To get the IMF money, Sharif has to Slash defence expenditure, which is 21% of the budget. But this could be political suicide.Raise sales tax across the board by 15%. But faced with the wrath of traders, he has withdrawn this.But if IMF pulls outOther multilateral lenders may back offForeign investment, already miniscule at $282 million in 1998-99, will dry upPakistan's economy will go into an even sharper decline
To get the IMF money, Sharif has to Slash defence expenditure, which is 21% of the budget. But this could be political suicide.Raise sales tax across the board by 15%. But faced with the wrath of traders, he has withdrawn this.But if IMF pulls outOther multilateral lenders may back offForeign investment, already miniscule at $282 million in 1998-99, will dry upPakistan's economy will go into an even sharper decline