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Pakistani PM meets IMF chief, briefs on reform measures after $3 billion bailout

Pakistani PM meets IMF chief, briefs on reform measures after $3 billion bailout
Pakistan's Caretaker Prime Minister, Anwaar-ul-Haq Kakar (right), shakes hands with the Managing Director of the International Monetary Fund, Kristalina Georgieva, in New York, USA, on September 21, 2023. (Photo courtesy: Prime Minister's office)
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Updated 21 September 2023
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Pakistani PM meets IMF chief, briefs on reform measures after $3 billion bailout

Pakistani PM meets IMF chief, briefs on reform measures after $3 billion bailout
  • Pakistan and the IMF struck staff-level agreement for $3 billion in bailout funds under a stand-by arrangement in June
  • The agreement helped Pakistan avoid default but came with tough conditions and fiscal reforms which have fueled inflation
Updated 21 September 2023
Arab News Pakistan
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ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar met International Monetary Fund (IMF) managing director, Kristalina Georgieva, in New York on Thursday and briefed her on measures taken to stabilize and revive the economy.
Pakistan and the IMF struck a staff-level agreement for the provision of $3 billion in bailout funds under a stand-by arrangement (SBA) in June. The agreement helped Pakistan avoid default but came with tough conditions and fiscal reforms, including a petroleum levy of up to 50 rupees a liter, alongside a string of painful measures such as raising extra revenues, increasing energy prices and a market-based exchange rate, which has already fueled inflation. CPI rose to a record 38.0 percent in May. Interest rates have also risen, and the rupee hit all-time lows.
Last month the currency fell 6.2 percent. To make matters worse, Pakistan last Friday also announced a record rise in petrol and diesel prices, the second big increase in two weeks, while the inflation rate stayed above target at 27.4 percent in August.
“The Prime Minister expressed gratitude for the IMF’s approval of a $ 3 billion Stand-By Agreement (SBA) to support Pakistan’s economy,” Kakar’s office said in a statement about his meeting with Georgieva on the sidelines of the 78th session of the UNGA.
“He briefed the MD IMF on various measures taken by the Government of Pakistan to stabilize and revive the country’s economy. The Prime Minister affirmed that these initiatives aim to create a stable and conducive environment for sustainable economic growth and investment. Additionally, a strong focus had been placed on protecting the vulnerable segments of society.”

Georgieva appreciated Pakistan’s efforts at implementing policies and reforms to revive its economy and assured Kakar that the IMF remained committed to continued engagement with Pakistan.

Despite the larger than expected IMF bailout, the agreement stressed that Pakistan will have to continue to mobilize multilateral and bilateral financial support.
Pakistan needs $22 billion to fund its external payment obligations, including international debt servicing, in the financial year 2024, that starts on Saturday, July 1, and ends on June 30, 2024.

Topics: IMF UNGA78

Pakistan regulator asks TV stations to avoid promoting ‘hate mongers’ involved in anti-state activities

Pakistan regulator asks TV stations to avoid promoting ‘hate mongers’ involved in anti-state activities
Updated 59 min 13 sec ago
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Pakistan regulator asks TV stations to avoid promoting ‘hate mongers’ involved in anti-state activities

Pakistan regulator asks TV stations to avoid promoting ‘hate mongers’ involved in anti-state activities
  • The directive comes as focus turns to ex-PM Imran Khan amid open hearings of a case relating to leaking of state secrets
  • Khan, who has been in jail since August 5, says the cases against are ‘politically motivated,’ aim to keep him out of politics
Updated 59 min 13 sec ago
KASHIF IMRAN

ISLAMABAD: The Pakistan Electronic Media Regulatory Authority (PEMRA) has asked broadcasters not to promote “hate mongers” involved in anti-state activities, citing violent incidents in May that stemmed from the arrest of former prime minister Imran Khan. 

Khan, who was ousted in a parliamentary no-trust vote in April 2022, was briefly arrested in a graft case on May 9, which led to attacks on government and military installations in Pakistan by supporters of his Pakistan Tehreek-e-Insaf (PTI) party. 

The attacks led to a crackdown on supporters of Khan supporters and members of his party. Several top aides of the ex-premier and members of his party have since distanced themselves from the PTI, while many still remain behind bars. 

In its directives to TV stations on Monday, PEMRA said any speech that incites violence, promotes hatred, or poses threat to public order and security could be restricted, noting that it was “crucial to strike a balance between protecting freedom of speech and maintaining public order.” 

In this regard, attention of all the licensees is drawn to a tragic incident occurred on May 9, 2023 and its mastermind, wherein state and public properties were attacked, innocent lives were endangered and anti-state sentiments were prompted, attempting to weaken Federation of Pakistan and state institutions,” the regulator said. 

“This is unequivocally a very horrific trend and indeed needs to be condemned and those involved in promoting such activities must be boycotted on media for damaging peace and tranquility in the country. In the wake of aforementioned scenario, all satellite TV channel licensees are directed to remain vigilant and not to promote any hate monger, perpetrators and their facilitators inadvertently or advertently.” 

The PEMRA directive comes as Khan once again becomes center of public attentions, with public hearings of a case against him relating to the leaking of state secrets. The ex-premier initially faced an in-camera prison trial in the case, however, a Pakistani high court this month ruled that such hearings were illegal and ordered an open trial with media access. 

Khan, who has been in jail since August 5 after being convicted in a case involving the sale of state gifts, faces a slew of cases that he says are “politically motivated” and aimed at keeping him out of politics. 

Further in its directive, PEMRA asked all licensees to ensure compliance of the provisions of its code of conduct for programs and advertisements aired on electronic media. 

“Licensees must adhere to provisions of PEMRA laws and orders of the superior courts by refraining from providing their airtime to such individuals who propagate hate speech and provoke public sentiments against the Federation and State Institutions,” it added. 

Islamic Development Bank announces $100 million loan to make Pakistan polio-free

Islamic Development Bank announces $100 million loan to make Pakistan polio-free
Updated 05 December 2023
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Islamic Development Bank announces $100 million loan to make Pakistan polio-free

Islamic Development Bank announces $100 million loan to make Pakistan polio-free
  • The South Asian country has already received $60 of this amount, the IsDB president says
  • Pakistan, Afghanistan are only two countries in world where polio continues to threaten lives
Updated 05 December 2023
KHURSHID AHMED   

ISLAMABAD: The Islamic Development Bank (IsDB) has announced a $100 million loan to support Pakistan’s polio eradication efforts, the Pakistani health minister and the Bank said, on the sidelines of the ongoing COP28 United Nations climate summit in Dubai. 

This loan builds on a previous support from the IsDB and includes a $35 million principal buydown from the Bill & Melinda Gates Foundation, according to an IsDB statement.  

The new funding complements previous loans and will be used to secure and deliver millions of polio vaccines needed to protect all children across Pakistan against the debilitating yet preventable virus. 

"I am very pleased to announce that the IsDB approved US$100 million financing in the 4th Phase of Polio Eradication Program for Pakistan in April 2023, which brings the IsDB total financing for Polio eradication in Pakistan to US$ 587 million, making the Bank one of the largest providers of finance to the national polio eradication program in Pakistan," IsDB President Dr. Muhammad Al-Jasser was quoted as saying in the statement.  

"Under this latest phase, I am happy to note that US$60 million of this amount was disbursed in mid-November 2023. We and our partners remain committed and are working hard to win this battle against this disease. We really are at the last mile in this long journey as only 5 cases of wild poliovirus have been reported in the country in 2023.”  

The IsDB president thanked the Pakistani government, Bill and Melinda Gates Foundation, UN International Children's Emergency Fund (UNICEF) and the World Health Organization (WHO) for their steadfast commitment to polio eradication. 

Polio is a highly infectious disease caused by poliovirus mainly affecting children under the age of ten years. It invades the nervous system, and can cause paralysis or even death.  

Pakistan and Afghanistan are the only two countries in the world where polio continues to threaten the health and well-being of children.  

“We welcome the support of the IsDB and the Bill & Melinda Gates Foundation in contributing to the critical effort of ending polio in Pakistan,” Pakistan Health Minister Nadeem Jan said, addressing the ‘Reaching the Last Mile’ forum related to polio at COP28. 

“Interrupting poliovirus transmission remains a core focus for the Government of Pakistan, and thanks to the heroic efforts of community health workers, global partners and contributors like the IsDB and the foundation, we have pushed the virus to the brink of eradication.” 

An official of the Bill & Melinda Gates Foundation said they saw this loan as an important step forward for the eradication of polio in Pakistan.  

“We are pleased to partner again with the IsDB and the Government of Pakistan to ensure funding opportunities to provide the needed resources to reach every child with polio vaccines,” said Chris Elias, president of the Global Development Division at the Bill & Melinda Gates Foundation.  

“With continued support to health workers and the efforts from partners like the IsDB, I am confident we will end polio in Pakistan.” 

The IsDB said this new loan would enable Pakistan's polio program to reach all children and communities with the life-saving vaccine.  

"It will also help meet the country’s commitment of US$155 million towards its national polio program supported by the partners of the Global Polio Eradication Initiative (GPEI)," it added. 

Topics: Pakistan Polio

Ailing Pakistani neuroscientist Aafia Siddiqui ‘raped’ inside US prison, lawyer says

Ailing Pakistani neuroscientist Aafia Siddiqui ‘raped’ inside US prison, lawyer says
Updated 05 December 2023
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Ailing Pakistani neuroscientist Aafia Siddiqui ‘raped’ inside US prison, lawyer says

Ailing Pakistani neuroscientist Aafia Siddiqui ‘raped’ inside US prison, lawyer says
  • Dr. Aafia Siddiqui, a 49-year-old mother of three, is serving an 86-year sentence at a US federal prison
  • Her lawyer says she has been abused 'countless times' by guards and prisoners at US detention facility
Updated 05 December 2023
Arab News Pakistan

ISLAMABAD: Ailing Pakistani neuroscientist Aafia Siddiqui, who has been jailed in the United States (US) after being convicted of attacking US troops in Afghanistan, has been "raped" inside a US prison, her lawyer said on Tuesday.

Siddiqui, a 49-year-old mother of three, is currently serving an 86-year sentence at the Federal Medical Center (FMC) in Carswell, Texas after a New York court convicted her in 2010 of attempting to shoot and kill a group of US soldiers and FBI agents in Afghanistan who wanted to interrogate her for alleged links to Al-Qaeda.  

Her sentencing by a US court has riled many in Pakistan, including former and current Pakistani governments that had campaigned for her release and paid for her legal defense.  

Siddiqui's lawyer, Clive Stafford Smith, on Tuesday made shocking disclosures about mistreatment of Siddiqui, a day after his meeting with the Pakistani scientist at FMC Carswell. 

"She has been raped in FMC Carswell, no question about it," Smith, a US-based human rights lawyer who is representing Siddiqui, said in an interview to a Pakistani broadcaster. 

"Well, I mean, at least two times is a formal thing by guards, but in terms of abuse by the guards and prisoners, countless times." 

As an American, Smith said, he was "ashamed of" what the US prison system had done to Siddiqui. 

"I have filed a report on her abuse and what they have been doing to her is pretty unspeakable in terms of the sexual mistreatment," he said. "She has told me in great detail about how she has been abused." 

Smith said Siddiqui's complaints were all "extreme" and "true," and that she had been meted out the "harshest" treatment by the US prison authorities. 

"There are 10,250 women in the [US] federal prison system," the lawyer said. "The woman who has been treated the harshest of all those 10,250 is Aafia Siddiqui." 

Siddiqui, who is reportedly ailing, earned advanced degrees from Brandeis University and the Massachusetts Institute of Technology before she was sentenced for assaulting US soldiers after being detained in Afghanistan two years earlier.  

Her punishment sparked outrage in Pakistan among political leaders and her supporters, who viewed her as a victim of the US criminal justice system.  

In the years since, Pakistani officials have publicly expressed interest in any sort of deal or swap that could result in her release from US custody, and her case has continued to draw attention from supporters.  

The government of Nawaz Sharif, three-time former prime minister of Pakistan, as well as the outgoing Pakistani administration of his younger brother, Shehbaz Sharif, have made efforts for Siddiqui’s release during their tenure.  

In March this year, the younger Sharif instructed Pakistan’s foreign ministry to remain engaged with the US government and the country’s mission in Washington for the release of jailed Pakistani neuroscientist, following his meeting with Siddiqui's sister, Dr. Fowzia Siddiqui. 

Smith said he had apprised the Pakistani government of Siddiqui's abuse and was certainly going to let Pakistani authorities know of the "gruesome details." 

He, however, said it was the duty of the Pakistani government to protect her from the abuse. 

"That's her government, it is their duty to protect her," he said. "I will do what I can, I am an American, I apologize for what has happened to her. But it is actually, ultimately the job of the government in Pakistan." 

Topics: Pakistan aafia siddiqui

AirBus A320 acquired for $13 million by PIA from Indonesia to fly to Pakistan today

AirBus A320 acquired for $13 million by PIA from Indonesia to fly to Pakistan today
Updated 05 December 2023
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AirBus A320 acquired for $13 million by PIA from Indonesia to fly to Pakistan today

AirBus A320 acquired for $13 million by PIA from Indonesia to fly to Pakistan today
  • The purchase by the loss-making airline is part of $26 million two-plane deal
  • PIA has accumulated hundreds of billions of rupees in losses and arrears
Updated 05 December 2023
NAIMAT KHAN

KARACHI: An Airbus A320 acquired by Pakistan International Airline (PIA) for $13 million from Indonesia will land in Karachi on Tuesday night, a spokesperson for the airline said.

Loss-making PIA has accumulated hundreds of billions of rupees in losses and arrears. The government announced in August it would privatize the airline, a move that would be in line with an International Monetary Fund (IMF) deal.

PIA leased two Airbus A320 planes from leasing company AirAsia in 2012. The lease concluded in September 2021, after which PIA returned the aircraft to the leasing company. However, a dispute arose when AirAsia declined to accept the planes, contending they were not returned in satisfactory condition.

The row continued for nearly two years and the airline finally struck a deal with the leasing company to buy the two planes after a PIA delegation met with AirAsia officials in Jakarta in October.

“PIA has acquired these aircraft, which were earlier sent to Jakarta for return to the leasing company, AirAsia, upon the completion of a six-year lease,” PIA spokesman Abdullah Khan told Arab News.

“The lessor agreed to PIA's proposal of buying out these aircraft at the price of $26 million.”

PIA made a payment of $13 million last week, the spokesman said, after which one aircraft was released and flying to Pakistan today, Tuesday. 

“One aircraft will land at Karachi airport today at 11pm, while the second one will be acquired after paying the remaining $13 million within the next couple of weeks,” Khan added.

The purchase comes at a time of deep crisis for the loss-making airline, which the government says it can no longer fund. PIA has also been in disputes with the Pakistan State Oil company (PSO) over payments.

The airline has long been in trouble. 

PIA flights to Europe and the UK have been suspended since 2020 after the European Union's Aviation Safety Agency revoked the national carrier's authorization to fly to the bloc following a scandal over pilot licences.

Topics: Pakistan Indonesia PIA

Pakistan to play ‘aggressive’ cricket on Australia Test tour — skipper

Pakistan to play ‘aggressive’ cricket on Australia Test tour — skipper
Updated 05 December 2023
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Pakistan to play ‘aggressive’ cricket on Australia Test tour — skipper

Pakistan to play ‘aggressive’ cricket on Australia Test tour — skipper
  • Pakistan will play first Test against Australia in Perth on Dec. 14, followed by two others in Melbourne and Sydney
  • Ahead of the first Test match, Pakistan will play Prime Minister’s XI on December 6 at Manuka Oval in Canberra
Updated 05 December 2023
Arab News Pakistan

ISLAMABAD: Pakistan will try playing an ‘aggressive’ cricket in their three-match Test series against Australia, skipper Shan Masood said on Monday.

Pakistan will play the first Test against Australia in Perth on December 14, before the traditional Boxing Day Test at the Melbourne Cricket Ground. 

The third Test will be played in Sydney and begin on January 3. 

Masood, who was recently appointed Pakistan Test captain, said Test cricket had undergone a significant change over the years. 

“We will try playing with a positive mindset, an aggressive mindset,” he told reporters in Canberra. 

“Wherever an opportunity came to put the other side under pressure, we will try to put pressure as a bowling unit or a bowling unit.” 

Ahead of the Test series, Pakistan will play Prime Minister’s XI on December 6 at Manuka Oval. 

Masood believed time factor was quite important for his side the games against Australia. 

“As a batting unit, you will have to improve the run rate a bit,” he said, adding Pakistan pacers will also have to strive to bowl as many players out as they can. 

PAKISTAN SQUAD

Shan Masood (captain), Aamir Jamal, Abdullah Shafique, Abrar Ahmed, Babar Azam, Faheem Ashraf, Hasan Ali, Imam-ul-Haq, Khurram Shahzad, Mir Hamza, Mohammad Rizwan (wk), Mohammad Wasim Jr., Noman Ali, Saim Ayub, Salman Ali Agha, Sarfaraz Ahmed (wk), Saud Shakeel and Shaheen Shah Afridi 

Topics: Pakistan Australia

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