Prime Minister Shehbaz Sharif heralded a momentous occasion as Pakistan received the final tranche of $1.1 billion from the International Monetary Fund (IMF), marking the completion of a significant phase. Reflecting on the journey, he recalled the pivotal role played during Nawaz Sharif’s tenure in 2016, highlighting how it steered Pakistan away from default.
Emphasizing the importance of economic stability, he expressed determination to utilize this opportunity to propel the nation towards development. The Prime Minister underscored his vision of true success, emphasizing liberation from debt over mere loan acquisition. Looking optimistically ahead, he expressed confidence in Pakistan’s path towards debt relief and economic prosperity.
Commending the dedicated efforts of his economic team and expressing gratitude to the IMF, he stressed the importance of international cooperation in Pakistan’s journey towards economic resilience. Meanwhile, the IMF’s decision, met with approval, acknowledged Pakistan’s strides in stabilization and modest growth, while also emphasizing the need for continued reform efforts to ensure sustainable recovery and inclusive growth, urging safeguarding measures for vulnerable sections of society and broader structural reforms. Deputy Managing Director Antoinette Sayeh applauded Pakistan’s progress but urged sustained fiscal discipline and reforms for stronger, inclusive, and sustainable growth.
