pakistan

IMF mission to travel to Pakistan for dialogues on ninth review

Published

2 months ago

January 26, 2023

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IMF mission to travel to Pakistan for dialogues on ninth review

A mission of the International Monetary Fund (IMF) will travel to Pakistan from January 31 to February 9 after talks between Islamabad and the international lender scheduled.

The IMF mission will hold talks with Pakistani authorities on ninth economic review and the targets given to Pakistan will be reviewed. The IMF mission was requested to visit Pakistan by the Ministry of Finance.

In order to continue discussions regarding the country s ninth review under its $7 billion Extended Fund Facility (EFF) programme.

The review, which would release $1.18 billion in funding, has been delayed for two months due to disagreements between the government and the IMF over certain conditions.

IMF Resident Representative for Pakistan Esther Perez Ruiz in a statement issued on Thursday said that the mission will focus on policies to improve Pakistan s domestic and external sustainability, including measures to strengthen the fiscal position, revive the power sector, and stabilise the foreign exchange market.

She also emphasized the importance of stronger policy efforts and reforms in order to reduce uncertainty and support Pakistan s sustainable development.

On Wednesday, Federal Minister for Finance and Revenue Mohammad Ishaq Dar apprised the United States’ delegation on the economic priorities of the government to fix the economy towards the right path while fulfilling its international obligations.

Mr. Robert Kaproth, Deputy Assistant Secretary of the US Department of the Treasury for Asia called on the said minister at Finance Division, said a press release, issued here.

Senior Macro-economist for the Department of Treasury for Pakistan Ms. Eva Ghirmai, Financial attache’ Ms. Larita Bolden, Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, SAPM on Finance Mr. Tariq Bajwa, Secretary Finance and senior officers from Finance Division attended the meeting.

Finance Minister Senator Mohammad Ishaq Dar welcomed Mr. Robert Kaproth and apprised the former on the economic outlook of the country.

He apprised the present government inherited a weak economic legacy and said that despite challenging economic conditions, the government was focusing on fixing things in the right direction and introducing reforms in all sectors including the energy sector and capital market to achieve economic growth and development.

He said that due to pragmatic measures taken by the government, the country was destined for progress and development.

The finance minister also shared with Mr. Robert Kaproth the damages caused by the floods in Pakistan and their impact on the economy of Pakistan.

He stressed that the government was handling all challenges with complete commitment. Meanwhile, Mr. Robert Kaproth underscored good relations between Pakistan and the United States. He further expressed confidence in the policies and programs of the government for economic and financial stability.

He further extended his support and cooperation on economic and financial issues. The finance minister extended gratitude to Mr. Robert Kaproth for their support and cooperation.

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Related Topics:IMF pakistan Pakistan Politics PM Shehbaz

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pakistan

Toshakhana case: Imran Khan’s wife Bushra Bibi challenges NAB notices in IHC

Published

11 hours ago

April 1, 2023

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akistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s wife Bushra Bibi on Saturday moved the Islamabad High Court (IHC) against the call-up notices issued by the National Accountability Bureau (NAB) in a reference regarding Toshakhana gifts.

The former first lady has challenged the notices served on her on March 16 and 17 through her lawyer, Khawaja Harris. She has made the NAB chairman, and additional director of NAB Rawalpindi respondents in the case.

Bushra Bibi had pleaded the court to declare the notices null and void. She also requested the high court to bar the NAB from taking any disciplinary action against her on the basis of the notices. The petitioner asked the court to stop NAB from converting the case inquiry into an investigation.

The development comes after she failed to appear before the anti-graft watchdog to join the inquiry proceedings in the reference.

A notice issued to Imran Khan, Bushra Bibi and others in the Toskhana case in February this year states: “The competent authority has taken cognisance of an offence allegedly committed by the accused persons under the provisions of NAO, 1999. In this regard, the inquiry proceedings have revealed that during your tenure in office you retained some state gifts presented to you by various foreign dignitaries including the following luxury items — five Rolex wristwatches; one iPhone presented by Chief of Staff, Qatar Armed Forces, dated 14.11.2018; (No. E67574V3), a pair of cufflinks, one ring; unstitched cloth of pant coat from Crown Prince of Saudi Arabia dated 18.09.2020; Graff gift set containing one Graff wristwatch Master Graff Special Edition Mecca timepiece, one 18K gold and diamond Graff pen and a ring and pair of cufflinks with micro-painting of Mecca.”

“You are therefore requested to join the inquiry proceedings before the Combined Investigation Team (CIT), NAB (Rawalpindi/Islamabad), Civic Centre, G-6, Islamabad,” reads the notice

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pakistan

Govt moves SC to withdraw curative review reference against Justice Isa

Published

11 hours ago

April 1, 2023

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The federal government on Saturday filed a petition in the Supreme Court to withdraw curative review reference against Justice Qazi Faez Isa.

The government said it did not want to pursue the case and pleaded the apex court to allow the withdrawal of the petition against the senior judge.

A day earlier, President Dr Arif Alvi approved the withdrawal of the curative review reference and Civil Miscellaneous Application (CMA) against the judge of Justice Isa.

The president gave the approval on the advice of the prime minister in accordance with Article 48 of the Constitution. Dr Alvi also signed his power of attorney in favour of Advocate Supreme Court Anees Ahmed Shehzad.

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pakistan

‘Only three’ died in pursuit of free flour in Punjab, clarifies Punjab gov spox

Published

11 hours ago

April 1, 2023

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Punjab caretaker information minister Amir Mir on Saturday said PTI senior vice president Fawad Chaudhry’s claims of 20 deaths in pursuit of free flour across the province were ridiculous.

He clarified that “only three” people died in a stampede while four others suffered a cardiac arrest adding that two of them died in the hospital while the remaining breathed their last in their homes.

He said Mr Chaudhry’s false claims won’t get the air adding that he should refrain from telling lies in the holy month of Ramadan at least. “PTI leaders compete with each other in lies”, he added. People of Pakistan, he said, were aware of the difference between truth and lies and it was not possible for people like Fawad to misguide them.

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