Prime Minister Shehbaz Sharif has signalled that the new International Monetary Fund (IMF) programme is likely to be continued for three years.
“New tranche of loan is likely to be received from the IMF in a few days, however, we would need another programme,” he said while addressing the session of the Special Investment Facilitation Council’s (SIFC) apex committee attended by civil-military leadership on Thursday.
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The premier said that civil-military leadership, including elected lawmakers from different political parties, gave a clear message of unity for development, and prosperity of the country by attending today’s session.
He added that the former coalition government, comprised of 13 political parties, decided to prioritise the country over their politics.
“There are major challenges to national economy. The SIFC is an important platform which was primarily establishment to remove hurdles in foreign investments, and it held several meetings during the last eight months.”
PM Shehbaz emphasised on introducing reforms under the IMF programme as the country needs macroeconomic stability. “We have Rs9 trillion revenues, which should be Rs13 to 14 trillion.”
