Prime Minister (PM) Shehbaz Sharif was informed by Finance Minister (FM) Miftah Ismail that Pakistan could receive Rs2 billion from the International Monetary Fund (IMF).

“Miftah Ismail sent a message this morning saying that Pakistan will receive not $1 billion but $2 billion from the IMF. I told him in response, Alhamdulillah, but our ultimate goal is self-reliance,” said PM Shehbaz while addressing the “Turn Around Pakistan” conference.

The premier’s address comes shortly after Ismail confirmed Pakistan has received the Memorandum of Economic and Financial Policies (MEFP) from the IMF for the seventh and eighth reviews.


The draft MEFP is a prerequisite to paving the way toward striking a staff-level agreement.

PM Shehbaz said that although the Opposition created much political drama in recent weeks, he will ask whether it is the “choosers” that are now going to receive $2 billion or “the other word”, referring to beggars from the phrase “beggars can’t be choosers”.

“There is no shortage of anything in Pakistan and there are experts in every field,” said PM Shehbaz, before lamenting that “billions of dollars are buried in Reko Diq but we have not earned a single penny”.

“It is a pity that the country’s development and prosperity have not been achieved,” he said.

Addressing the conference before PM’s speech, Ismail said that when he messaged Prime Minister Shehbaz Sharif about the development, he replied: “Well done. But remember our ultimate goal is self-reliance. That will be our legacy,” Miftah said, quoting PM Shehbaz.