pakistan

Miftah blames Dar for sabotaging IMF deal

Published

2 months ago

March 23, 2023

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Blaming Finance Minister Ishaq Dar for sabotaging the deal, PML-N leader Miftah Ismail claimed that International Monetary Fund (IMF) was not interested in releasing money to Pakistan as the Washington-based lender had no trust in Islamabad government.

Speaking during a session titled ‘Pakistan in the Midst of Crisis’ organised by a private university in Karachi, former finance minister said when he was heading the Ministry of Finance he spoke to the IMF officials and assured them that Paki¬stan would not make false statements or violate the agreement; however, when Ishar Dar was sworn in ‘he sabotaged the agreement’.

He recalled that Pakistan had three times made sovereign commitments and then backtracked on them. “Now the IMF is not interested in giving money to Pakistan,” he said, emphasising that the Fund doesn’t trust the government in Islamabad.

Pakistan continues to woo the International Monetary Fund (IMF) to secure the much-needed bailout from the global lender. Pakistan is now the only South Asian country that’s yet to secure a bailout from the multilateral lender as Sri Lanka clinched financing this week and Bangladesh pushes on with carrying out IMF-mandated reforms.

Pakistan has taken tough measures including increasing taxes and energy prices, and allowing its currency to weaken to restart a $6.5 billion IMF loan package. The funds will offer some relief to a nation still reeling from a dollar shortage that has raised the probability of the economy slipping into a recession ahead of elections this year.

Regarding the petrol relief subsidy announced by the government on Sunday, Miftah said that he believed this formula would not be effective. “We provide subsidies on petrol by taking loans,” he said.

Miftah warned that if Pakistan defaulted it would have grave consequences for the country as people belonging to the rich segment will bear the brunt but the poor people won’t be able to make ends meet.

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pakistan

Usman Dar’s brother quits politics citing ‘business commitment’

Published

3 days ago

June 1, 2023

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Usman Dar's brother quits politics citing 'business commitment'

Pakistan Tehreek-e-Insaf (PTI) leader Usman Dar’s brother Amir Dar on Thursday decided to leave the embattled party and quit politics.

Addressing a press conference, Mr Dar condemned the events that unfolded on May 9, adding that he was deciding to quit politics due to business commitments.

“I suffered losses in business because of politics. I have no conflict with any institution,” he added.”

Speaking about the political future of his brothers, Mr Dar said, “It is up to Usman Dar and Asad Dar to stay or leave the party”.

Earlier today, PTI Sindh President Ameer Bakhsh Bhutto relinquished his post. Addressing a press conference along with PTI Sindh Vice President Allah Bakhsh Unar, Mr Bhutto said, “Now I am not interested in politics. I am ready to sacrifice for the sake of the country and my companions”.

He added, “I will decide the political future in consultation with my companions”.

Speaking about the events that transpired on May 9, Mr Bhutto said, “The vandalism on May 9 is condemnable.”

Taking a jibe at the embattled party, Mr Bhutto said, “Why were military installations attacked?”

Meanwhile, Mr Unar also relinquished his posts following the May 9 mayhem.

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pakistan

PTI Sindh President Amir Bakhsh Bhutto relinquishes his posts

Published

3 days ago

June 1, 2023

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Pakistan Tehreek-e-Insaf (PTI) Sindh President Ameer Bakhsh Bhutto relinquished his post on Thursday.

Addressing a press conference along with PTI Sindh Vice President Allah Bakhsh Unar, Mr Bhutto said, “Now I am not interested in politics. I am ready to sacrifice for the sake of the country and my companions”.

He added, “I will decide the political future in consultation with my companions”.

Speaking about the events that transpired on May 9, Mr Bhutto said, “The vandalism on May 9 is condemnable.”

Taking a jibe at the embattled party, Mr Bhutto said, “Why were military installations attacked?”

Meanwhile, Mr Unar also relinquished his posts following the May 9 mayhem.

Post Views: 11

pakistan

Zoo elephant ‘Madhubala’ infected with blood parasite

Published

3 days ago

June 1, 2023

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Zoo elephant 'Madhubala' infected with blood parasite

In a concerning development, the beloved zoo elephant, Madhubala, has been diagnosed with a blood parasite infection on Thursday.

The authorities have swiftly taken action to safeguard the elephant’s health and prevent the spread of the infection.

Today, the first dose of a vaccine was administered to Madhubala in order to protect her from further complications caused by the parasite. The dedicated veterinary team will closely monitor her progress, and the second dose of the vaccine is scheduled to be given after a period of 15 days.

To ensure a comprehensive assessment of Madhubala condition, zoo authorities have decided to send her blood samples for laboratory testing precisely 15 days after the administration of the vaccine.

Based on the results of these tests, a decision will be made regarding Madhubala relocation to the Safari Park.

The director of the zoo highlighted the significance of taking immediate action to mitigate the spread of the infection. As a preventive measure, a disinfectant spray campaign has been initiated throughout the zoo premises.

The authorities are working on an emergency basis, focusing not only on the health of Madhubala but also on the well-being of other rare species of animals housed within the zoo.

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