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Govt requests IMF mission chief to visit Pakistan as dollars dry up

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Govt requests IMF mission chief to visit Pakistan as dollars dry up

The federal government has sent a letter to the International Monetary Fund (IMF), requesting it to send its team to cash-strapped Pakistan next week to complete the ninth review for the release of next tranche of loan pending since September last.

The government, as per reports, has expressed willingness to implement on the four major conditions of the global lender for the revival of the loan programme as the foreign exchange reserves of the South Asian country continues to deplete, putting country’s essential imports at risk and triggering a new wave of inflation.

The four major demands made by the IMF to revive the progrmme, include increase in gas and electricity prices, market-based exchange rate and additional taxes to cover the fiscal deficit.

Secretary Finance Hamed Yaqoob Shaikh has formally written to the IMF mission chief to visit Pakistan next week in a last resort to restart the much-needed loan programme.

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An official told media that the government had completed working to implement the four IMF demands conveyed by the Fund officials in a meeting on the sidelines of the Geneva moot.

Another official said Pakistan was not in position to afford the failure in talks with the global lender as it could adversely affect the country.

The IMF approved seventh and eighth reviews together in August last and released more than $1.1 billion.

Minister of State for Finance Aisha Ghaus Pasha on Thursday told the Senate Standing Committee on Finance that the government wants to continue programme with the IMF in such a way that the common man should not bear the burden of tough decisions to be made as per the Fund’s condition.

Mrs. Pasha said that the government’s economic team was having meetings with the Prime Minister Shehbaz Sharif to focus on its programme with the IMF. She said the premier was not in favor of taking tax measures across the board that could put an extra burden on the poor and common people.

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To a question, she did not give any date when to start talks with the IMF team but she said that the government was firm to go with the programme after having a detailed workout. She said the government would try to convince the IMF about the worst situation in Pakistan after the disastrous floods last year. “The people are already suffering due to the disastrous flooding and they are not in a position to afford any further measures”.

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pakistan

Interference in judiciary not acceptable: SCBA

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Interference in judiciary not acceptable: SCBA

The Supreme Court Bar Association (SCBA) released a statement regarding the letter written by six judges of the Islamabad High Court (IHC) about interference in the judicial matters.

SCBA President Shahzad Shoukat stressed the association’s commitment to upholding the rule of law. He expressed strong displeasure over the incident mentioned in the judges’ letter.

“Interference in the judiciary is not only condemnable but also warrants decisive action,” said the SCBA president.

The Supreme Court Bar Association reiterated its belief in the independence of the judiciary. It emphasised that any actions perceived as undermining this independence would not be accepted by the association. 

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Pakistan’s HC to UK visits Russian embassy, condoles deaths in Moscow concert attack

Pakistan’s HC to UK visits Russian embassy, condoles deaths in Moscow concert attack

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Pakistan's HC to UK visits Russian embassy, condoles deaths in Moscow concert attack

Dr Mohammad Faisal, Pakistan’s High Commissioner to the United Kingdom, visited the Russian embassy in London to convey Pakistan’s condolences to the Russian people and government on the deadly terrorist attack in Moscow.

The death toll from last week’s Moscow concert hall attack jumped to 140 on Wednesday. The responsibility for the gruesome attack was claimed by the ISIS-K.

At the Russian embassy, Mohammad Faisal signed the condolence book, noting, “We strongly condemn the horrendous attack carried out at a concert hall in Moscow. We express our deepest sympathies with the families of the victims. In this difficult hour, we stand in solidarity with the people and government of the Russian Federation.”

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PTI announces candidates for by-election

PTI announces candidates for by-election

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PTI announces candidates for by-election

Pakistan Tehreek Pakistan (PTI) has nominated its candidates for the by-elections.

According to PTI leader Hammad Azhar, Shahzad Farooq will contest from NA-119, Lahore and Sardar Muhammad Hussain Dogar from NA-132.

Azhar highlighted that Hakim Nisar would contest from PP-22, Chakwal, Chaudhry Parvez Elahi from PP-32, Gujrat and Owais Qasim from PP-54, Narowal.

jaz Bhati would contest from PP-139, Sheikhupura, Hafiz Zeeshan from PP-149, Moonis Elahi from PP-158 and Yusuf Mayo from PP-164.

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In his message on social media site X, Azhar said the rest of the candidates would be announced soon while the PTI would put all its support behind candidates.

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