Sat, 23 Sep 2023

PM Shehbaz Sharif pins hopes on IMF deal this month

Khalid Umar Malik
07 Jun 2023, 15:32 GMT+10

ISTANBUL, Turkiye - Pakistan and IMF Expected to Finalize Long-Awaited Loan Deal, According to Prime Minister Shehbaz Sharif

In an exclusive interview with Turkish news agency Anadolu, Prime Minister Shehbaz Sharif expressed optimism that Pakistan and the International Monetary Fund (IMF) would reach a crucial loan agreement this month.

The premier stated that the ninth review conducted by the IMF would align with all terms and conditions, hinting at potential positive outcomes in the near future.

Sharif emphasized that Pakistan had diligently fulfilled every requirement set forth by the IMF as prior actions.

When asked about contingency plans in the event of unsuccessful negotiations with the IMF, he underscored the resilience and fortitude of the Pakistani nation. The prime minister acknowledged that the people of Pakistan had confronted challenges in the past and would be prepared to tighten their belts and rise again if necessary.

He further stated that his government had effectively managed challenges with the support of the Pakistani people and friendly nations.

Highlighting the bilateral relations between Pakistan and Turkiye, the premier described them as "one soul, two hearts that beat together."

He congratulated the people of Turkiye on President Erdogan's re-election, considering it a significant and positive development.

Prime Minister Sharif expressed his commitment to enhancing cooperation between Pakistan and Turkiye in various sectors, particularly biogas, solar energy, and hydropower, to boost trade and foster mutual growth.

The imminent loan deal between Pakistan and the IMF is anticipated to bring much-needed financial support and stability to the country, empowering it to address critical economic challenges and pave the way for sustained growth and development.

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