Tag: conditions

  • PM Shehbaz urges IMF to release stalled funds, assures compliance with conditions

    PM Shehbaz urges IMF to release stalled funds, assures compliance with conditions

    On Thursday, Prime Minister (PM) Shehbaz Sharif had a meeting with Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), where he urged the lender to release the stalled funds for Pakistan. He assured the IMF of Pakistan’s compliance with all the conditions set by the lender.

    The meeting took place during the Summit for a New Global Financial Pact held in Paris, emphasising Pakistan’s commitment to fulfilling its promises.

    During the meeting, the two leaders discussed the ongoing programmes and cooperation between Pakistan and the IMF. The prime minister briefed Georgieva on Pakistan’s economic outlook, highlighting the government’s efforts for economic growth and stability.

    He emphasised that all the necessary actions for the 9th review under the Extended Fund Facility (EFF) had been completed, and Pakistan was fully dedicated to meeting its obligations as agreed with the IMF.

    The prime minister expressed his hope for the timely release of the funds allocated under the EFF, as it would contribute to Pakistan’s ongoing efforts in economic stabilisation and provide relief to the people.

    Georgieva shared the IMF’s perspective on the ongoing review process and acknowledged the meeting as an opportunity to assess the progress made in that context.

    It is crucial to note that Pakistan’s currency reserves are currently sufficient to cover only one month’s worth of imports. The country had expected $1.1 billion of the funds to be released in November, but the IMF has imposed certain conditions before making further disbursements.

    With only one IMF board review remaining before the end of the $6.5 billion EFF programme, Pakistan is expected to present a budget aligned with the programme objectives, restore proper functioning of the foreign exchange market, and bridge the $6 billion gap before the board review.

  • PM Shehbaz expresses concern over IMF conditions burdening people

    PM Shehbaz expresses concern over IMF conditions burdening people

    The Prime Minister, Shehbaz Sharif, has shown worry that the terms set by the International Monetary Fund (IMF) will result in an increased burden on the citizens.

    During an appearance on the Geo News program Capital Talk, the Prime Minister attributed the stringent conditions to the previous government, alleging that they had breached their commitments to the IMF.

    Consequently, the IMF is insisting that Pakistan fulfills all of the conditions regardless of the cost, according to the Prime Minister. He acknowledged that many people in Pakistan are having trouble putting food on the table, purchasing medication, and paying for their children’s education.

    The Prime Minister claimed that former Prime Minister Imran Khan almost defaulted on Pakistan and damaged the country’s relations with numerous friendly countries. However, he stated that his government had provided relief to underprivileged individuals through the Benazir Income Support Program.

    He further stated that inflation was caused by the increased cost of imported goods as commodity prices rose due to the Russia-Ukraine conflict. In Pakistan, inflation is expected to reach its highest level in nearly 50 years.

    Additionally, Pakistan is struggling to obtain funding from friendly nations, resulting in a delay in the IMF bailout. The IMF Managing Director, Kristalina Georgieva, recently urged Pakistan to increase tax revenues and distribute subsidies only to those who truly require them. She emphasized that the IMF is dedicated to protecting the impoverished people of Pakistan.

  • New conditions for Pakistanis in Dubai after 80 deported for fake tickets, other reasons

    New conditions for Pakistanis in Dubai after 80 deported for fake tickets, other reasons

    The Pakistani consulate in Dubai has advised Islamabad that Pakistanis visiting Dubai should have a valid work visa, AED 5,000 and a return ticket with them when travelling to the United Arab Emirates (UAE).

    The development came after 80 Pakistanis were deported from the UAE for having fake return tickets and other reasons.

    The consular staff of Pakistan was informed that over 80 Pakistanis had been turned away by the UAE immigration authorities for various reasons. Forty Pakistanis were flown back to Pakistan on the same flight that brought them to Dubai, and the remaining half were sent back on alternate planes that were available.

    The consulate urged the Ministry of Foreign Affairs to inform Pakistani passengers seeking work in the UAE to obtain a valid work visa.

  • ‘No perfume, no attractive clothes, boots shouldn’t make sound’: Taliban sets conditions for Afghan women

    ‘No perfume, no attractive clothes, boots shouldn’t make sound’: Taliban sets conditions for Afghan women

    “[There are] some special conditions that exist only for women. One is that the colour of their dress should not be very attractive. So that it does not attract people’s attention,” said a member of the Taliban on Afghanistan’s TOLO News, as per the subtitles of a video being circulated on social media.

    The Taliban member further says, “The second condition for women is that she should not smell good and should not use perfume when she leaves her home.”

    “The third condition is she should not wear long boots and that the boots should not make a sound,” read the subtitles.

    “Wearing long boots that make sound seems like an announcement,” he said.

    “I have said this every time, everywhere, the sound that a boot makes, what does that mean?”

    “The sound is an announcement for young men by the women. Hey young men, wake up, we just left the house with make-up. You are sleeping and are not looking at us,” he added.

    “It is a kind of announcements and these sort of boots are made to incite young men towards bad actions by women.”