New IMF program crucial for economic stability: PM

In order to stabilise the nation’s economy, Prime Minister Shehbaz Sharif announced on Thursday that the government intended to begin a new initiative with the International Monetary Fund (IMF).

Speaking to those attending the cabinet meeting he was chairman of, he stated, “With the new IMF programme, the international institutions will have more trust on us and we will be able to move forward on the agenda of development and prosperity with more confidence.”

He stated that this month, the finance minister would travel to Washington with a group to take part in the IMF spring meetings, when he will also talk to the IMF about the specifics of the new programme.