Latest News from Pakistan News Express
Prime Minister Shehbaz Sharif along with Finance Minister Ishaq Dar will address a news conference regarding the staff level agreement with IMF in Lahore today at 4pm.
This was stated by Minister for Information and Broadcasting Marriyum Aurangzeb in a tweet today.
She said that Prime Minister will take the nation into confidence regarding agreement with IMF through the media.
Source: Radio Pakistan
Minister for Planning Ahsan Iqbal says IMF agreement will help to stabilize rupee and controlling inflation.
In a statement on Friday, he said agreement with IMF is good news for the nation. He said Prime Minister’s diplomacy played an important role to reach staff-level agreement with IMF. He said this deal will help us to face economic challenges of the country.
The Minister said we need to make efforts to free our economy for foreign aid. He said exports, digital Pakistan, water and food security, affordable energy and equitable and sustainable development are national goals of the country.
Ahsan Iqbal said Pakistan has the potential to become a trillion dollar economy by 2035. He said our youth are more powerful than that of atomic power.
He said this agreement will also help to bring foreign direct investment.
Source: Radio Pakistan
The United Nations General Assembly has decided to continue intergovernmental negotiations on enlarging the Security Council during its upcoming 78th session.
Pakistan’s Permanent Representative to the world body at New York, Munir Akram in his remarks has urged the need to reach agreement on the principles of reform in all 5 Clusters.
He said this is the only agreed and accepted modality to promote Security Council reform and it would be unwise to disrupt the IGN process by advancing new modalities and precipitate initiatives.”
The so-called Group of Four — India, Brazil, Germany and Japan seek for themselves permanent seats on the Council have shown no flexibility in their push for expanding the Council by 10 seats, with six additional permanent and four non-permanent members.
On the other hand, the Italy/Pakistan-led Uniting for Consensus group has proposed a new category of members not permanent members with longer duration in terms and a possibility to get re-elected.
Source: Radio Pakistan
International Monetary Fund has reached staff-level agreement with Pakistan on a three billion stand-by arrangement.
According to a press release issued by IMF, the staff-level agreement is subject to approval by the IMF Executive Board, with its consideration expected by mid-July.
The new SBA will support the authorities’ immediate efforts to stabilize the economy from recent external shocks, preserve macroeconomic stability and provide a framework for financing from multilateral and bilateral partners.
Source: Radio Pakistan
Prime Minister Shehbaz Sharif says staff-level agreement of three billion US dollars with IMF will enable Pakistan to achieve economic stability.
In a tweet on Friday, he said this agreement will help to strengthen Pakistan’s foreign exchange reserves and put the country on the path of sustainable economic growth.
The Prime Minister appreciated the efforts and hard work of Finance Minister Ishaq Dar and his team at the Ministry of Finance for achieving this outcome.
He also thanked Managing Director IMF Kristalina Georgieva and her team at the IMF for their cooperation and collaboration, especially during the course of last week.
Source: Radio Pakistan