Interim setup to abide by IMF deal: PM

Shehbaz attends third IPSG meeting, groundbreaking ceremony for developmental projects


July 26, 2023
Prime Minister Muhammad Shehbaz Sharif addresses the groundbreaking ceremony of Islamabad Model Special Economic Zone on Tuesday, July 18, 2023. PHOTO: PID

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ISLAMABAD/ DI KHAN:

Prime Minister Shehbaz Sharif has pledged unwavering commitment to the recent $3 billion agreement with the International Monetary Fund (IMF), ensuring that the interim setup taking over after his government's term would also fully adhere to the deal.

During the third meeting of the International Partners Support Group (IPSG), the prime minister emphasised that his administration had devised a comprehensive economic revival plan that requires foreign investment and technical assistance from friendly countries.

Also, the prime minister said despite the history’s most difficult period, the coalition government steered the country out of economic crisis.

During the last 16 months, the incumbent government faced the most difficult challenges like the devastating flood that had hit the country soon after taking charge of the office, he added.

The prime minister was speaking as the chief guest at an inaugural and groundbreaking ceremony of eight development projects in energy and communication sectors.

“We faced the devastating flood on one side, and inflation, the International Monetary Fund’s (IMF) pressure, and political crisis on the other. Such challenging problems have never been faced by me in my whole life,” he said. APP

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