IMF programme to boost country’s economy: Dr Abdul Hafeez Shaikh

KARACHI, May 16 (APP):Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh
Thursday said that country’s economy would be improved after implementation of IMF program.
Addressing a meeting with the business community at the Sindh
Governor House, he said that different programmes were needed for
the stabilization of economy of the country, according to a statement.
Also present in the meeting, Federal Board of Revenue (FBR)
Chairman Syed Shabbar Zaidi said that Amnesty Scheme is fully supported
by all the business community.
Sindh Governor Imran Ismail said that the government wanted to
address the problems of trade community and Sindh Industrial Liaison
Committee has been formed in this regard.
Later, addressing a press conference Advisor to Prime Minister on
Finance Abdul Hafeez Sheikh said the government is taking several
measures to improve economic conditions.
“The government has set three new priorities in the upcoming
budget which include fulfilling of basic masses needs, reducing
expenditures and increasing the tax collections,” said Hafeez Sheikh.
The Advisor said through this agreement Pakistan will get six
billion dollars on low interest rate from IMF while we would also get
two to three billion dollars from World Bank and Asian Development
Bank (ADB).
He said that prices of electricity would be increased, however the
consumers of less than 300 units would not be affected. The business
community has been consulted on budget.
Hafeez Sheikh said that the amnesty scheme would prove to be
fruitful for the economy of the country.
The Finance Advisor informed that the government would allocate
around 800 billion rupees for the development programs in the next
budget. The government has improved the governance.
He said Raza Baqir is well known and expert economist and Shabbar
Zaidi possess expertise in tax affairs.