF board meeting,
claims Saleem Mandviwala

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ISIAMABAD: Pakistan People’s Party (PPP) leader and Senator Saleem Mandviwala has claimed that Pakistan’s agenda has been removed from the International Monetary Fund (IMF) board meeting.

During a press conference in Islamabad, he said that the IMF had canceled the meeting with Pakistan as no agreement could be reached with the financial institution.

“It means we don’t know if the next installment of the IMF will come,” said Mandviwala.

He said that the Finance Minister admitted that the signing of the agreement by the IMF was a mistake as its terms were not appropriate and now he would renegotiate.

Saleem Mandviwala said that Shaukat Tareen’s decision to renegotiate with the IMF was a big decision and he would have to do so because without it there would be nothing but inflation in Pakistan.

ISLAMABAD: Senior leader and Senator Saleem H. Mandviwalla of Pakistan Peoples Party (PPP) along with others speaks during a press conference at Sindh House. INP PHOTO by Shahid Raju

Speaking on FATF, the PPP leader claimed that the government has not been able to get 4 points in the last three years to get out of the gray list.

He said that the government claims that it has got 27 to 23 points to get out of the gray list of FATF but every time it says that it is afraid of going to the black list.

Saleem Mandviwala raised the question, “What is the difficulty that the government has failed to achieve 4 points?”

He said that due to FATF’s gray list, the business community in Pakistan is facing difficulties at every stage but no one is talking about this issue.

The PPP leader said that the incumbent Finance Minister Shaukat Tareen had brought the NFC award and his efforts in this regard were invaluable but despite the passage of 7 years, the NFC award was not brought.

He hoped that Shaukat Tareen would highlight the issue of NFC and remove the feeling of deprivation in the provinces.

In addition, citing the concerns of the industrialists, Saleem Mandviwala said that the government should address the concerns of the steel, automobile and telecom sectors.

He said that there was no tax on some part of the steel industry in the country while a large number of other steel industry pays taxes.

Saleem Maundviwala said that in the steel sector, the federal excise tax was abolished and a sales tax was imposed, which meant that they would no longer pay taxes at all.