No Script Javascript is disabled. Please enable it for better working experience.
Advertisement
Saturday 04 May, 2024
Advertisement

PTI ‘Welcomes’ Standby Agreement Between Pakistan and IMF

BY Shahzad Saeed Jul 08, 2023. 04:57 pm UPDATED: Jul 08, 2023. 04:57 pm

Advertisement

The Pakistan Tehreek-e-Insaf (PTI) declared on Friday that it was pleased with the standby agreement (SBA) between Pakistan and the International Monetary Fund (IMF), which aims to maintain macroeconomic stability by securing outside funding and implementing sensible policies in advance of the national elections.

The PTI released the statement after the IMF team visited Imran Khan, the party’s chairman, at his Lahore home. Esther Perez Ruiz, a resident representative, and IMF Country Chief Nathan Porter, who joined virtually from Washington, were present at the meeting.

Discussions about the staff-level agreement that the IMF has with the Government of Pakistan for a 9-month $3 billion standby arrangement took place during the meeting, which lasted for more than an hour. According to the statement, the party “supports the overall objectives and key policies.”

“We welcome the SBA’s efforts to maintain macroeconomic stability by securing outside funding and wise policies before the scheduled national elections for this fall and until a new government is formed. We want to emphasize the significance of initiatives to safeguard lower-income groups from high inflation, according to the statement.

According to the statement, the party views political stability and the application of the law as essential components of Pakistan’s economic stability. A new government chosen by the people will start reforms and work with multilateral institutions over a longer period of time to advance economic transformation and higher and more inclusive growth following free, fair, and timely elections conducted in accordance with the constitution, it was added.

Imran Khan, the chairman of PTI, is also anticipated to give a speech on the subject. Shah Mehmood Qureshi, Hammad Azhar, Shaukat Tarin, Omer Ayub Khan, Dr. Sania Nishtar, Shibli Faraz, Taimur Jhagra, and Muzammil Aslam were also on the PTI delegation that attended the meeting.

Read more: Azerbaijan and UAE Officially Announce Visa-Free Agreement

Advertisement

Related Articles

Coldwave to hit Pakistan after Oct 17
Latest

Coldwave to hit Pakistan after Oct 17

According to the Pakistan Meteorological Department (PMD) on Thursday, a cold wave...

Maryam Nawaz's son Junaid Safdar divorce Ayesha
Latest

Maryam Nawaz's son Junaid Safdar divorce Ayesha

Junaid Safdar, the son of Pakistan Muslim League-Nawaz (PML-N) Maryam Nawaz, announced...

Who is Kathy Leutner? Sidney Crosby’s girlfriend
Latest

Who is Kathy Leutner? Sidney Crosby’s girlfriend

PITTSBURGH Sidney Crosby, a standout for the Penguins and one of the...

Petrol Price in Pakistan reduced by Rs. 8 from 1st October
Latest

Petrol Price in Pakistan reduced by Rs. 8 from 1st October

After three large increases in the previous fortnightly reviews, the caretaker government...

Punjab Announces Holiday for Schools on 28 September 2023 Amid Pink Eye Outbreak
Latest

Punjab Announces Holiday for Schools on 28 September 2023 Amid Pink Eye Outbreak

Due to an increase in pink eye (conjunctivitis) instances, Punjab's temporary Chief...

Who was Maddy Cusack?
Latest

Who was Maddy Cusack?

THE world has been shocked by the news that Sheffield United star...

Advertisement

Latest News

Madison Bergmann arrested for ‘making out’ with 5th-grader
US

Madison Bergmann arrested for ‘making out’ with 5th-grader

Less than three months before her wedding, a 24-year-old elementary school teacher...

Sgt. Colin Arslanbas killed in training accident
US

Sgt. Colin Arslanbas killed in training accident

Military authorities have revealed the identify of the Marine from North Carolina...

MMA FIGHTER Ali Heibati banned for kicking RING GIRL Maria
Viral

MMA FIGHTER Ali Heibati banned for kicking RING GIRL Maria

Ali Heibati, an MMA fighter, received a lifelong ban for his shameful...

Who was Courtney Fannon? What was her cause of death
US

Who was Courtney Fannon? What was her cause of death

In her tight-knit New York community, COURTNEY Fannon was regarded as an...

Advertisement