Prime Minister Shehbaz Sharif on Thursday said the International Monetary Fund (IMF) was not ready to trust the PML-N government because of the actions of the previous government as he took the party senators into confidence over political and economic decisions.
The prime minister criticised the Pakistan Tehreek-e-Insaf (PTI) for pushing the economy to the brink of bankruptcy and said the PTI government led by Imran Khan signed an agreement with the international lender to increase the levy on fuel prices, but refused to abide by the agreement.
If the PTI had no intention of fulfilling the agreement then they should not have agreed to these conditions, said Shehbaz.
“It was a difficult moment for us,” he said and added that the country will face difficult times going forward.
The prime minister said the IMF deal would also pave the way for funds from the World Bank, Asian Development Bank, Islamic countries, and other money lending institutions.
It would be the job of the coalition government to consolidate these gains, he said, adding that Pakistan could not ask China and Saudi Arabia for money every time. "These countries must be wondering when will Pakistan stand on its own feet," he added.
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The premier further said the coalition government led by the Pakistan Muslim League-Nawaz (PML-N) will stay at the for the 14 remaining months.
In the meeting with the senators, Shehbaz said the coalition allies had initially planned to call snap elections after electoral reforms but later it was decided to complete the full term of the incumbent government.
Read PM Shehbaz hails budget for taxing the rich
Shehbaz also said the PML-N supreme leader, Nawaz Sharif, was not happy with the increase in the prices of petroleum products but it was necessary as the “state comes before the politics”.
The premier further said the government was aware of load shedding and was taking measures to eradicate the outages.
However, it will take some time to fix the issue. According to Shehbaz, he would “never lie” to the nation as the PTI did.