Washington, April 16: Cash-strapped Pakistan would need two or three years to implement structural reforms prescribed by the IMF, Finance Minister Muhammad Aurangzeb has said, warning that the country would be looking for another bailout programme if it fails to go through these measures.
Aurangzeb said that Pakistan doesn’t need too many policy prescriptions; it just needs to implement those policies, Geo News reported.
The finance minister is currently in the US to attend the spring meetings of the World Bank Group and discuss a new loan package with the International Monetary Fund (IMF).
Responding to a question, Aurangzeb said that Pakistan was looking for a larger and longer programme from the IMF because “we need two to three years for structural reforms.” He forewarned that if Pakistan – which has entered 24 programmes with the IMF – doesn’t go through the structural reforms, the country would still be looking for another programme, the report said. (PTI)
