IMF bailout package to restore confidence of foreign investors: Advisor to Finance Ministry

February 12, 2019: Adviser to the Ministry of Finance Dr. Ashfaque Hasan Khan has said that the International Monetary Fund (IMF) bailout package to Pakistan will give confidence to other international organizations to invest in Pakistan.

Pakistan's success in attracting foreign investment depends upon its competitiveness as an investment destination relative to other countries, he said while speaking in a Radio Current Affair program.

Adviser said Prime Minister Imran Khan has reiterated his commitment to introduce reforms in different fields including economic reforms

He further said, the hard IMF conditions can be painful for the people and Prime Minister wants to extend minimum burden towards the public, so the terms and conditions of IMF for bailout package could be adjusted accordingly.

Dr. Ashfaque said, the government and IMF will work together on reforms aimed at reducing imbalances.

IMF is not going to give a lot of money and it will be nearly six to seven billion dollars, he mentioned.

(APP)