Pakistan’s economic stability is assured by America
Pakistan’s economic stability is assured by America continuous engagement with the IMF. US Acting Deputy Secretary of State Victoria Nuland had a telephone conversation with Caretaker Foreign Minister Jalil Abbas, in which he assured of Washington’s support for the stability of Pakistan’s economy and continued engagement with the International Monetary Fund (IMF).
IMF’s Executive Board
It should be noted that the IMF’s Executive Board last month approved a $3 billion standby arrangement agreement to support the economic stabilization program. On August 26, Caretaker Finance Minister Shamshad Akhtar held introductory talks with the IMF staff mission, reportedly pledging that the Caretaker Government would provide a $3 billion stand-by to ensure economic stability. It will ensure robust implementation of the policy measures taken under the By-Arrangement.
Implementation of the program
Information sources told Dawn that the two sides an informal update on the implementation of the program, with particular emphasis on the structural standards require for the successful completion of the second quarterly review due in October or early November., under which the second installment of around Rs 71 crore will be receive in December base on September-end figures.
US State Department
According to a statement release by the US State Department. Victoria Nuland congratulated Foreign Minister Jilani on his appointment as the caretaker foreign minister. It was further report that they discuss broadening and strengthening the Pakistan-US partnership. Including Pakistan’s economic stability, prosperity, and continued engagement with the IMF. US State Department spokesman Matthew Miller said. The talks between them focus on “Pakistan’s economic stability, prosperity, and continue engagement with the IMF”.
Victoria Nuland
He said that these leaders discuss. The importance of timely, clean, and transparent elections. In accordance with the constitution and law of Pakistan. Victoria Noland, in a separate statement on X (Twitter), discuss our bilateral relationship. And our share commitment to Pakistan’s economic stability, security, and prosperity.
78th session of the U.N General Assembly
It is also likely that the foreign minister will participate. In the 78th session of the United Nations General Assembly in New York next month. Last week, Caretaker Prime Minister Anwarul Haq Kakar had a meeting with American diplomat Donald Bloom. In which he assure that the main responsibility of the Caretaker Government. Is to provide support to the Election Commission in conducting the elections.
Chief Election Commissioner
On August 24, US Ambassador Donald Bloom met Chief Election Commissioner Sikandar Sultan Raja. And reiterate U.S support for free and fair elections. In accordance with Pakistan’s laws and constitution. Were to take place and a caretaker government was announce earlier this month. But after the Council of Common Interests (CCI) approved the digital census. And issue its notification two days before the dissolution of the Assembly. The Election Commission announce constituencies, due to which elections not held during the constitutional period.
Read More