PM confident of deal with IMF current month

Islamabad: Prime Minister Shehbaz Sharif on Friday expressed confidence that Pakistan would conclude a deal with International Monetary Fund (IMF) the current month in a bid to overcome the financial challenges.

Addressing here at the launch of the Green Line train service between Islamabad and Karachi, the prime minister said the headway in talks with IMF would help the country address the current economic situation.

The IMF delegation will be visiting Islamabad from January 31 to February 9 to continue discussions regarding the ninth review of the $7 billion Extended Fund Facility (EFF).

The prime minister emphasized the adoption of austerity at a massive scale to tackle difficult economic problems.

He said the government had set its priority keeping in view its foreign exchange reserves, thus allowing the import of medicine and food as essential items.

He said courageous nations stand united while braving the challenges with resilience.

Shehbaz Sharif expressed confidence that with dedication and commitment, the country would soon regain its glory.

He regretted that the Green Line project, which was initiated during the tenure of then prime minister Nawaz Sharif, was delayed by the previous government in a mala fide.

He endorsed the concept of outsourcing Pakistan Railways to make it better equipped and at par with contemporary services.

The prime minister said Main Line-1 (ML-1) railway track was a top priority for the government and mentioned that China was committed to its early completion.

He pointed out that the previous government indulged in baseless accusations of corruption against Chinese companies, and stressed that the coalition government was working on restoring the ties.

The new train service comprising modern coaches imported from China was launched from the Margalla train station, Islamabad.