Fawad Chaudhry says tough decision to stabilize recovery program

Fawad Chaudhry

ISLAMABAD: Information Minister, Fawad Chaudhry says that the government had no plans to go to IMF, International Monetary Fund. Due to uncalled for circumstances and the recent economic situation has forced us to take this tough decision to stabilize the economic recovery program.

He further said that the government will not stop accountability no matter what obstacles it faces. Fawad Chaudhry said that $8 billion were to be paid for loans this year and as priority overseas Pakistanis would be given multiple opportunities to invest in Pakistan.

We need to hold each one of those accountable who plundered national wealth to boost their own wealth and bring the country to this status. Said the information minister.

“The government inherited 6.6% of the fiscal deficit, more than trillions of rupees of the unaccounted and untraced amount for losses in the energy department and unprecedented and debilitating current account deficit running at $2 billion a month. To undo the underlying inequities, fiscal and monetary actions needed to be undertaken without delay.” Chaudhry said