Minister of Finance, Shamsad Akhtar, has stated that in November, the IMFreview will take place, followed by the next phase of monetary measures.There is no unexpected decrease in the value of the Rupee, andfast-tracking World Bank loans could help us receive a $6 billion bailout.Our main focus is on revitalizing the economy.
According to reports, after the apex committee meeting of the ISI,caretaker ministers provided a briefing. Finance Minister Shamsad Akhtarmentioned that they are shifting the burden of loans from banks to thecapital market, working on devaluation, formulating State Enterprisepolicy, and activating cabinet committees. Shamsad Akhtar emphasizedworking as a team across all economic sectors.
Finance Minister Shamsad Akhtar also mentioned that there is no estimate ofthe size regarding smuggling in the country. Measures are being taken tocurb currency and goods smuggling, and positive effects are expected fromthese actions. The value of the Rupee is stable, and an IMF review isexpected in November. Fast-tracking World Bank loans could also facilitateeconomic recovery.
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It is anticipated that a $6 billion bailout will come to the country, andour focus is on reviving the economy. We also aim to remove restrictions onimports. Information Minister Murtaza Solangi stated that practicalmeasures are being taken to reduce government expenditures, promoteinvestment in the country, combat smuggling, and address issues withinternational agreements by keeping them in effect.
