Real success lies in getting rid of debt, says PM

The final $1.1 billion tranche of Pakistan’s $3 billion Stand-By Arrangement (SBA) was approved by the International Monetary Fund (IMF) on Tuesday. According to Prime Minister Shehbaz Sharif, the “real success” of the SBA will be in eliminating Pakistan’s debt.
PM Shehbaz expressed satisfaction over the clearance of the third tranche by the Washington-based lender, which has previously disbursed $1.9 billion to Pakistan under the arrangement, saying, “Real success lies in getting rid of the debt and not securing [another] loan [tranhce].”
The prime minister praised the efforts of the financial team, particularly Finance Minister Muhammad Aurangzeb, stating that the $1.1 billion tranche will “bring more economic stability”.
The prime minister went on to say that the government made difficult and harsh choices about the economy.