ISLAMABAD: Gerry Rice, spokesperson of the International Monetary Fund (IMF) on Friday in an online briefing to the Pakistani officials said that the financial watchdog wants reforms within the country.
According to details, Gerry in an online briefing told the officials of Pakistan that the recent program will enhance the economic stability in the country and will reduce the burden of foreign debts.
She said, “The recent program will increase economic stability in Pakistan and the IMF want to see a stable Pakistan.”
“IMF completed the staff-level negotiations with Pakistan on May 12,” added Gerry.
“Pakistan and IMF held talks for a bailout package of USD6 billion,” he further said.
“However, this package will increase the cost of welfare projects in Pakistan,” said Gerry.
“This package will be utilized in improving the human development and infrastructure,” he concluded.
It is pertinent to mention here that Pakistan is all set to acquire a bailout package from the IMF to sail out of the economic crisis.