Pakistan will end its dependence on foreign aid, the Prime Minister said - this will be the last agreement with the IMF
Pakistan: Shahbaz Sharif, while addressing the nation on Saturday, expressed hope that the next agreement with the IMF for the relief package will be the last in the history of Pakistan. Sharif said this while addressing the nation on the completion of 100 days of his government.
Muskan 
Pakistan's Prime Minister, Shahbaz Sharif, emphasized his determination to ending Pakistan's reliance on foreign aid and the International Monetary Fund (IMF) bailout package, as well as to gaining economic ground in neighboring countries. He has proposed a number of significant changes to lower the government's spending and revitalize the economy.
In his address to the nation on Saturday, Shahbaz Sharif expressed hope that the next deal with the IMF for the relief package would be the last in Pakistan's history. Sharif remarked on this when addressing the country on the occasion of his government's 100-day anniversary. The Pakistani government is now in talks with the IMF about a loan of six to eight billion dollars. Pakistan is trying to bring the slowing economy back on track. Sharif stressed that every penny will be spent on the progress of the country and its people. He expressed his commitment to reduce expenditure and provide education and skills to the youth within five years.
Prime Minister Shahbaz Sharif said 'Insha Allah, this will be the last program of IMF in the history of Pakistan. We will stand on our own feet and will also leave our neighboring countries behind in terms of economic development.' Sharif took oath as Prime Minister on March 4. Sharif said 'There are countries in the world, which once took help from IMF and after that they never needed IMF. We have taken help from IMF 24-25 times, but I assure you today that the next agreement with IMF can be the last in the history of Pakistan.'
Sharif said 'Now we will talk to the countries of the world about trade and not about taking loans. I think that only in this way Pakistan will be able to get out of the debt trap.' Sharif said that some tough decisions will have to be taken for the welfare of the country. Sharif decided to abolish all those institutions, ministries, and other departments that were a burden on the treasury and were not engaged in public service. This decision can save billions of rupees of taxpayers.
