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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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Dozens arrested in weekend of protests on US campuses

Dozens arrested in weekend of protests on US campuses

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Dozens arrested in weekend of protests on US campuses

Police on Saturday arrested at least 25 pro-Palestinian protesters and cleared an encampment at the University of Virginia, the university said in a statement, as US campuses braced for more turmoil during graduation celebrations.

Tensions flared at UVA’s campus in Charlottesville, where protests had been largely peaceful until Saturday morning, when police officers in riot gear were seen in a video moving on an encampment on the campus’ lawn, cuffing some demonstrators with zip-ties and using what appeared to be chemical spray.

Students across the US have rallied or set up tents at dozens of universities to protest the months-long war in Gaza and call on President Joe Biden, who has supported Israel, to do more to stop the bloodshed in Gaza. They also demand their schools divest from companies that support Israel’s government, such as arms suppliers.

The University of Virginia said in a news release that protesters had violated several university policies including setting up tents on Friday night and using amplified sound.

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Jim Ryan, UVA’s president, wrote in a message that officials had learned that “individuals unaffiliated with the university” who presented “some safety concerns” had joined protesters on campus.

It wasn’t immediately clear how many of those arrested were UVA students.

A group called UVA Encampment for Gaza that said earlier this week it had set up the encampment condemned the university’s decision to call in police in a post on Instagram.

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Dar meets Azeri counterpart on margins of OIC Summit, discusses bilateral cooperation

Dar meets Azeri counterpart on margins of OIC Summit, discusses bilateral cooperation

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Dar meets Azeri counterpart on margins of OIC Summit, discusses bilateral cooperation

Deputy Prime Minister and Foreign Minister Ishaq Dar met with Azerbaijan’s Foreign Minister Jeyhun Bayramov on the sidelines of the 15th OIC Islamic Summit Conference in Banjul, the capital of Gambia.

According to a spokesperson for the Foreign Office, the two leaders discussed bilateral relations during the meeting.

Dar and Bayramov expressed their commitment to further promote bilateral cooperation in various fields, including trade and energy.

The spokesperson said that the leaders agreed to enhance political relations and dialogue during the meeting.

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Ishaq Dar, on this occasion, congratulated Jeyhun Bayramov on Baku’s nomination to host COP29.

The foreign minister expressed Pakistan’s keen interest in cooperation and exchange of experiences to address climate change.

He also commended Azerbaijan for its strong and principled stance on the Kashmir conflict.

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Two key TTP operatives killed in Rawalpindi operation

Two key TTP operatives killed in Rawalpindi operation

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Two key TTP operatives killed in Rawalpindi operation

 Two key terrorists were killed as a result of gunfire from their own associates during an operation carried out by personnel of the Counter-Terrorism Department (CTD) on Sunday.

According to CTD officials, the dead terrorists, Naseebullah and Ihsanullah, were affiliated with the banned Tehreek-e-Taliban Pakistan (TTP). Both were wanted for the murder of a cop during an attack on a Dolphin Force team in Rawalpindi.

A huge stash of explosives, including hand grenades, heavy weaponry and ammunition, was seized.

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