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Dubai Pakistani Prime Minister warns of knowledge of "painful" reforms



Pakistani Prime Minister Imran Khan said his people needed "painful" economic reforms to reduce their debts shortly after meeting with the IMF leader

At a World Government summit in Dubai on Sunday, Khan said his government faced a huge fiscal deficit when he started working in 2018, and tried to reduce it.

"Repeating reforms is painful … It's like an operation. and so far the patient is suffering, but it is getting better, ”said Khan

" The worst thing that can happen to the public is that you continue postponing the reforms because of the fear that you will have an opposition and your interests stand up and you

Before starting the scene, Kan met with IMF chief Christine Lagarde

Strong Package

Pakistan's state debt and liabilities are about $ 1

00 billion. Bank of Pakistan.

"I reiterated that the IMF is ready to support Pakistan," Lagarde said.

"I also stressed that decisive policies and a strong package of economic reforms would allow Pakistan to restore its economic resilience and lay the foundations for stronger and more inclusive growth."

Pakistan, a regular IMF debtor since the 1980s, last received the IMF rescue in 2013 Up to 6.6 Billion USD.

IMF and World Bank projections suggest that Pakistan's economy is likely to grow from 4.0 to 4.5 percent. For the financial year ended 2019 June Compared to 5.8 percent Growth in the last financial year

At the World Summit of the World Government, world leaders see the Burj al-Arab hotel in a luxury hotel near Dubai's symbolic sail

Big Investments

Two Saudi Arabian sources reported AFP news agency to Gulf King throne, royal prince, heir Mohammed bin Salman will soon visit Islamabad . 659004] It is expected that a number of important investment transactions will be signed during the visit

"The results of the negotiations so far have been very positive and will be one of Saudi Arabia's largest investments in Pakistan"

"We hope that the agreement will be signed in the run-up to Saudi Arabia Crown Prince to Pakistan, "the official said, asking for anonymity.

The Street Journal reported last month that Saudi Arabia and the United Arab Emirates, the largest Islamabad trading partner in the Middle East, offered Khan about $ 30 billion. US Dollars Investment And Loans.

Khan also visited Saudi Arabia, Qatar and Turkey as well as China. to look for investment in recent weeks.


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