Prime Minister Shehbaz Sharif on Friday expressed gratitude to a “friendly nation” for providing financial assistance to Pakistan even before finalizing an agreement with the International Monetary Fund (IMF) for the next bailout tranche. Ah, news reported.
“Our understanding was that the friendly country would be involved once the agreement with the IMF was finalized.” But to our surprise, that allied nation a few days ago conveyed to us that they are giving it [financial help] to us immediately,” the prime minister said while addressing the National Action Plan (NAP) review meeting in Islamabad on Friday.
He added that such gestures can never be forgotten.
“There are many such sincere contributions of theirs in the past for Pakistan,” he said, stressing that the country should put its house in order to come out of this situation.
“No one would come to Pakistan’s aid if the country did not put its house in order,” the prime minister said.
Prime Minister Shehbaz said that political stability is inevitable for economic growth.
“Unfortunately, a certain political faction is taking to the streets creating instability in the country.
He said the government had agreed to “tough conditions” set by the IMF as it was putting Pakistan first.
He said the coalition partners put their political capital on the line for the sake of the motherland.
“Our biggest responsibility is to play our part in course correction for the progress and development of the people of Pakistan and we accept this responsibility,” he said, expressing confidence that Pakistan would soon come out of the prevailing economic crisis.
The Prime Minister hopes that the agreement with the IMF will be implemented soon.
Acknowledging Pakistan’s sacrifices in the fight against terrorism, he said around 83,000 people had laid down their lives.
He said the security forces are determined to maintain peace and stability in the country.
Pakistan is currently grappling with a number of issues on the domestic front, including rising terrorism and an economy struggling with a severe shortage of foreign exchange.
The low level of foreign reserves has resulted in multiple lows for the currency this year.