Whether the state institutions were to be operated at a loss or profit was up to the government but the burden of institutions being run at a loss post-privatisation would be eliminated and non-tax income increased, the IMF's mission chief noted.
The IMF's Executive Board had on July 3 approved the three-year bailout package worth $6 billion to Pakistan.
IMF's spokesperson, Gerry Rice, had confirmed the news on Twitter, saying: "IMF Executive Board approved today a three-year US$6 billion loan to support Pakistan's economic plan, which aims to return sustainable growth to the country's economy and improve the standards of living," reports Geo News.
Furthermore, the Asian Development Bank (ADB) on Monday announced its plan to support Pakistan with indicative lending worth up to $10 billion for various development projects and programmes during the next five years.
The ADB held a series of consultations with the Pakistani government to "formulate a new Country Partnership Strategy (CPS), which will guide ADB's engagement in the country from 2020 to 2024", the lender said.
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