Islamabad (News Agencies) Minister of State for Finance Ali Pervez Malik has said that Pakistan has fulfilled all the conditions for the bailout package of the IMF, the bailout package will be more than 6 billion dollars. The objective was to get the IMF program, all the major steps have been taken in advance, and hopefully, in three to four weeks a staff-level agreement will be reached with the IMF. Speaking to a foreign news agency on Wednesday, Minister of State Ali Pervez Malik said that we hope that the IMF bailout process will be completed in three to four weeks, the basic position has been approved by the IMF, and now there are no major issues left.
No longer, all the big measures including the budget have been taken in advance. Undoubtedly, the budget reforms are a burden on the economy, but the IMF program is related to stability. Speaking on a private TV program, he said, "There is no doubt that this was a difficult budget. It was not an easy decision for the government, the budget was to be made with the partnership of the IMF, we had to meet their tax demand of 3 and a half thousand billion rupees, 100 billion dollars in the next 3 to 4 years. Financing required.
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