Prime Minister Shehbaz Sharif has said that nations do not develop with loans, we are forced to take loans, people should pray that this is the last IMF program.
The Prime Minister assured the people in the important press conference after the signing of the agreement between the Government of Pakistan and the International Monetary Fund (IMF).
Prime Minister Shehbaz Sharif says that it is important to know the cause of economic burden, suffering on the people, till 2018, Pakistan was developing rapidly under the leadership of Nawaz Sharif, the growth rate in 2017-18 was 6.2 percent.
He further said that Pakistan started to be counted among the fast growing economies, under the leadership of Nawaz Sharif CPEC was implemented rapidly.
The Prime Minister said that Imran Niazi was given power through the worst rigging, 2018 was the worst election in history, PTI government delayed the first IMF agreement by 6 months, later the IMF agreement was blown up. Some people made money by exporting and then importing wheat and sugar.
Shahbaz Sharif said that imports were made at the lowest bid in 12, 14 months, the heel peak was emphasized to make the country unstable, defamed Pakistan in every way, foreign countries and institutions of Pakistan. Withheld from help, there could not be a worse example of anti-nationalism.
The Prime Minister said that Nawaz Sharif put his capital at stake, everyone lost their capital, so that Pakistan would not be allowed to default, and took tough decisions for the economic stability of Pakistan.
Shahbaz Sharif said that he met MDIMF twice on the sideline, MDIMF spoke to me very seriously, told him that we did not accept any of your conditions, MDI MF said that he does not want Pakistan to default, he said that we will also move forward, you should also move forward. The Paris meeting was a turning point.
The Prime Minister said that there is a three billion dollar program for 9 months, the installments will start after the July board meeting.
He said that in the last three months, China saved Pakistan from defaulting, I have no words to thank China, Saudi Arabia made and fulfilled a deal of 2 billion dollars, UAE of 1 billion dollars. Promised, no words to thank the brotherly friendly countries.
The Prime Minister said that the incident of May 9 was a conspiracy to destroy Pakistan, the enemies inside and outside were involved in the conspiracy of May 9, they wanted the IMF program not to exist, to be destroyed, to create anarchy in the country. May was a great evil, the good thing was that ugly faces appeared.
It should be noted that Pakistan has signed a standby arrangement agreement with the IMF for 9 months, the International Monetary Fund will provide 3 billion dollars to Pakistan.
Staff level agreements will be subject to approval by the IFM Executive Board.
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