ISLAMABAD: PM Shehbaz Sharif on Thursday (4th April, 2024) said that the government was planning to enter a new program with the IMF which he said, was vital to consolidate the country’s economy.

“With the new IMF program, the international institutions will have more trust on us and we will be able to move forward on the agenda of development and prosperity with more confidence,” he said while speaking with the participants of the cabinet meeting held here under his chairmanship.

PM informed that the finance minister was going to Washington this month with a delegation to participate in the IMF spring meetings where he will also discuss details of the new program with the IMF.

He said although the terms of the new deal would not be so easy, the government would shift the burden of the tough conditions from the less privileged to the wealthier.

Shehbaz Sharif hoped that after the IMF board meeting, the last tranche of existing standby agreement worth $1.1 billion will be disbursed to Pakistan this month.

With regard to PIA’s divestment, he said the privatization process of Pakistan Airlines was on track and the schedule set for the process would be fully implemented.

Newspakistan.tv