ISLAMABAD: Federal Minister Faisal Wada on Friday said since taking power, the Pakistan Tehreek-e-Insaf (PTI) government had reiterated that it would explore multiple avenues in order to revive the economy.
Talking to a private news channel, he said Pakistan desired to boost bilateral cooperation with all the countries.
The government had taken the 'difficult decision' to approach the International Monetary Fund (IMF) for a bailout package to address the mounting debt issue faced by the country, he said.
The minister revealed that Prime Minister Imran Khan had given the go-ahead to open talks with the fund, after consulting economic experts and stakeholders.
The negotiations with IMF was aimed at reaching a "stabilisation recovery programme" which could be used to tackle the economic challenges, the minister said.
The government wanted to have a "minimum impact" on low-income class after approaching the IMF, he said adding that burden would be passed on to wealthy people.
He said everyone was fully aware of the difficult economic conditions left by the previous PML-N government.
He added that the PTI government had decided to bring the country back on right track with solid measures.
The previous governments had done many objectionable activities which had damaged the economy.
To a question, the minister said Prime Minister during his visit to Saudi Arabia had not demanded any bailout package but it was indication that Saudi Arabia would invest 10 billion dollar in Pakistan.
Faisal Wada said that we need time to remove debris and criminal acts done by the previous government.
The last PML-N government had done nothing for the poor, on the other hand the PTI government was taking
concrete measures to ameliorate the living standard of them.
To another question, the minister said if Ishaq Dar, the former finance minister, was a good minister then he should face the corruption cases in Pakistan.
He said, Information Minister Fawad Chaudhry, had criticised the PML-N and PPP in the Parliament as both the governments, he added did nothing for poor people except plundering national money.