Shehbaz hopes for program revival in meeting with IMF Chief

Shehbaz Sharif hopes funds allotted below IMF’s EFF shall be launched as quickly as potential n Tells IMF head all prior actions for ninth overview accomplished n Very happy to satisfy PM Shehbaz, Kristalina Georgieva says they mentioned how IMF can proceed to work intently with Pakistan.

PM Shehbaz meets Saudi Crown Prince, French chief Macron, Egypt president, UN Secretary Common and John Kerry on the margins of Pact Summit.

PARIS/ ISLAMABAD   –   The pinnacle of the Interna­tional Financial Fund (IMF) stated Thursday that she had ‘a fruitful dialogue’ with Prime Minister Shehbaz Shar­if on the sidelines of the Paris Summit. 

“Very happy to satisfy Pakistan PM @CMShe­hbaz on the margins of the Paris Summit. We had a fruitful discus­sion on how the IMF can proceed to work shut­ly with Pakistan on pol­icies to take care of mac­roeconomic stability and advance inclusive progress for the Paki­stani folks,” Kristalina Georgieva tweeted after her assembly with PM Shehbaz Sharif in Paris.

In accordance with Pakistani officers, PM Shehbaz Sharif and Managing Director Worldwide Financial Fund (IMF) Kristalina Georgieva met Thursday on the sidelines of New World Monetary Pact Summit and exchanged views on the continuing professional­gramme and coopera­tion between Pakistan and the IMF. Recall­ing their latest tele­telephone dialog on Could 27, Shehbaz Shar­if apprised Georgieva of Pakistan’s financial outlook. The prime minister out­lined the steps taken by the gov­ernment for financial progress and stability. He underscored that each one prior actions for the ninth overview below the Prolonged Fund Facility (EFF) had been complet­ed and the Authorities of Paki­stan was absolutely dedicated to ful­filling its obligations as agreed with the IMF.

The prime minister expressed the hope that the funds allocat­ed below the IMF’s EFF can be launched as quickly as potential. This might assist strengthen Pa­kistan’s ongoing efforts in direction of financial stabilisation, and convey reduction to its folks. The IMF man­growing old director shared her in­stitution’s perspective on the continuing overview course of. The assembly offered a helpful op­portunity to take inventory of the progress in that context.

Federal Minister for Local weather Change and Environmental Coor­dination Sherry Rehman; Feder­al Minister for Financial Affairs Sardar Ayaz Sadiq, Federal Min­ister for Data and Broad­casting Marriyum Aurangzeb, Minister of State for Finance and Income Aisha Ghaus Pasha, Spe­cial Assistant to PM Tariq Fatemi and Pakistan’s Ambassador to France, Asim Iftikhar Ahmad at­tended the assembly.

‘PM meets John Kerry’

Prime Minister Shehbaz Shar­if on Thursday stated the realisa­tion of the pledges for assets’ mobilisation below the Loss and Injury Fund established at COP 27 was of the utmost significance.

The prime minister, in a meet­ing with Particular US Presidential Envoy for Local weather John Kerry, on the sidelines of New World Fi­nancing Pact Summit right here, stated being a standard drawback, the environmental points required a joint technique and efforts. Each the leaders expressed good want­es for one another.

The prime minister appreciated John Kerry and the USA Administration for his or her prior­ities on the environment-relat­ed points. The primary-ever appoint­ment of John Kerry as Particular Presidential Envoy for Local weather additionally manifested the realisation of the significance of the problem. 

The prime minister noticed that environmental issues had been adversely affecting the de­velopment and progress fee of the growing international locations. He excessive­lighted that the unprecedented floods of 2022 had exacerbated the financial woes of Pakistan.

The prime minister urged the developed international locations to assist the growing world overcome the unfavourable impacts of the environ­psychological points on their progress fee. He believed that the New World Financing Pact Summit being held in Paris was a ray of hope for the growing world. 

Furthermore, he stated, the refor­mation of the worldwide fi­nancial infrastructure was additionally essential to offer assets to the growing international locations. 

John Kerry endorsed the prime minister’s viewpoint of threats posed by the local weather change to the growing world.

Each the leaders agreed to maintain up the contacts and con­sultation to hold out joint ef­forts for the aim.

‘PM SHEHBAZ MEETS UN SECRETARY GENERAL’

Prime Minister Muhammad Shehbaz Sharif on Thursday met United Nations Secretary Common Antonio Guterres on the sidelines of the Summit for New World Financing Pact right here and mentioned the challenges of local weather change being confronted by the world, particularly Pakistan.

The prime minister heat­ly welcomed the UN Secretary Common and expressed his greatest needs for him. In response the Secretary Common additionally ex­pressed goodwill to PM Sharif.

Shehbaz Sharif informed the UN Secretary Common that he con­sidered him the benefactor of Pakistan as “we can not overlook your assist over the past 12 months’s floods”. He stated the UN Secretary Common himself was a witness to the devastation attributable to the local weather change within the nation. 

The prime minister additionally in­shaped the UN Secretary Gen­eral concerning the measures taken by the federal government for rehabili­tation and reconstruction of the flood-hit areas.

“Reconstruction of the infra­construction affected by the floods and rehabilitation of the flood affected folks is the govern­ment’s prime precedence,” he added. 

He stated because of the local weather adjustments, monetary burden on the growing international locations had been elevated manifold as they had been going through new challenges to lift the financial progress and preserve fiscal balances.

PM Shehbaz referred to as for utiliz­ing the Loss and Injury Fund to offer monetary help to the growing international locations.

The summit in Paris for the New World Financing Pact was a superb begin in the fitting route, he added.

He stated together with local weather jus­tice, a good perspective was additionally re­quired within the distribution of world monetary assets with growing international locations.

The UN Secretary Common ap­preciated the dedication of the prime minister and his govern­ment for the rehabilitation of the flood victims.

‘PM SHARIF MEETS SAUDI CROWN PRINCE MUHAMMAD BIN SALMAN’

Prime Minister Muhammad Shehbaz Sharif on Thursday met Crown Prince and Prime Minis­ter of the Kingdom of Saudi Ara­bia Prince Muhammad bin Salman right here on the sidelines of the Sum­mit for New World Financing Pact.

Moreover discussing issues re­lating to mutual pursuits, the 2 leaders agreed to additional ex­pand the shared actions to professional­mote bilateral cooperation in various areas. Prime Minister Sharif expressed his greatest needs to the Saudi Crown Prince. Prince Muhammad bin Salman additionally ex­pressed his goodwill for the Paki­stani authorities and its folks.

‘SUPPORT TO DEVELOPING STATES’

Prime Minister Shehbaz Sharif on Thursday stated that supporting the debt-burdened growing international locations below New World Fi­nancing Pact was the necessity of the hour for the reduction of their folks.

The prime minister, in a meet­ing with French President Em­manuel Macron on the sidelines of the New World Financing Pact Summit being held right here, stated the disastrous impacts of local weather change had exacerbat­ed the difficulties of the already struggling growing states.

He appreciated the French president for internet hosting the Sum­mit and welcoming him to the occasion in addition to for the nice and cozy hospitality. The prime minister paid tribute to the French pres­ident for taking a “daring step” in direction of the event of a system primarily based on monetary eq­uity for the growing world confronted with the challenges just like the dearth of assets, debt burden, curiosity funds, and stalled growth. The prime minister appreciated President Macron for his effort towards evolving a worldwide con­sensus. The French president thanked the prime minister for collaborating within the Sum­mit. Throughout the assembly, each leaders additionally mentioned different issues of mutual curiosity and agreed to maintain up the contacts.

‘PAKISTAN, EGYPT AGREE TO STRENGTHEN COOPERATION’

Prime Minister Shehbaz Shar­if on Thursday met with Presi­dent of Egypt Abdel Fattah el-Si­si right here whereby the 2 leaders agreed to strengthen bilateral cooperation in a number of fields.

The prime minister stated that the institution of Loss and Injury Fund at COP27 held in Sharm El-Sheikh was an import­ant growth. He stated the Loss and Injury Fund had laid the premise for an essential mile­stone on the world degree.