— says ‘All requirements’ of IMF already completed
— says pakistan now in position for move forward with ‘full confidence’
ISLAMABAD: Minister for Finance and income Ishak Dar on Thursday said staff level agreement with The International Monetary Fund (IMF) will be signed in V next a few days like of V requirements had already has been completed.
“We are very close to signing an agreement with IMF and it will be done in V next a few days, he said minister speaking at the seminar “Restoring economic stability through strengthening of public financial management”, organized by the Ministry of finance is here.
minister said Pakistan Muslim League-Nawaz (PML-N) government had also completed full program with Fund previously in 2013-16 and was committed completing this even now, despite agreeing to the harsh conditions of the previous government.
He said broken economy was transferred over To coalition government, however, he showed commitment and sincerity to the state, acting on all tough conditions made previous government with IMF.
Ishaq Dar regretted this petty politics still playing over Pakistan economy spreading rumors of default, which he said was a completely nonsensical attitude.
He said bad economic crisis that coalition government even by inheritance more deeper and harder than this in 2013 and 1990s, but with maximum sincerity and reasonable policy of in the government the country came out of quagmire.
“Now we in provision for move forward with full confidence”, he said, adding that Pakistan has the ability to resist challenges because he had enormous resources to cope with in problems, but the only thing missing was the lack of of subsequence in politics and mismanagement in fiscal sector.
minister reported that the country’s debt-to-GDP ratio improved from 73% to 69% in several years, which meant there was no need worry about debt of a country.
He said that even developed countries such as the US and the UK had high debt-to-GDP ratios of over 100%, so “we need nothing to worry about”.
According to him, the country’s gold and foreign exchange reserves have increased. down because of fact What government only paid back debts and not get new debts for V last a few months.
Ishak Dar also invited all political parties to sit down together for solving long-standing economic problems of the country by eliminating their differences.
