August saw a sharp increase in Pakistan’s year-over-year inflation, which reduced household budgets to 27.4 percent. Exorbitant electricity costs that month sparked demonstrations across the nation. After first promising some assistance to the populace, the alarmed government eventually withdrew the offer, citing Pakistan’s IMF obligations.
Georgieva told Geo News that she thought this was in accordance with what Pakistan’s citizens wanted to see for their nation after meeting with acting Prime Minister Anwaarul Haq Kakar on the margins of the UN General Assembly on Wednesday.
In our program, we are pleading with you to defend Pakistan’s underprivileged population and collect more taxes from the wealthy. “I do think this is in line with what Pakistanis want to see for the nation,” you say.
The IMF chief later wrote in a post on X (previously Twitter) that she had an excellent conversation with the Pakistani PM regarding the future of the nation’s economy.
We came to the crucial conclusion that Pakistan needs strong policies to safeguard its most vulnerable citizens and to promote sustainable and inclusive growth, Georgieva continued.