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Finance adviser in-waiting Miftah Ismail said on Tuesday that the new government would restart negotiations with the International Monetary Fund (IMF) for balance of payments support, accusing the PTI government of leaving behind an unprecedented economic mess, including the highest-ever fiscal deficit of Rs6.4 trillion (slightly more than 10% of GDP). “The most crucial issue is to stabilise and increase falling foreign exchange reserves,” he stated. “It’s critical to move the IMF programme ahead with mutual understanding.” In response to a question, he stated, “We will move through with the present programme and complete its three reviews by September,” referring…

ISLAMABAD: Prime Minister Shehbaz Sharif reaffirmed the importance of collaboration with the US and India on Tuesday, promising Beijing that relations will be deepened further. In response to a White House statement on Mr Sharif’s appointment as Prime Minister, the Prime Minister’s Office said, “The new administration aspires to work constructively and positively with the US to pursue shared goals of peace, security, and development in the region.” Jen Psaki, the White House press secretary, previously stated that a democratic Pakistan was essential to US interests. After Pakistani Prime Minister Imran Khan accused the US of plotting to destabilise his…

According to Pentagon spokesman John Kirby, the US has a “strong military-to-military relationship with Pakistani armed forces,” and “we have every expectation that will be the case in the future.” The remarks from the top Pentagon official come only two days after Shehbaz Sharif was elected Prime Minister of Pakistan, succeeding Imran Khan, who was deposed by parliament last week. In a press conference on Tuesday, Kirby said the US and Pakistan shared interests in “that part of the world” in terms of security and stability. “We acknowledge Pakistan’s importance in the region. We acknowledge that Pakistan and its people…

After Shehbaz Sharif was sworn in as Pakistan’s 23rd prime minister on April 11, congratulatory letters from heads of state from around the world, including Russia, began to stream in On Tuesday, Russian President Vladimir Putin congratulated the newly appointed prime minister, saying that he hopes Shehbaz’s activities will “contribute to the further development of Pakistan-Russia cooperation and partner interaction on the Afghan settlement as well as countering international terrorism,” according to a statement from Russia’s embassy in Pakistan.Prior to Putin, Shehbaz had received congratulations from Turkish President Recep Tayyip Erdogan and Indian Prime Minister Narendra Modi on his election.…

According to sources, newly elected Prime Minister Shahbaz Sharif presided over an emergency meeting on Wednesday regarding the energy sector in order to control the prices of petroleum products and provide maximum relief to the masses. The meeting was attended by former Prime Minister Shahid Khaqan Abbasi, former Finance Minister Miftah Ismail, the chairman of the Oil and Gas Regulatory Authority (OGRA), and the finance and petroleum division secretaries.Various measures to control the country’s skyrocketing petrol prices were discussed at the meeting. The participants in the huddle were given an overview of the country’s current fuel pricing structure. The meeting…

The PTI has rescheduled a public gathering set on April 24 in the historic Minar-e-Pakistan grounds in Lahore. Former federal minister of education and professional training Shafqat Mahmood confirmed the news, saying the public meeting will now be place on April 21.He insisted that PTI Chairman Imran Khan will speak at a major event planned as part of the party’s outreach drive following the demise of the PTI administration. The Pakistani People’s Party (PTI) has stated that the no-trust motion is a plot against their administration. It’s worth noting that the PTI’s public meeting was originally set on April 23,…

Prime Minister Shahbaz Sharif has arrived in Karachi for his first official visit since assuming office. On arriving at the PAF Airbase Faisal, Sindh Chief Minister Murad Ali Shah greeted Prime Minister Shahbaz Sharif. On this occasion, the whole provincial cabinet was present. Former Prime Minister Shahid Khaqan Abbasi was attended by PML-N spokeswoman Maryam Aurangzeb, Miftah Ismail, MQM-P Convener Khalid Maqbool Siddiqui, JUI-Akram F’s Khan Durrani, Maulana Asad Mehmood, and other affiliated party officials. The Sindh chief minister greeted any prime minister at the airport for the first time in a long time. CM Murad has only met the…