PM Shehbaz still hopes for loan deal with IMF

Published: 09:06 PM, 14 Jun, 2023
Pakistan
PM Shehbaz still hopes for loan deal with IMF

Prime Minister Shehbaz Sharif has expressed the hope to finalise a loan revival agreement with the International Monetary Fund (IMF), saying Pakistan has fulfilled all the conditions, reported 24NewsHD TV channel.

The prime minister on Wednesday inaugurated Captain Kernal Sher Khan Shaheed Avenue formerly known as IJP Road and Seventh Avenue Overhead Bridge on Srinagar Highway besides performing ground-breaking of Eleventh Avenue in Islamabad.

Addressing a ceremony, Shehbaz Sharif said he was also confident of a loan deal with the IMF as Pakistan’s case is very strong by fulfilling all the conditions.

The prime minister further said that Pakistan is importing oil on discounted rates from Russia. “The Russian oil is cheaper by 15 dollars per barrel as compared to the international market,” he added.

He regretted that the poor performance of previous government delayed execution of important development projects. He however said that they have accelerated work on them and work on the ongoing projects in the federal capital will be completed by next month.

Shehbaz Sharif announced an electric bus service will also be launched in the capital city, for which the buses will reach by 15th of next month. The Prime Minister said a solid waste management system is also being introduced in Islamabad on the pattern of Lahore.

Shehbaz Sharif said that the IJP Road has been named after Captain Kernal Sher Khan Shaheed to recognize the services and sacrifices rendered by the martyrs for the nation.  He said only those nations remain successful which remember the sacrifices of their martyrs.

The prime minister said that May 9 acts not only aggrieved the entire nation but also bowed our heads down in embarrassment.  He said today the propaganda of a political party regarding regime change stands fully exposed.

Shehbaz Sharif said relief has been given to the people in the budget. Referring to the increase in the salaries and pensions of employees, he said the budget envisages several initiatives for the youth. He said laptop scheme for the youth will be launched next month and this year 100,000 laptops will be distributed amongst the youth.

He expressed the commitment to steer the country collectively out of difficult situation. He however stressed that political stability is a must for economic stability.

Speaking on the occasion, Interior Minister Rana Sanaullah said the government will continue the journey of serving the country. “Even the Chinese are impressed with the Shehbaz Speed for carrying out development projects,” he added.

Categories : Pakistan Tags :

News Desk