Prime Minister Shehbaz Sharif on Monday said the first tranche of $1.1 billion from the International Monetary Fund (IMF) will be given to the country in July.
Addressing a meeting of the federal cabinet, the premier said, “Whoever will be voted into power should work on the policy framework. I am hoping that this is the last time we approach the international lender”.
PM Shehbaz praised the finance ministry for finalising the agreement with the IMF. “China has also helped us months before the IMF deal,” he added.
He continued, “Saudi Arabia and the United Arab Emirates (UAE) had also promised the country that they would each provide $2 billion and $1 billion, respectively. The COAS has played vital role in this regard.
The existing government, according to PM Shehbaz, will find solutions to the problems the county had been dealing with for the past 15 months.
The premier emphasised the need for political unity, saying, “No matter who would be elected to power. The country will achieve enormous development if we collaborate for up to 20 years”.
