Federal Budget not IMF dictated: Dr. Hafeez

"The Budget 2011-12 has not been prepared by the IMF but an elected government of the people of the country", he told a post-budget press conference here on Saturday.

The Minister, however, said that Government takes every stakeholder into confidence and seek their inputs and suggestions before the preparation of the budget.

Yes, IMF and Pakistan have a relationship as an international organization like World Bank, Asian Development Bank, Islamic Development Bank, he said.

Dr. Shaikh said that every country under a banking system takes loans for programmes from the IMF under certain Charter or Code for the short term development and improve balance of payment position.

"We have also done the same ", he added.

Copyright APP (Associated Press of Pakistan), 2011