-Finance Minister says his Senate speech on Pakistan’s Nuclear
programme being ‘quoted out of context’
-Reiterates govt continuously engaged with IMF to reach SLA at earliest
-Dar’s earlier statement prompted speculations; IMF also issued clarification
By Anzal Amin
ISLAMABAD: Minister for Finance and Revenue Senator Ishaq Dar Monday blamed “technical reasons” behind the de-lay in the stalled International Monetary Fund (IMF) programme’s revival, claiming that no strings were attached re-garding the country’s nuclear programme to the loan.
Pakistan has been hosting an IMF mission since early February to negotiate the terms of the deal, including the adop-tion of policy measures to manage its fiscal deficit ahead of the annual budget due around June.
The funds are part of a $6.5 billion bailout package the IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations.
Veteran politician Senator Raza Rabbani had raised concerns about whether the delay in the staff-level agreement with the Fund has anything to do with the country’s strategic assets, including the nuclear and missile programmes. In response to Rabbani’s concerns, Dar had on the floor of the Senate stated that the coalition government would not compromise on its nuclear programme for reviving the stalled IMF loan facility.
But this prompted further speculation and Pakistan Tehreek-e-Insaf (PTI) Vice Chairman and former foreign minister Shah Mahmood Qureshi also demanded an explanation from the government. In response to a query, IMF resident representative in Islamabad Esther Perez Ruiz rubbished claims and denied at-taching any strings to the External Fund Facility (EFF). “I want to be categoric that there is absolutely no truth to this or any insinuated link between the past or current IMF supported programme and decision by any Pakistani government over its nuclear programme,” the official said.
In a statement today, the minister said his comments on the Senate’s floor were in response to a colleague senator’s specific question, wherein, he emphasised that Pakistan has a sovereign right to develop its nuclear program, as it best suits “our national interests, without any external dictation”.
“….. Which, by no means should in any way whatsoever be linked with the ongoing negotiations with the IMF,” the finance minister — who assumed office in September last year — said.
FinMin Dar clarified that neither IMF nor any other country has attached any conditionality or made any demand from Pakistan with regards to the nation’s nuclear capability.
The finance minister added that the delay in IMF staff-level agreement is purely due to technical reasons, for “which we are continuously engaged with the IMF in order to conclude it at the earliest”.
