Ahsan Iqbal, the minister of planning, development, and special initiatives, promised that the average person wouldn't be impacted by the government's decision to comply with the International Monetary Fund's (IMF) requirements for finishing the programme.

The federal minister stated during his speech at a gathering in Islamabad that the programme was "recklessly" approved by the previous administration and that the current administration had no choice but to continue it.

We need to make a lot of adjustments, but we'll make decisions based on what's best for the state overall, he said, adding that we'll work to make the poor and common people bear the least amount of the burden.

In the face of a declining currency, rising inflation, dwindling foreign exchange reserves, and a stalled IMF programme, the administration faces a difficult task on the economic front.

The government has repeatedly promised that inflows will start this month, but nothing has happened to support those claims, which has sent the market into a frenzy.

The minister claimed that when the present administration assumed office, Pakistan's economy was in a dire situation. Due to a lack of time, the government made the decision to take immediate action to improve the situation.

Iqbal emphasised the necessity of mobilising all available resources to boost the nation's productivity and exports in order to permanently eliminate its reliance on foreign loans.

For instance, he claimed that by increasing on-farm management, Pakistan's per-acre wheat yield might rise by as much as 80%. The same is true of our industrial production, he continued, "which has several inefficiencies that prevent us from being competitive with the rest of the world."

According to the federal minister, Pakistan's inability to link its productivity capability with international markets has been the country's largest difficulty over the past 75 years.

Iqbal emphasised the necessity to take all necessary steps to generate the greatest amount of foreign exchange reserves by pointing out that export-led growth is crucial to resolving the balance of payment difficulties.

"We need to mobilise resources and raise the tax to GDP ratio to the worldwide average of about 18%, which is currently just at 9% in Pakistan."

According to him, if resources are not mobilised, the nation's tax revenue will be used to pay off the debt, which has climbed to Rs 4500 billion over the last four years.

He added that increasing investment was still another crucial element in ensuring sustainable economic growth.

"We will not need to go to the IMF or any other lender," he added, adding that foreign direct investment would also need to be raised up to $25–30 billion year. If Pakistani investors would just bring their money out and invest in the country.

Additionally, he requested that the Ministry of Commerce take swift action to boost exports from the present $32 billion level to above $100 billion as soon as possible.