PM terms $3bn standby agreement reached with IMF ‘breathing space’
ISLAMABAD:Prime Minister Shehbaz Sharif has said that the three billion dollars standby agreement reached with the International Monetary Fund (IMF) is a breathing space, stressing for converting it into an opportunity through vision, unity and strateg…
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ISLAMABAD:Prime Minister Shehbaz Sharif has said that the three billion dollars standby agreement reached with the International Monetary Fund (IMF) is a breathing space, stressing for converting it into an opportunity through vision, unity and strategy to achieve sustainable development. Chairing a meeting of the federal cabinet here in Islamabad on Monday, he said the country will receive the first tranche of 1.1 billion dollars this month. He was especially appreciative of the efforts put in Finance Minister and his economic team as well as Foreign Minister Bilawal Bhutto Zardari to reach the nine-month agreement with the IMF. The Prime Minister was however of the view that the agreement with the IMF should not be taken as a matter of pride but a matter of concern. Stressing for collective efforts, he said we will have to give a future roadmap and policy guidelines so that this IMF deal proves to be the last one for Pakistan. The Prime Minister recalled that ahead of the deal with the IMF, China provided roll overs of five billion dollars to Pakistan. He said China has always helped Pakistan in difficult times and our nation will not forget this latest support from the Chinese friends. He also thanked Saudi Arabia and the United Arab Emirates for committing two billion dollars and one billion dollars respectively. He said the Chief of Army Staff General Asim Munir played a crucial role in securing financial assistance from the two Gulf countries. He said that during his visit to France, Islamic Development Bank also committed one billion dollars. The Prime Minister expressed serious concerns over the state of affairs of State Owned Enterprises saying they are eating up six hundred billion rupees. He said we will have to take the decisions to put the country in the right direction. The Prime Minister said Pakistan was faced with dire economic situation over the last fourteen to fifteen months. He however said we will make strenuous efforts to improve the economy. The Prime Minister strongly condemned the recent despicable incident of desecration of holy Quran in Sweden. He demanded immediate action against the culprits. He said it is not the first incident of its kind rather in the past also such horrific acts have taken place. He said the Swedish government should take notice of these Islamophobic acts. Shehbaz Sharif expressed satisfaction over the emergency session of the OIC (Organization of Islamic Cooperation) on the latest act of desecration in Sweden. He said the OIC in its statement has not only demanded action against the perpetrators but also demanded necessary action to avert such spiteful incidents in future. He said Pakistan fully endorses the OIC’s stance and hoped needful will be done so that such acts do not recur.
ISLAMABAD:Pakistan Muslim League-Nawaz (PML-N) leader Senator Irfan Siddiqui has said that fifty three thousand nine hundred and thirty six prisoners awaiting decisions in their cases are languishing in Punjab’s jails.In a tweet on Monday, he said thes…
He was especially appreciative of the efforts put in Finance Minister and his economic team as well as Foreign Minister Bilawal Bhutto Zardari to reach the nine-month agreement with the IMF. The Prime Minister was however of the view that the agreement with the IMF should not be taken as a matter of pride but a matter of concern. Stressing for collective efforts, he said we will have to give a future roadmap and policy guidelines so that this IMF deal proves to be the last one for Pakistan. The Prime Minister recalled that ahead of the deal with the IMF, China provided roll overs of five billion dollars to Pakistan. He said China has always helped Pakistan in difficult times and our nation will not forget this latest support from the Chinese friends.
He also thanked Saudi Arabia and the United Arab Emirates for committing two billion dollars and one billion dollars respectively. He said the Chief of Army Staff General Asim Munir played a crucial role in securing financial assistance from the two Gulf countries. He said that during his visit to France, Islamic Development Bank also committed one billion dollars. The Prime Minister expressed serious concerns over the state of affairs of State Owned Enterprises saying they are eating up six hundred billion rupees. He said we will have to take the decisions to put the country in the right direction.
The Prime Minister said Pakistan was faced with dire economic situation over the last fourteen to fifteen months. He however said we will make strenuous efforts to improve the economy. The Prime Minister strongly condemned the recent despicable incident of desecration of holy Quran in Sweden. He demanded immediate action against the culprits. He said it is not the first incident of its kind rather in the past also such horrific acts have taken place. He said the Swedish government should take notice of these Islamophobic acts.
Shehbaz Sharif expressed satisfaction over the emergency session of the OIC (Organization of Islamic Cooperation) on the latest act of desecration in Sweden. He said the OIC in its statement has not only demanded action against the perpetrators but also demanded necessary action to avert such spiteful incidents in future. He said Pakistan fully endorses the OIC’s stance and hoped needful will be done so that such acts do not recur. appeared first on PPI News Agency.
President Alvi holds good meetings with Bangladesh’s President in KSA
ISLAMABAD:President Dr. Arif Alvi has said that he held good meetings with the President of Bangladesh Shahabuddin in Makkah, Mina and Madina.In a tweet on Monday, the President also shared the picture of his childhood friend Salman Rehman who is now m…
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Post-Hajj flight operation begins today to bring back 82,000 pilgrims
ISLAMABAD:A month-long post-Hajj flight operation is beginning from today to bring nearly 82,000 Hujjaj back to the country. Pakistan International Airlines (PIA), Airblue, Serene Air, and Saudi Airlines will work together to facilitate the safe return…
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Naila Kiani becomes first Pakistani woman to summit Nanga Parbat
KARACHI:Renowned Pakistani mountaineer Naila Kiani has added another feather to her achievements as she became the first Pakistani woman to scale Nanga Parbat on Sunday. Naila Kiani was among a group of about 40 climbers including foreigners attempting…
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Breach in canal in Pakpattan destroys cotton and rice crops
RAWALPINDI:Awami Muslim League (AML) chief and former interior minister Sheikh Rashid Ahmed on Sunday said the cash-strapped Shehbaz-led government’s downward countdown is expected to begin from July 12 [the start of new wave of inflation including inc…
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FIA offloads Hungary-bound passenger over fake documents
ISLAMABAD:Federal Investigation Authority (FIA) has offloaded a Hungary-bound passenger at Lahore International Airport for carrying fake travel documents, ARY News reported on Sunday. As per the details, the passenger named Shahid was trying to travel…
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Four killed, several injured in armed battle near Shikarpur
SHIKARPUR:Four villagers were killed and several injured in a tribal clash between two rival Kharos and Nareja communities near katcha area of Madeji in the jurisdiction of Tajo Dero Police Station on Sunday. According to an initial report, after some …
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