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Pakistan is urged by the US to emphasize economic reforms

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8 months ago

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The United States (US) urged Pakistan to expand and give priority to economic reforms as it works to secure a new International Monetary Fund (IMF) loan package.

Pakistan has stabilized its economy, and we back its endeavors to handle its enormous debt load, according to State Department Spokesman Matthew Miller.

In order to overcome its economic difficulties, we urge the administration to prioritize and broaden economic reforms. We will continue to interact with Pakistan through technical agreements, trade and investment linkages, and our steadfast support for the nation’s economic prosperity—all of which are top priority in our bilateral relationship.

Miller remarked in response to the Indian defense minister, “We do encourage both India and Pakistan to avoid escalation and find a resolution through dialogue, but the United States is not going to get in the middle of this.”

The US will keep pushing for freedom of expression in Pakistan, according to statements made by US State Department spokesman Matthew Miller on Tuesday.

Matthew Miller stated that the US Secretary of State met with the Saudi Foreign Minister last week to discuss de-escalation in the Middle East, but he abstained from commenting on the travel of the Saudi FM to Pakistan.

Miller stated that in addition to working with Saudi Arabia to immediately reduce tensions, we have also persisted in pursuing long-term normalization between Saudi Arabia and Israel, which would bring years of peace and stability to the area.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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5 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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5 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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