LAHORE: Prime Minister Shehbaz Sharif on Saturday said that Pakistan has fulfilled all the conditions of the International Monetary Fund (IMF) as he hoped that the global lender would have no excuse to delay the deal now.
Addressing a ceremony after reviewing construction work on the six-lane overhead bridge at Imamia Colony Railways crossing Shahdra N-5, the premier said the incumbent government inherited a “broken agreement” with the IMF.
He referred to the terms of the IMF for a loan agreement and said that the Pakistani government made every effort to meet the conditions.
“They even sought bilateral financial support from the friendly countries including China, which acknowledged our problems and also provided a rollover of $2 billion loan besides returning back previous debt amount paid by Pakistan”.
PM Shehbaz also expressed his gratitude to the Kingdom of Saudi Arabia and the UAE, saying the Arab states had committed a loan of $3 billion. He lauded the efforts of Finance Minister Ishaq Dar, Foreign Minister Bilawal Bhutto and Chief of the Army Staff for making efforts in this regard.
PM Shehbaz further said that the 2018 elections were rigged at a large scale. Talking about the Pakistan Tehreek-e-Insaf (PTI), he said development projects were halted during its tenure.
Speaking about the government’s free-flour scheme, the PM said it was a risky way and added it gave relief to the people.
He said that around 80 to 100 million people in Punjab benefitted from the scheme. While talking about the Orange Line, the premier said that “our Orange Line is better than Delhi Orange Line”. “The court gave the project a clean chit,” the premier said.