Pakistan has failed to get any indications from the International Monetary Fund (IMF) on the release of the final tranche of an $11.3 billion loan package, it was reported here Tuesday.
A Pakistani delegation to the IMF-World Bank spring meetings in the US is returning without any understanding on the release of the final instalment, the Dawn reported.
1 - Economic Times
According to the Express Tribune, “Officials said that the next loan programme, if approved by the IMF, is likely to revolve around the conditions of restructuring the public sector enterprises that includes shedding the workforce—a condition that may put the PPP-led coalition government in an awkward situation ahead of the general elections scheduled for 2013.”
2- World Socialist Web Site
The same recipe as usual: implement regressive taxes, end subsidies, fire workers, drive down wages, and open up the country for looting (although yes, Pakistan is looted plenty already by domestic capitalists).