Pakistan to hopefully receive $2bn from IMF, says PM Shehbaz

Picture source - APP

Prime Minister Shehbaz Sharif has said that Finance Minister Miftah Ismail had informed him that Pakistan could receive a total of $2 billion from the International Monetary Fund.

In a conference titled ‘Turnaround Pakistan’ organised by Federal Planning and Development Minister Ahsan Iqbal, the premier in his address stated that their goal was not to get more money, but be self-reliant.

PM Shehbaz said that for the country to grow and become prosperous, all had to work together.

Earlier, hours before the premier’s address at the conference, finance minister announced that the country had received combined economic and financial targets for the seventh and eighth reviews of its IMF bailout programme.

While talking about a mega project in Bangladesh, PM Shehbaz said that it was a big achievement, adding that Pakistan was not lacking in resources.

The premier also discussed the issue of edible oil and said that they wrote to the Indonesian president and spoke with him regarding this problem. He added that a minister went there on their own expense and stayed there until the vessels left for Pakistan.

PM Shehbaz also expressed disappointment in the 1,200-megawatt Haveli Bahadur Shah Power Plant project that was set up by the former Pakistan Muslim League-Nawaz government and was still not completed.

He also thanked the nation for understanding the government’s difficult decision to increase the rate of petrol.

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