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Dar reiterates Pakistan’s commitment to IMF programme

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12 months ago

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  • Commitment comes during Dar’s meeting with US diplomat.
  • He apprises the American diplomat about economic situation.
  • Schofer confident in Pakistan’s policies and programmes.

ISLAMABAD: In a meeting with US Embassy Charge’d Affaires Andrew Schofer, Finance Minister Senator Ishaq Dar on Wednesday reiterated the federal government’s commitment to the International Monetary Fund (IMF) programme.

During the meeting at the Finance Division, the finance minister informed Schofer about the ongoing IMF programme and assured him that the coalition government “is committed to completing the programme”, according to a statement released by the Ministry of Finance.

In response, the statement said, Schofer voiced his confidence in Pakistan’s policies and programmes for economic stability and extended his support to advance the existing economic and trade relations between the two states.

The finance minister apprised the American diplomat about the economic situation and discussed the current challenges it was facing.

He further communicated about the difficult policy decisions recently being taken by the government with the aim of stabilising and subsequently boosting the economy, ensuring sustainable and inclusive growth.

During the meeting, Schofer and Dar also exchanged views on “remarkable bilateral relations held with the United States on economic and trade fronts”.

Dar thanked the US charge’d affaires and reiterated the government’s desire to expand bilateral trade and investment ties with the US.

The meeting comes a day after The News — citing sources — reported that Pakistani authorities and the Washington-based lender were blaming each other for the delay in the revival of the bailout programme.

Official sources told the publication on Monday that both the IMF and Pakistan were holding each other responsible for the “unwarranted delay” in the completion of the outstanding ninth review and reviving the stalled programme after the lapse of almost 80 days since both sides completed Islamabad parleys on February 9.

According to the report published in The News, Pakistan’s options for reviving the IMF programme are shrinking with the passage of every day. It is yet to be ascertained how the country will proceed to accomplish the existing IMF programme, which expires on June 30, 2023.

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The inaugural flight of Azerbaijan Airlines is between Baku and Karachi.

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16 hours ago

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The national airline of Azerbaijan launched direct flights from Baku to Karachi today. There will be two weekly flights on this route, on Thursdays and Sundays.

The first flight will land in Karachi, and Azerbaijan’s ambassador, Khazar Farhadov, will be there to greet it.

This evening also marks the departure of the inaugural flight from Karachi to Baku, in addition to the arrival of the flight from Baku.

Azerbaijan Airlines said last month that it would be growing its network and flight operations in Pakistan.

Aviation insiders have verified that Azerbaijan Airlines is preparing to launch service to Karachi in the coming month of April.

In addition to its current services in Islamabad and Lahore, the airline plans to launch its Karachi route on April 18, with the inaugural flight anticipated to depart on that date.

Azerbaijan Airlines has been given permission to operate flights on the Karachi route, according to sources within the Civil Aviation Authority (CAA).

Following a bilateral agreement between the two nations, Azerbaijan Airlines has been given permission to extend its operations in Pakistan.

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Fly Jinnah opens a new route internationally.

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16 hours ago

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Two weekly flights will be the starting frequency of the new route, which will connect the two cities.

According to a representative for Fly Jinnah, the company is pleased to announce the opening of a third international route from Islamabad to Muscat, the capital city of Oman, marking another significant milestone after the successful debut of flights from Islamabad and Lahore to Sharjah.

According to him, this development is in line with our goal of giving our clients more options for reasonably priced, value-driven local and international air travel.

The airline serves five main cities in Pakistan: Karachi, Lahore, Islamabad, Peshawar, and Quetta. Its fleet consists of five Airbus A320 aircraft, all of which are contemporary.

In addition to the current flight path to Sharjah, United Arab Emirates, this new route expands Fly Jinnah’s network of foreign destinations.

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Tajir Dost app: traders don’t seem interested in registering

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17 hours ago

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To tax retailers in Pakistan, the Tajir Dost app was released. The sources stated that the government hopes to tax 3.5 million merchants through the app.

Ajmal Baloch, the president of All-Pakistan Anjuman-e-Tajran, stated that he made reservations with FBR on the SRO within a week.

The Federal Board of Revenue (FBR), according to him, cannot be a “Tajir Dost” because of its unethical actions.

Baloch believed that since electricity bills allow traders to pay a predetermined advance income tax, further taxes are unnecessary.

The trader, according to him, is already paying thirteen different kinds of taxes on the commercial meter. “A trader already pays between Rs. 15,000 and Rs. 20,000 in taxes annually, but you are requesting Rs. 1,200 per month in taxes.”

Mr. Ajmal summoned representatives of the Federal Board of Revenue (FBR) to a meeting with the trade associations to talk about the indirect taxes that the merchants are paying.

Additionally, he claimed that FBR officers are charging the traders, the majority of whom are less educated, “monthly charges.”

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