- The Prime Minister says that the government has prepared a list of items that need to be imported.
- The IMF team will stay in Pakistan from January 31 to February 9.
- The Prime Minister inaugurated the Green Line Express train service.
The Prime Minister Shahbaz Sharif said on Friday that he would be able to reach a deal with the government International Monetary Fund (IMF) this month for the ninth review of the Extended Fund Facility.
Addressing the inauguration ceremony of the Green Line Express train, the Prime Minister said that I hope that we will soon reach an agreement with the IMF this month and we will come out of these difficulties and then multilateral and bilateral institutions will be ours. Will work together. Service at Margalla Train Station.
The Prime Minister said that in view of the precarious situation of foreign exchange reserves, the government has prepared a list of items that need to be imported as per their requirement.
He added that the list includes food and medical items.
He questioned that ‘how long Pakistan will depend on others to run its affairs,’ adding that this journey is difficult but not impossible, but they have to work day and night to get out of this crisis.
Commenting on the Green Line Express train service, the Prime Minister said that the foundation stone laying ceremony of this project was held during the tenure of his brother Nawaz Sharif, but like other projects, it also failed to take off.
Khawaja Saad Rafiq worked hard for the improvement of railways. Look at the condition of railways after Saad Rafiq, Prime Minister Shehbaz Sharif said that like other departments, Pakistan Railways is also suffering from problems.
The Prime Minister said that he has a desire. ML 1 It has not been subjected to “unwarranted accusations” and added that unwarranted allegations of corruption have been made against Chinese companies and relations with Beijing have been damaged.
The IMF team will arrive by the end of the month.
The Prime Minister’s assurance came a day after the international lender’s representative in Pakistan said an IMF delegation would soon visit Pakistan to learn details of the review of the stalled Ninth Expanded Fund Facility.
With Islamabad grappling with a severe economic crisis as foreign exchange reserves are at their lowest level in more than eight years and the Pakistani rupee has fallen to historic lows, the government is now eyeing a revival of the bailout program. occurred because it is close to the default risk.
“At the request of the authorities, a personal fund mission will visit Islamabad from January 31 to February 9 to continue discussions under the ninth EFF review,” said Esther Perez Ruiz, IMF Resident Representative in Pakistan. Geo.tv on Thursday.
The representative noted that the delegation will focus on several policy areas during its meetings with Pakistani officials, who are now taking steps to meet the funding requirements for program rehabilitation.
“The mission will focus on policies to restore domestic and external sustainability, including strengthening the fiscal position with sustainable and high-quality measures supporting the vulnerable and flood-affected; restoring the viability of the power sector; and reverse the persistent accretion. Revolving credit; and restore the proper functioning of the FX market, allowing the exchange rate to offset the FX deficit.”
He said that strong policy efforts and reforms are critical to reduce the current high level of uncertainty, strengthen Pakistan’s resilience, and secure financial support from government partners and markets that are critical to Pakistan’s sustainable development. are