Pakistan approaches IMF on bad economic conditions: Dr. Hafeez Shaikh

KARACHI: Pakistan has approached the IMF for a new loan program due to bad economic conditions of the country, Advisor to Prime Minister on Finance Dr. Hafeez Shaikh said on Thursday.

Advisor to PM Dr. Hafeez Shaikh was addressing a press conference at Governor House, Sindh. Governor Sindh Imran Ismail and Chairman Federal Board of Revenue (FBR) Shabbar Zaidi was also at the press conference. A large number of businessmen were also at the event.

He said that in order to strengthen the economic condition the government had planned sort-, medium- and long term programs.

The advisor and the FBR chairman briefed about the IMF loan program and amnesty scheme.

Imran Ismail said that the government wanted to resolve industries problem at their doorstep.

In this regard Sindh Industrial Liaison Committees were formed to speed up the resolution process.

On the occasion, FBR chairman said that the latest amnesty scheme was supported by the entire business community.

He said that amnesty scheme would generate sizeable revenue which would bode well for the country’s economy.

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