Shehbaz Sharif, the prime minister of Pakistan, has pledged to put an end to Pakistan’s dependence on foreign aid and IMF loans, as well as to surpass neighboring nations in terms of economic activity. In his televised address to the nation, marking 100 days of his administration’s law, Sharif expressed wish that the next IMF offer would be the last in Pakistan’s history.
To avoid a default in the slow-moving business, the government is now negotiating with the IMF for a loan valued between USD 6 billion and USD 8 billion.
Sharif emphasized his dedication to lowering costs and ensuring that the children are educated and equipped within the next five decades. He said,” Inshallah, this will be the last IMF programme in Pakistan’s history. We will walk up and lead the world in terms of economic activity over our neighbors.
The Pakistan PM highlighted the importance of hard choices for the world’s pleasure and vowed to dismantle institutions, ministries, and departments that stress the national treasury and do not serve the public, possible saving taxpayers billions.
He even warned that the path forward is long, hard, and demands sacrifices from both government employees and individuals. Nevertheless, he assured that his government is committed to making a shift.
Sharif claimed that since taking office on March 4, inflation has decreased from 38 % to 12 %, and interest rates on loans have decreased from 22 % to 20 %. He also emphasized the need to combat corruption and inefficiency, particularly in the Federal Board of Revenue ( FBR ), which is undergoing 100 % digitalization.
He urged a coordinated effort to achieve these objectives and said that Pakistan could break the loan period by sticking to the system and objectives.” Every criminal, criminal, power thief, and tax evader is an enemy of the economy.”
( With agency inputs )
