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Thursday, 14 April, 2022 I 12 Ramzan, 1443 I Rs 15.00 I Vol XII No 286 I 12 Pages I Islamabad Edition

Pakistan names miftah ismail as finance chief before imf talks

P

monitoring report

akistan’s new government is said to have selected Miftah ismail as the new finance chief ahead of crucial talks with the international Monetary Fund, according to two people familiar with the matter. Prime Minister shehbaz sharif who took charge Monday may name ismail, who is a former fi-

nance minister, along with the rest of the cabinet within 24 hours, said one of the people. the government, formed through an alliance of multiple political parties, is still in discussions to distribute portfolios and a final decision is yet to be made, said the people. ismail will be among the officials responsible for negotiating with the iMF to resume a program that went into jeopardy after former Prime Minister imran khan un-

coronavirus in

Pakistan

CONFIRMED CASES:

1,526,829

LAST UPDATED AT 6:37 AM ON 13 APRIL 2022

DAY'S DEATH TOLL:

NEW CASES:

0

101

RECOVERED:

DEATHS:

1,487,073 30,362 SINDH:

PUNJAB:

576,407

505,486

KPK:

BALOCHISTAN:

219,296

35,480

AJK/GB:

ISLAMABAD:

43,301/11,720

135,139

expectedly decreased energy prices, despite an agreement with the lender for the opposite. the government’s economic team will also have to deal with asia’s second-fastest inflation and falling foreign exchange reserves that have dropped to levels that can fund just a couple of months of imports. the nation’s central bank has already increased interest rates by the most since 1996 to help ease the crisis. Pakistan plans to work with the iMF to stabilize the economy, ismail told Bloomberg news on april 12. the government will prioritize to reduce its fiscal deficit and stop a decline in foreign exchange reserves that will support the rupee. ismail declined to comment on his potential appointment, while ruling party spokeswoman Marriyum aurangzeb and the Prime Minister’s Office didn’t immediately respond to requests for comment. ismail served as Pakistan’s finance head for a few months under the administration of then prime minister shahid khaqan abbasi in 2017 to 2018. there is a possibility he may have to hand over the responsibility to another former finance minister Mohammad ishaq Dar if he returns from London, where he is living along with party chief and three-time Prime Minister nawaz sharif, said the people. Other indications of ismail’s appointment include the nation’s finance ministry inviting journalists to a press conference by him on tuesday and party leader Maryam nawaz sharing on twitter a picture of ismail sitting next to shehbaz sharif on Wednesday.

Shehbaz Sharif for bringing Karachi Circular Project under CPEC KArACHi staff report

Prime Minister shehbaz sharif Wednesday the government will try to bring the karachi Circular Railway project under the umbrella of the China-Pakistan Economic Corridor (CPEC). talking to the media persons along with sindh Chief Minister syed Murad ali shah after a one-on-one meeting on Wednesday, the prime minister said that provision of clean drinking water to karachi residents is a big challenge. He directed to take measures for providing potable water to the residents of karachi on a priority basis. He assured that the federal government will provide all possible cooperation to the provincial government in addressing the civic issues. He said availability of comfortable transport facilities are another big challenge and efforts will be made to provide air-conditioned buses to the citizens of karachi. shehbaz mentioned that earlier Chinese authorities had shown interest in kCR; however, due to political changes, things weren’t finalised. Highlighting Orange Line and Green Line projects, shehbaz said he has asked shah to bring air-conditioned buses to karachi. “i have suggested shah bring thousands of air-conditioned buses in a transparent manner while

Sheikh Rashid says ‘misunderstandings with military must be resolved’ awami Muslim League (aML) chief sheikh Rashid ahmed on Wednesday condemned the recent criticism of the Pakistan army — both on social media and the streets — and indirectly acknowledged that the Pti and its allies have “misunderstandings” with the military establishment which he said must be resolved. the military has come under criticism this week on social media forums, and twitter trends against the armed forces and its leadership have seen intense activity. slogans critical of the army were also chanted during country-wide protests staged on sunday in support of former prime minister imran khan following his ouster from power over the weekend via a successful no-confidence motion. since last sunday, the top trending hashtags on twitter were those targeting the army, the judiciary and the new government, and on tuesday the tweets using those hashtags soared to 4.3 million. ahmed, the former interior minister, while responding to a reporter’s question in Peshawar today, said: “no slogan should

pre-qualifying transporters followed by a bidding,” he said, adding that transporters will then be allowed to take a loan from banks at minimal interest rates. He also acknowledged the sindh government and the chief minister for their warm hospitality. the PM was also presented with ajrak by the sindh CM. Before the leaders’ press conference, they held a meeting, where, according to the spokesperson of the Chief Minister House, the prime minister directed the chief minister to make all-out efforts for the welfare of the people and the safety of their lives and properties. the chief minister congratulated the premier on the occasion for assuming the office of the prime minister and assured him that the sindh government will work closely with the federal government for the welfare of the people of the province. the meeting was attended by Mnas shahid khaqan abbasi, Maryam aurangzeb, khalid Maqbool siddiqui, Maulana asad Mehmood and ahsan iqbal besides other officials. During the meeting, CM sindh informed the premier that karachi transformation Plan (ktP) was announced in 2020 with an outlay of Rs1.17 billion for various projects in the areas of water supply, sewerage treatment management, internal roads, and mass transit.

CONTINUED ON BACK PAGE

more inside

First blow: MQMP won’t join Sharif’s cabinet STORY ON BACK PAGE

Gen aslam Baig terms audio clip attributed to him as ‘fake’ STORY ON BACK PAGE

be raised against the army.” Without naming any specific party, ahmed said the Pti and allies should follow PML-n and Co’s suit and mend ties with the military. “if those who curse [them] can make peace with them then we should also remove our misunderstandings and establish good relations with them (the army),” he said. ahmed appeared to blame the PML-n for the anti-army trends on social media, saying that the army was being criti-

cised through a “conspiracy”. “these are the same people who cursed this army from London and Gujranwala and now they’re polishing their boots,” he said. Meanwhile, a meeting of Pakistan army officials on tuesday took note of the recent criticism directed at the institution on social media and expressed complete confidence in the leadership’s “well-considered stance to uphold the Constitution and the rule of law”. staff report

CONTINUED ON PAGE 05

Fact check: Pakistan’s total reserves stand at $17bn not $22bn STORY ON PAGE 02

BHC directs ECP to hold LG polls in Balochistan on May 29 STORY ON PAGE 03


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