Epaper_22-6-29 KHI

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Wednesday, 29 June, 2022 I 29 Dhul-Qadah, 1443 I Rs 15.00 I Vol XII No 360 I 12 Pages I Karachi Edition

Pakistan could receive uP to $2b from imf: Pm shehbaz g

Premier emPhasises financial staBility for Political staBility

ISLAMABAD

P

staff report

rime minister shehbaz sharif on tuesday said finance minister miftah ismail has informed him that Pakistan could receive up to $2 billion from the international monetary fund (imf). “miftah ismail in a message said that we will hopefully be receiving $2 billion instead of $1 billion from the imf,” the premier said and added that he told the minister that the “real goal” was achieving self-reliance which was “easier said than done”. the prime minister was addressing the ‘turnaround Pakistan’ conference organised by the ministry of Planning and development.

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says ‘real goal’ is achieving self-reliance that is ‘easier said than done’

shehbaz emphasised the need for all sectors to work together for Pakistan’s progress and reiterated the importance of self-reliance, adding that it guaranteed “political and economic independence”. the premier’s remarks came shortly after miftah revealed that Pakistan has received combined economic and financial targets for the seventh and eighth reviews of its imf bailout programme. discussing the recent opening of a mega-development project in Bangladesh, Pm shehbaz said that the Bangladeshi premier had proudly proclaimed that they did so without the help of international benefactors. “this is a big achievement; however, Pakistan is not lacking in resources or expertise”, he said citing the example of

the reko diq where he claimed Pakistan had lost billions of rupees but was yet to earn anything from it. he maintained that 75 years had passed since the inception of the country and loud claims had been made but no action was taken. “We all have a responsibility, but crying will achieve nothing. unchangeable decisions must be made,” he said. shehbaz said that Pakistan was drowning in debt and the country’s liabilities far outweighed its assets. SuPER taX: the premier stated that the money the government collected from the recently announced ‘super tax’ would not be wasted or destroyed. “the money will not be wasted and will not be spent on government expenditure,” he said, adding that the rs230 billion collected would be used for the “development and prosperity” of the country. shehbaz vowed that his government would try to bring financial stability in the next fourteen months which would then lead to economic stability. PoWER PRoBlEMS: the premier also discussed the hike in coal prices across the globe and said that there was a potential danger of running out of foreign exchange reserves if coal was imported to run power plants. he maintained that coal would be imported from afghanistan from july and would be bought in Pakistani rupees, thus saving rs2 billion. “the coal will be used to run coalfired power plants for electricity,” the prime minister said. he further said that the entire world was currently suffering from an economic crisis. highlighting the negligence of the previous government, shehbaz said that the former rulers did not sign any cheap and long-term gas agreements.

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BRICS snub: Hina terms China ‘most effective’ strategic partner ISLAMABAD staff report

minister of state for foreign affairs hina rabbani Khar tuesday dispelled the impression of Pakistan’s diplomatic isolation, saying that there was absolutely no denying of the fact that china was the most effective strategic partner of Pakistan. responding to criticism that india had been able to block Brics invite to Pakistan during a budget session in the national assembly, Khar said Pakistan was playing a much bigger role on the international front than its size in terms of gross domestic Product (gdP). “We are very happy to state that over the years, Pakistani diplomats, Pakistani statesmen and Pakistani politicians have contributed towards [effectiveness of] a policy in the multilateral institutions. Pakistan’s foreign policy is moving in the right direction with all diplomatic missions ‘working complicatedly on all fronts’,” she added. the Brics (Brazil-russia-india-chinasouth africa) brings together five of the largest developing countries in the world, representing 41 per cent of the global population, 24pc of the global gdP and 16pc of the global trade. “china is part of Brics which

Miftah would leave if Dar returns as Finance Minister g

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more inside

Sindh lG polls review: ECP told staff from Kandhkot uC-28 kidnapped, 25 FIRs registered

But says not ready to serve as junior minister under dar ISLAMABAD staff report

finance minister miftah ismail on monday said that the mooted return of senior Pml-n leader ishaq dar to the country would not bother him and he would be happy to relinquish his position if the party leadership asked him to do so. speaking in a tv talk show, ismail was questioned on circulating rumours of dar’s return to lead the finance ministry. to this, miftah said: “i feel nothing about it. dar sahab can come if he wants to. he is our elder and already a part of the economic team.” miftah said that whatever economic decisions were taken, including the hiking of fuel prices, were taken following consultations with dar and others, even if dar did not agree with the final decision. “What’s the harm if dar sahab comes here (finance ministry) as well.” ismail added that dar was also involved in interviewing the state Bank governor. the finance minister said he was appointed by Prime minister shehbaz sharif after consultation with Pml-n supremo nawaz sharif. “it is my job to make difficult decisions because i have to protect my country’s state and economy but i seriously have no issue with whether the ministry remains [with me] or not,” he said. he said he did not regret any decision taken so far and made the choice to increase fuel prices “gladly” since he thought it to be in the

means all the member countries have to work to cooperate [with] each other”, the state minister added. if a certain unfriendly country, she said, wanted to block Pakistan and succeeded in doing so, then “how can we doubt china’s intention”? she said in Brics “we don’t have a role but we still have core roles in many other international forums such as heart of asia”. she also asserted that Pakistan was fighting the case of dr aafia siddiqui at every diplomatic level. hina rabbani Khar said that Pakistan was fighting dr aafia siddiqui’s case at every diplomatic level and that the country was consistent in its policy across the governments to fight in favor of the case. she said, however, every country had its own laws, rules and regulations besides its sovereign right. “at present, she has the counsellor access and her requirements are also being fulfilled”, she said, adding aafia’s case was also being fought at every diplomatic level. the minister of state for foreign affairs made it clear that Pakistan was in no isolation as its foreign policy moved in the right direction with all diplomatic missions working complicatedly on all fronts.

STORY ON PAGE 03

KPK inks bill to regularize service of 58k ad-hoc teachers STORY ON PAGE 02

country’s interest. “if anyone has campaigned the most in our government for these decisions then it is me. it’s not hidden that i said since the first day that petrol prices [should be increased].” he said the Pml-n worked together as a team and in coordination with its “generous and wonderful” partners and if the prime minister wanted to make any change then “there is nothing wrong with it.” however, when asked that if dar were to be-

come the finance minister, would he be open to taking the role of state minister for finance, he said: “this, of course, won’t happen. i won’t become the state minister after being the federal minister.” recently, speculation has been rife over dar’s possible return. the former finance minister and senator-elect, who is currently in london, is being tipped to return to the ministry of finance to shore up the government’s economic team.

Kartarpur Corridor symbol of Pakistan’s commitment towards religious freedom: CoaS

STORY ON BACK PAGE

machinations begin to rig Punjab byelections: imran STORY ON BACK PAGE


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