Prime Minister Shehbaz Sharif has welcomed Pakistan’s successful agreement with the International Monetary Fund (IMF), securing a $1.3 billion loan. He called it an essential step toward strengthening the country’s economy, with foreign reserves now reaching $8.3 billion.
The Prime Minister praised government officials for negotiating the deal without introducing new taxes. He highlighted the government’s efforts in achieving a record tax collection, which played a significant role in securing the agreement. He also emphasized the importance of ongoing economic reforms that are improving revenue generation and ensuring financial stability.
Shehbaz Sharif stressed the strong connection between peace and economic progress. He reiterated his commitment to supporting security initiatives across the country, recognizing that stability is crucial for attracting investments and fostering growth.
The IMF loan is expected to provide financial relief, strengthen Pakistan’s economic position, and boost investor confidence. The government is also focused on implementing structural reforms to address fiscal challenges and maintain long-term economic stability.
While celebrating this achievement, the Prime Minister acknowledged the efforts of all stakeholders involved in securing the deal. He emphasized that economic recovery remains a priority and that the government will continue working toward sustainable growth and development.
The agreement marks a positive development for Pakistan’s economy, offering renewed hope for financial stability and growth in the coming months.
