ISLAMABAD: Prime Minister Shahbaz Sharif said government is working on implementing "Requirements and conditions" of International Monetary Fund (IMF) programme, remarks that come as Executive Board approval for Pakistan's $ 7 billion Extended Fund Facility remains pending.

"We hope that all conditions and requirements of IMF will be met in time and our case will be approved by [IMF Executive] board," he said during Cabinet meeting. "New journey will begin. However, it should be kept in mind that this is Pakistan's last programme with IMF," he maintained. He said burden of inflation is gradually reducing as he appreciated role of his ministries. "However, there is long way to go as we need to bring growth and stability into economy," he said. Government priority is to create effective employment opportunities, he added. PM said government needs to accelerate efforts of rightsizing and downsizing. "Moreover, we need to shrink circular debt in power sector," he said.PM said government remains committed to eradicate corruption and smuggling.