Pak PM sees 'more burden' on masses as country scrambles to secure IMF deal
Prime Minister Shehbaz Sharif on Tuesday said he sees "more burden" coming on the already inflation-hit public as Pakistan scrambles to secure the International Monetary Fund's conditions for reviving the stalled USS 1.1 billion loan tranche.
Pakistan's economy is in dire straits. The country is awaiting a much-needed USD 1.1 billion tranche of funding from the Washington-based International Monetary Fund (IMF).
The funds are part of a USD 6.5 billion bailout package the IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations.
The prime minister, in an interview with the private Geo News channel, said joint efforts were being made by both his economic team and other national institutions to make the process a success.
The prime minister spoke at length on multiple national issues, including the one-year performance of his government, the economic situation and elections.
Sharif said that when he came into power, he and h