ISLAMABAD, Pakistan: The Special Assistant to the Prime Minister on Information Dr Firdous Ashiq Awan has said that the Pakistan Tehreek-e-Insaf (PTI) government will soon be able to overcome economic challenges through its reform programme, and the Country will be put on a trajectory to progress and prosperity.
In a statement issued on Monday, the special assistant that the government struck an agreement with the International Monetary Fund (IMF) to improve economic condition of the Country and for benefit of people.
Dr Firdous Ashiq Awan said that the Country faced economic crisis due to maladministration and corruption of the previous rulers.
The special assistant further said that “Ehsas Program” will be expanded and its budget will be enhanced from Rs 100 billion to Rs 180 billion.
سابقہ حکمرانوں کی بدانتظامی اور بدعنوانی کی وجہ سے ملک معاشی بحران کا شکار ہوا۔حکومت نے ملک کی اقتصادی حالات کو بہتر بنانے کے لیے ملک اور عوام کے مفاد میں آئی ایم ایف سے معاہدہ کیا ہے۔۔۔۔معاون خصوصی وزیراعظم برائے اطلاعات و نشریات ڈاکٹر فردوس عاشق اعوان کا بیان۔۔۔@Dr_FirdousPTI pic.twitter.com/6LOdB3RedH
— PTV News (@PTVNewsOfficial) May 13, 2019
Earlier on Sunday, the Prime Minister’s Advisor on Finance Dr Abdul Hafeez Shaikh said in an interview with PTV that a loan programme has been finalized with the IMF under which, Pakistan would get US$ 6 billion in three years.
Hafeez Shaikh said that an additional amount of US$ two to three billion may likely come from World Bank and Asian Development Bank (ADP) on less interest rate.
The advisor on finance said that the IMF programme will be implemented after its formal approval from the fund’s board. He said that the agreement will improve debt situation and send a positive signal to the world to attract foreign investment.
The Pakistani authorities and the IMF team have reached a staff-level agreement on economic policies that could be supported by a 39-month EFF for about US$6 billion, subject to approval by the Executive Board. IMF’s Ramirez Rigohttps://t.co/LCOZ08K6iL
— IMF (@IMFNews) May 12, 2019