Pakistan will have to go for another programme with IMF: PM

ISLAMABAD: Prime Minister Shehbaz Sharif Tuesday said that Pakistan will have to go for another programme with the International Monetary Fund (IMF) to stabilize the ailing economy.

PM Sharif said this while addressing the Tax Excellence Awards a ceremony held to encourage taxpayers in the country in Islamabad.

The premier, when speaking about the dealings with the Washington-based lender, said that its programme has some “limitations” as it ensures economic stability.

“We have to do another IMF programme. It won’t work out without one. Rome was not built overnight,” the prime minister said.

He reiterated that a route will have been taken to ensure that as well as focus on the country’s growth, provide job opportunities to people and address inflation.

Commenting on tax collection in Pakistan, the premier said that it is the government’s priority to provide a better environment for taxpayers and that it is currently restructuring as well as plans to digitise the Federal Board of Revenue (FBR).

He termed the good tax collectors as “heroes” who will be given awards and medals. Meanwhile, he praised businessman Mian Mansha as the biggest tax payer of the country, as he paid tax worth Rs26 billion.

Pakistan Honour Card will be given to top tax payers, he said. “Those who are being given awards today will be given blue passports as honourary ambassadors of Pakistan.”

PM Shehbaz lamented the “mountain of debt” in the country which exists till date.

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He maintained that it is not the government’s job to do business, but to create an enabling environment for it.

The premier emphasised on the need for the private sector and the government to work together to ensure a smooth economy in the country.

“The government of Pakistan, alongside the provincial set ups, must help the private sector.”

PM Shehbaz said the voice of a nation is heard around the world if it’s economy is “strong”, as “no one listens to the voice of the weak”.

Addressing participants at the awards, the prime minister said that the government’s work on all policies has begun and that the decision-making process will have to be expedited.

He stressed on eliminating red tape, as it causes immense hindrances.

“Let us all move forward with these difficulties and challenges together,” he insisted, hoping to bring a positive change in the country.