Islamabad: The Islamabad Chamber of Commerce & Industry has shown great concerns over the reported tough conditions of IMF for bailout program for Pakistan because if the proposed conditions were implemented, these would plunge the economy into further troubles.
The Chamber called upon the government to avoid tough conditions of the IMF in order to save the economy and the future generations from further problems.
Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce & Industry said that IMF team has reportedly stressed for further increasing the energy prices and more taxes apart from suggesting many other conditions. Such tough conditions were not in the larger interest of Pakistan as implementation of them would further enhance cost of doing business, put lot of additional burden on the common man and lead to further slump in business activities and economic growth.
