Pakistan’s Prime Minister, Shehbaz Sharif, has declared that the country is no longer at risk of defaulting on its debts and is optimistic that an agreement with the International Monetary Fund (IMF) will soon be reached.
Premier Shehbaz Sharif recently stated to the Council of Pakistan Newspapers Editors (CPNE) that the apprehension of Pakistan defaulting on its debts had been resolved, and that an agreement with the International Monetary Fund (IMF) was imminent.
He claimed that his administration was making every effort to pull the nation out of its economic crisis and had successfully avoided a potential default.
The Prime Minister revealed that despite inheriting an economy in dire straits, his administration had managed to get past the fear of default through unwavering efforts and persistence.
He did admit, though, that the IMF agreements would continue to have an effect on people for some time. The previous administration was charged with willfully breaking its IMF agreements, endangering the stability of the nation’s finances.
Shehbaz Sharif asserted that a deal with the IMF would release a crucial $1.1 billion, preventing Pakistan from going into default on its debt obligations and opening the door for aid from other friendly countries.
As a result, the cash-strapped country is running out of time to implement the necessary measures to conclude the ninth review of a $7 billion loan program at the IMF. The review has been postponed since last year due to a policy framework.
Furthermore, the Prime Minister addressed the recent Zaman Park incident, in which law enforcement agencies clashed with supporters of the PTI. He claimed that PTI leader Imran Khan had disobeyed the courts, despite the fact that PML-N leaders like Rana Sanaullah and Nawaz Sharif had consistently appeared in court without being rebuffed.
Additionally, he denied rumors that the PML-N was reluctant to participate in elections and declared that his party would do so in accordance with the rules established by the Election Commission.
