WASHINGTON: The US on Tuesday declared unwavering support to Pakistan in dealing with its economic woes and offered to ease Islamabad’s daunting debt burden.
“Pakistan has made progress to stabilize its economy and we support its efforts to manage its daunting debt burden,” the state department spokesperson, Matthew Miller, said during the daily briefing. Pakistan’s finance minister, Muhammad Aurangzeb, is in Washington to attend the IMF-WB Spring meetings and has been arguing for a new and expanded loan program so that the government could execute the economic reforms agenda.
“We encourage the government to prioritize and expand economic reforms to address its economic challenges,” the spokesperson said, adding that the US support for the country’s economic success is unwavering and “we will continue to engage with Pakistan through technical agreements as well as through our trade and investment ties, all of which are priorities of our bilateral relationship.” He also welcome the announcement that the IMF had reached a staff level agreement with Pakistan.
Responding to another question, the spokesperson reiterated that the U.S. encourages both India and Pakistan to avoid escalation and find a resolution through dialogue.
Two men had arrived to pick up their mother who had flown in from Pakistan, he said.
Aliya Hamza’s name is on top of list for reserved seats for women in National Assembly, whereas Lal Chand Malhi’s...
Islamic Ideology Council is consulted on any law related to religion
Sindh sustained about 83% of total housing damage inflicted by 2022 floods, with around 2.1 million houses either...
Kalri police registered FIR against eight masked men, who had been carrying weapons when they had taken away businessman
Meeting of Departmental Selection Board has been convened on August 6.