The International Monetary Fund’s (IMF) Executive Board meeting is scheduled for May 9, with Pakistan listed on the official agenda. During the meeting, the IMF board is expected to approve a disbursement of $1.1 billion for Pakistan under the ongoing financial program. According to IMF statement, first Review under the Extended Arrangement under the Extended Fund Facility, the request for modification of performance criteria, and the request for an arrangement under the Resilience and Sustainability Facility are scheduled to take place on May 9. Meanwhile, Pakistan has also secured $1.3 billion in climate financing from the International Monetary Fund. This was stated by IMF Director of Communications Julie Kozack while responding to a query of ARY News during a press conference. Last month, Pakistan and the International Monetary Fund reached a staff-level agreement on the first review under Pakistan’s 37-month $7bn Extended Fund Facility (EFF) and on a new 28-month $1.3bn arrangement under the Resilience a...
Finance Minister Muhammad Aurangzeb says Pakistan has reached a pivotal moment of economic recovery and transformation. Addressing Pakistan Conference 2025, titled "Bridging Divides, Building Tomorrow: Pakistan’s Path to Inclusive Growth and Governance," at Harvard University, he said we have stabilized the fundamentals, restored confidence and reignited growth after inheriting an economy facing significant challenges from contracting GDP to depleting reserves. Muhammad Aurangzeb outlined the government’s strategy including maintaining fiscal discipline, controlling inflation, and pushing ahead with deep structural reforms in energy, taxation, governance and the management of state-owned enterprises. He flagged major growth opportunities in Pakistan’s rich mineral resources, expanding IT sector, green energy initiatives and the country’s youthful entrepreneurial population. He emphasized that strengthening human development is critical to sustaining high, inclusive growth. In his opening remarks, Ambassador R...
Pakistan and China have reiterated their firm resolve to uphold regional peace and stability, promote mutual respect and understanding, and jointly oppose unilateralism and hegemonic policies. The understanding was reached during a telephone conversation between Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar and Chinese Foreign Minister Wang Yi on Sunday. During the conversation, Senator Mohammad Ishaq Dar briefed Chinese Foreign Minister Wang Yi on current regional situation. He categorically rejected India's unilateral and illegal actions, as well as its baseless propaganda against Pakistan. Expressing deep appreciation for China's consistent and unwavering support, the Deputy Prime Minister and Foreign Minister reaffirmed Pakistan's strong commitment to the iron-clad Pakistan-China friendship and the shared vision of an All-Weather Strategic Cooperative Partnership. He emphasized Pakistan's determination to further deepen bilateral cooperation across all spheres. Both sides agreed to...
India has used the armed attack in Indian Occupied Kashmir as a pretext to suspend the Indus Waters Treaty with Pakistan for domestic political purposes, Defence Minister Khawaja Muhammad Asif has said, as he called for an international inquiry into the incident. India, he told The New York Times, was taking steps to punish Pakistan “without any proof, without any investigation.” Twentysix people were killed and several others injured in a gun attack on a group of tourists near Pahalgam, a town in the southern part of the disputed territory. In the interview with the Times on Friday, Asif said that Pakistan was “ready to cooperate” with “any investigation which is conducted by international inspectors. Times correspondent Julian Barnes, who interviewed the defence minister, wrote that his remarks “appeared to be aimed at defusing tensions with India”. “We do not want this war to flare up, because flaring up of this war can cause disaster for this region,” the defence minister said. Noting Indian officials ass...
As tensions grow between New Delhi and Islamabad following Pahalgam attack, Interior Minister Mohsin Naqvi on Saturday warned that if any attempt was made to suppress Pakistan’s rights, every citizen of the country would fight till the last breath to defend its sovereignty and independence. Addressing a press conference in Lahore, Naqvi rejected allegations linking Pakistan to the recent Pahalgam attack, reiterating that Pakistan is a peaceful nation and demands an impartial and transparent investigation into the incident. "Pakistan is ready to fully cooperate with any neutral party conducting a probe, as we seek to expose the real perpetrators behind the attack," he added. The warning follows the deadly gun attack in Indian Illegally Occupied Jammu and Kashmir (IIOJK), where 26 tourists were shot dead at a scenic location in the Pahalgam area. The victims included one Nepali national. Following the attack, India took unilateral and frivolous measures against Pakistan, suspending a water-sharing treaty, annou...
The Senate of Pakistan passed a unanimous resolution rejecting India's allegations linking Pakistan to the Pahalgam attack in Indian Illegally Occupied Jammu and Kashmir (IIOJK), labelling them as baseless and politically motivated. The resolution, presented during the Senate session, strongly condemned all forms of terrorism and emphasised that targeting innocent civilians goes against Pakistan's core values. It also denounced India's orchestrated propaganda campaign and unilateral suspension of the Indus Waters Treaty, terming it a violation that could be interpreted as an act of war. The resolution warned that Pakistan is fully capable of defending its sovereignty and territorial integrity against any aggression. It reaffirmed the country’s unwavering support for the Kashmiri people’s right to self-determination and demanded accountability from India for its acts of terrorism and targeted assassinations abroad, including on Pakistani soil. The resolution was in response to India's unilateral and frivolous ...