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PM Imran 'optimistic' govt may not need IMF bailout
Following increasing criticism from opposition parties, Prime Minister Imran Khan on Wednesday expressed the hope that the government might not have to turn to the International Monetary Fund (IMF) for a bailout with the looming economic disaster, Express News reported.
He remarked while speaking with representatives of journalist bodies including the All Pakistan News Papers Association (APNS), Pakistan Broadcasters Association (PBA) and Council of Pakistan Newspaper Editors (CPNE).
Last week, Islamabad had formally applied for IMF assistance to deal with the impending balance of payments crisis. Though, it isn’t clear as yet how much financial help Pakistan could be requiring, PM Imran said that the country could need around $12 billion to deal with the problem.
A team of IMF officials is scheduled to visit Islamabad on November 7 for talks on the size of the loan facility that the government in Islamabad would be requiring.
The premier said the country’s economy is in dire straits and its every sector, the government has analysed, was found in the doldrums.
PM Imran, however, said the government had already approached its close allies seeking their financial assistance with a positive response being given by them.
While blaming the Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) rules, the prime minister said the previous governments have drowned us in debt. “The loans taken had not even been utilised properly.”
PM Imran, who is also chairman of the ruling Pakistan Tehreek-e-Insaf (PTI), said he is hopeful that the PTI government would not need financial assistance from international borrowers.
He went on to say that after taking tough decisions in the first six months of his government’s tenure, the masses would be given relief which would usher in a new era in the country’s history.
In the meeting with media representatives, the prime minister also announced the withdrawal of 5% duty on news print.
He also lauded the role played by the media saying: “I would not be in the position I am in today, if media wouldn’t have played its due role.”
https://tribune.com.pk/story/1828112/1-pm-imran-optimistic-govt-may-not-need-imf-bailout/
Following increasing criticism from opposition parties, Prime Minister Imran Khan on Wednesday expressed the hope that the government might not have to turn to the International Monetary Fund (IMF) for a bailout with the looming economic disaster, Express News reported.
He remarked while speaking with representatives of journalist bodies including the All Pakistan News Papers Association (APNS), Pakistan Broadcasters Association (PBA) and Council of Pakistan Newspaper Editors (CPNE).
Last week, Islamabad had formally applied for IMF assistance to deal with the impending balance of payments crisis. Though, it isn’t clear as yet how much financial help Pakistan could be requiring, PM Imran said that the country could need around $12 billion to deal with the problem.
A team of IMF officials is scheduled to visit Islamabad on November 7 for talks on the size of the loan facility that the government in Islamabad would be requiring.
The premier said the country’s economy is in dire straits and its every sector, the government has analysed, was found in the doldrums.
PM Imran, however, said the government had already approached its close allies seeking their financial assistance with a positive response being given by them.
While blaming the Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) rules, the prime minister said the previous governments have drowned us in debt. “The loans taken had not even been utilised properly.”
PM Imran, who is also chairman of the ruling Pakistan Tehreek-e-Insaf (PTI), said he is hopeful that the PTI government would not need financial assistance from international borrowers.
He went on to say that after taking tough decisions in the first six months of his government’s tenure, the masses would be given relief which would usher in a new era in the country’s history.
In the meeting with media representatives, the prime minister also announced the withdrawal of 5% duty on news print.
He also lauded the role played by the media saying: “I would not be in the position I am in today, if media wouldn’t have played its due role.”
https://tribune.com.pk/story/1828112/1-pm-imran-optimistic-govt-may-not-need-imf-bailout/
