ISLAMABAD: Pakistan’s finance chief said on Friday the International Monetary Fund (IMF) bailout package was not likely to impede the country’s economic growth while addressing a gathering in Karachi.
The IMF provided a $6 billion lifeline to Pakistan in 2019 to ease the country’s economic challenges caused by a massive current account deficit.
However, the loan was offered under strict economic conditions that required the government to end subsidies, generate greater tax revenue and implement painful structural reforms.
Experts warned the IMF program would undermine Prime Miniter Imran Khan’s promise to build a future welfare state where underprivileged segments were going to find a more comfortable economic life.
“I do not think the IMF program is going to impede our 5 percent growth rate,” The Express Tribune quoted Tarin as saying. “If we remain within the range of 5, 5.25 and 5.5 percent, we will be fine.”
He said the government had already surpassed its revenue collection target by Rs230 billion until the current stage of the fiscal year, adding it was likely to cross the Rs6 trillion mark by the end of it.
The country’s finance chief also maintained a comprehensive economic plan and political will were imperative for Pakistan’s progress, reported the APP news agency.
He said the country was not too far away from the IMF’s recommended reforms, as the international financial institution continues to scrutinize the economic performance of the country.
Pakistan’s finance chief says IMF program won’t hurt economic growth
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Pakistan’s finance chief says IMF program won’t hurt economic growth
- Shaukat Tarin maintains the country is likely to surpass the Rs6 trillion mark in revenue collection
- The finance chief informs the country is not too far away from the IMF’s recommended reforms
Pakistan PM praises stuntman ‘Sultan Golden’ for breaking record for fastest reverse car driving
- Sultan Muhammad Khan drove one mile in reverse in just 57 seconds to set new world record, local media widely reported
- Khan previously broke world record for longest motorbike ramp jump in 1987, managing a 249-feet long jump in Lahore
ISLAMABAD: Prime Minister Shehbaz Sharif and President Asif Ali Zardari praised renowned stuntman Sultan Muhammad Khan, popularly known as “Sultan Golden,” for breaking the world record for fastest reverse driving a car on Saturday.
As per local media reports, Khan achieved the feat in the capital of Pakistan’s southwestern Balochistan province Quetta, when he drove one mile in reserve in just 57 seconds.
“Sultan Golden has made Pakistan proud across the world,” Sharif said in a statement released by his office.
The Pakistani prime minister said his government is committed to providing all possible facilities in every field of sports.
Zardari also heaped praise on the stuntman for setting the new world record.
“He said the achievement reflects the skill, courage and dedication of Pakistanis, strengthening Pakistan’s positive image globally and wished him continued success,” the president’s official X account wrote.
Khan has been performing stunts since the 1980s in Pakistan, a country where motorsports does not gain traction due to a lack of infrastructure and popularity of other sports such as cricket, football and squash.
Khan, who hails from the southwestern city of Pasni, earned the nickname ‘Golden’ early on in his youth for his iconic curly golden hair.
In March 1987, he entered his name in the Guinness Book of World Records when he performed the longest motorbike ramp jump in Lahore. Khan managed a 249-feet long jump, beating the previous record by two feet.
