Minister of finance Ishaq Dar assured that Pakistan is on final terms with International Monetary Fund (IMF) and we are hoping to sign an agreement in next few days. He said that government is trying hard to revive the economy and will overcome the problems soon.
While addressing a seminar in Islamabad Ishaq Dar said that, “I and my team are absolutely committed to completing this programme to the best of our ability, We seem to be very close in signing a staff level agreement with IMF in next few days”.
Read more | Another IMF demand approved
He further said that country is currently in several challenges, past government has handed in the economy in the worst situation. We are trying to cope up with it in easy situations which would not burden the public at high levels.
Disruption in Economy
He further mentioned that previous government had agreed to a loan facility with IMF, but instead of honouring the commitments, they did’nt saved bank balance and caused a lot of disruption in economy. This caused a serious trust deficit with partners and Pakistan.
He said that, now whatever the situation will be the commitments of previous government should be fulfilled by us. The problems for Pakistan started in 2018 when former Prime Minister Imran Khan deviated from IMF programme.
Ishaq Dar mentioned that former government mislead the people causing low foreign investments and increased budget deficit. They just tried to damage the developmental institutes of Pakistan causing closure of almost every industry in Pakistan.
Ishaq Dar assured that final parts of agreement with International Monetary Fund are complete, a couple of issues are pending but it would be locked in next few days. He added that we would implement some more set of policies for current fiscal year to compete with the situations.