Govt has taken strict decisions to save the country from bankruptcy, says Miftah Ismail

ISLAMABAD (Web Desk) – Finance Minister Miftah Ismail has said that the government has taken strict decisions to stabilize the economy and save the country from bankruptcy.

In a statement, he said that the matters related to International Monetary Fund will be resolved in few days. It will help the country to be back on the right track. “The staff level agreement with the IMF is also expected by the next week.”

He said that the government has requested the IMF to enhance the loan from six billion dollars to eight billion dollars besides extension in its tenure up to four years.

Miftah Ismail said that the government is presently not in a position to provide low rate petrol to the masses. However, he reiterated the government's commitment to reduce the petroleum prices if it comes down in international market.