WASHINGTON- The International Monitory Fund (IMF) has said the Nawaz Sharif government has cut the load shedding hours and Pakistan has seen a surge in its economy.
Talking to Private TV, IMF Pakistan Mission head Jeffery Franks said: “We are approving loan since the Nawaz- government seems resolved to introduce economic reforms”. He said the government has collected more taxes and it seems economic reforms will continue. Franks said that several IMF programs with Pakistan could not succeed, as when the officials face financial difficulties, they make all sorts of pledges, but sooner they get out of the crisis, they forget to fulfill them. He said this practice must now end. IMF Pakistan Mission chief said it seems the new government would meet the promises made relating to reforms, particularly in energy and taxation system.