IMF is said to have “ruined” Pakistan’s economy, according to Sheikh Rasheed.

The government has once again raised the prices of energy in response to the “IMF demand,” according to Sheikh Rasheed, who was speaking to journalists outside the ATC in Rawalpindi.

It is his contention that the International Monetary Fund has utterly destroyed Pakistan’s economy.

MNAs were arrested from the Parliament in the appropriate manner, he remarked. According to Sheikh Rasheed, “non-favorites” were released from remand to the police, while “favorites” were made available for discharge.

According to the former minister, not a single rally travelling from Rawalpindi to Islamabad in order to join the public rally held by the PTI in Islamabad on September 8 was successful.

The Federal Board of Revenue (FBR) is having trouble fulfilling its tax collection targets, which has led to the possibility that Pakistan would introduce a mini budget earlier in the day, according to sources.

For the first quarter of the fiscal year 2024-25, the Federal Board of Revenue (FBR) is required to collect a total of Rs 2,654 billion in taxes, with the required amount for September 2024 alone being Rs 1,190 billion.

According to the sources, the International Monetary Fund (IMF) may ask Pakistan to submit a small budget in order to finalize a loan package worth seven billion dollars if the Federal Budget Report (FBR) fails to meet the objective by the end of the first quarter (July-September).