Shehzad Ch Unveiled The Reality Of Formation Corps Commanders Meeting Decision | Dunya News

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The formation commanders of the Pakistan Army on Wednesday called for a tightening of the “noose of law” “around the planners and masterminds” that launched a “rebellion against the state and state institutions”, a statement issued by the military’s media wing said.

“It has been further stressed that, while the legal trials of perpetrators and instigators have commenced, it is time that the noose of law is also tightened around the planners and masterminds who mounted the hate-ripened and politically driven rebellion against the state and state institutions to achieve their nefarious design of creating chaos in the country,” the Inter-Services Public Relations (ISPR) said.

The latest report comes after it was earlier suggested that the Shehbaz-led government had decided to move ahead with the annual budget preparations without taking any dictation from the IMF.

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He said it would not work for Pakistan if the IMF combined the 9th and 10th review of the bailout, adding, "We will not do it, (we) see this is (as) unfair."

The IMF's $1.1 billion funding to Pakistan, which is part of the $6.5 billion Extended Fund Facility agreed in 2019, has been held up since November.

Islamabad hosted the IMF mission in February to negotiate a series of fiscal policy measures to clear the 9th review.

Pakistan had to complete a series of prior actions demanded by the IMF, which included reversing subsidies, a hike in energy and fuel prices, jacking up its key policy rate, a market-based exchange rate, arranging for external financing and raising over 170 billion rupees ($613 million) in new taxation.

The fiscal adjustments have already fuelled Pakistan's highest ever inflation, which hit 36.5% year-on-year in April.

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Reporting by Asif Shahzad; Editing by Alexander Smith
Our Standards: The Thomson Reuters Trust Principles.

Asif Shahzad
Thomson Reuters

Shahzad is an accomplished media professional, with over two decades of experience. He primarily reports out of Pakistan, Afghanistan regions, with a great interest and an extensive knowledge of Asia. He also reports on politics, economy, finance, business, commodities, Islamist militancy, human rights

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