LAHORE: The loan pledged by IMF would inflate poverty and recession in economy while states production ratio would also slide, said President Pakistan Business Forum in a meeting at Lahore Chamber of Commerce.
He demanded the Ministry for Trade Development to reveal all the conceal conditions of IMF which based for IMF to lend this bailout package to Pakistan.
Another official Irfan Shaikh said that strict conditions of IMF for this package would worsen and harm the trade activities in Pakistan that could lead to negative impact on the growth of our economy.
Vice President Lahore Chamber of Commerce Shafqat Saeed said government was being continuously informed about the fragile state of economy for last November however he added, the government turned deaf year to the concerns raised by trade community.
IMF loan to surge recession and poverty: Business Forum
LAHORE: The loan pledged by IMF would inflate poverty and recession in economy while states production ratio would also slide, said President Pakistan Business Forum in a meeting at Lahore Chamber of Commerce.
He demanded the Ministry for Trade Development to reveal all the conceal conditions of IMF which based for IMF to lend this bailout package to Pakistan.
Another official Irfan Shaikh said that strict conditions of IMF for this package would worsen and harm the trade activities in Pakistan that could lead to negative impact on the growth of our economy.
Vice President Lahore Chamber of Commerce Shafqat Saeed said government was being continuously informed about the fragile state of economy for last November however he added, the government turned deaf year to the concerns raised by trade community.
