Pakistan

IMF to continue providing support to Pakistan after ‘new govt is formed’

Published

1 year ago

Farwa

“There is no concept of suspension within IMF programme,” IMF says.
Fund’s statement indicates the three-year EFF has been put on hold for the third time since it began in May 2019.
“Once a new govt is formed, we will enquire about intentions vis-a-vis programme engagement,” the statement is reads.

ISLAMABAD: Amid the ongoing constitutional crisis in the country, the dissolution of the National Assembly, and the announcement of early elections, the International Monetary Fund (IMF) Monday assured Pakistan that it would continue its support to the country “once the new government is formed.”

“There is no concept of suspension within the IMF programme,” the Fund said in a brief statement issued in this regard.

Speaking to Geo.tv, Pakistan-Kuwait Investment Company’s Head of Research Samiullah Tariq said: “I think as the country is in a [political] transition, they need authorities for commitment regarding policies.”

The statement from the IMF also indicates that the seventh review has ended and the three-year Extended Fund Facility (EFF) has been put on hold for the third time since it began in May 2019.

In May 2019, Pakistan and the IMF reached a staff-level agreement on economic policies for a three-year Extended Fund Facility (EFF).

Under the agreement, Pakistan was to receive about $6 billion for a period of 39 months, and so far it has received almost half it.

The IMF programme was scheduled to end in September.

Earlier, top official sources said the IMF and the now-former PTI-led government of Pakistan had reached a deadlock amid talks for the seventh review after the Fund discovered a yawning gap between the cost and official estimates provided by Pakistani authorities for the Prime Minister Imran Khan’s relief package and Kamyab Pakistan Programme (KPP).

Meanwhile, on the eve of voting on the no-confidence motion, former PML-N finance minister Miftah Ismail shared in an exclusive interview with The News that after PM Imran Khan is ousted from his office, the first thing the newly-formed government will do was to renegotiate with the IMF, convincing them to release remaining amount of the $6 billion loan tranche within a period of next six months.

However, all hopes shattered when National Assembly’s Deputy Speaker Qasim Suri barred the leaders from voting on the no-confidence motion, terming it “unconstitutional.”

Amid all the political drama that took place on April 3, the authorities were concerned about the reactions of the international institutions; however, the Fund reiterated its stance that it looks to continue its support to Pakistan.

“Once a new government is formed, we will engage on policies to promote macroeconomic stability, and enquire about intentions vis-a-vis programme engagement,” the statement is read.

Alpha Beta Core CEO Khurram Schehzad, however, believes IMF’s stance is a “usual thing”; because after the dissolution of the National Assembly, Pakistan does not have a finance minister at the moment, while the tenure of the State Bank of Pakistan (SBP) Governor Reza Baqir is about to end.

“For consultations with IMF two officials are important – finance minister and SBP governor,” he said.

The analyst, however, added that now when the new government would take charge they would initiate a new programme with the Fund or will convert the existing $6 billion programme.

“Under the current situation, chances are that the new government will negotiate with the Fund on the new programme,” he said. However, it is worth mentioning that one cannot rule out the idea that the already existing programme will be ended – it can continue as well (depending on the situation).

Pakistan

KU students end protest after ‘picked up’ student returns

Published

2 days ago

Farwa

KARACHI: Students of Karachi University called off their protest after a fellow student who was allegedly “picked up” from the varsity’s premises returned.

A KU student confirmed to Geo News that Saqib, the student who was allegedly “whisked away”, has returned.

The students of the varsity had launched a protest, earlier today, after Saqib was allegedly “taken away”.

The protesters told Geo News that the student, studying at the Department of Urdu, was allegedly whisked away by some people in plain clothes. They said the men claimed they were from a law enforcement agency.

However, KU Security Adviser Dr Moiz Khan said Rangers have disassociated themselves from the incident.

The university’s administration analysed the closed-circuit television (CCTV) footage to identify the students and the people who picked him up.

After the incident, the students staged a protest outside KU’s Silver Jubilee Gate and blocked the University Road.

However, upon the police’s request, they shifted their protest to the front of the varsity’s administration block.

The Islami Jamiat-e-Talaba (IJT) claimed that the student was its worker.

Pakistan

Jibran Nasir’s ‘kidnapping’ case registered hours after he was ‘picked up’ in Karachi’s DHA

Published

2 days ago

Farwa

Cases registered under sections 365 and 34 of PPC.
Nasir’s wife seeks immediate release of her husband.
Protest today at 4:00pm at KPC to demand Nasir’s release.

KARACHI: The port city’s police have registered a “kidnapping” case of prominent lawyer and human rights activist Jibran Nasir on the complaint of his wife, Mansha Pasha, hours after the advocate was “picked up” from Defence Housing Authority (DHA) area.

The case has been registered at the Clifton Police Station under two sections of the Pakistan Penal Code — 365 (kidnapping or abducting with intent secretly and wrongfully to confine a person) and 34 (Acts done by several persons in furtherance of common intention).

Pasha, a renowned actress, told police in an application earlier that her husband was “picked up” by men on Thursday night.

Mansha Pashas application to the police. — provided by the reporter — Mansha Pasha’s application to the police. — provided by the reporter

Police were at first, according to Pasha, not registering the FIR. She said she would move the court if the law enforcers did not register the case.

She stated: “On 01.06.2023 at about 11:00 pm, I was returning from dinner with my husband in our personal car … when a white color Toyota Hilux / Vigo … intercepted and hit our car from the front-left side and forced us to stop near Ideal Bakery on 26th Street, Defence Phase 5, Karachi.”

She further added: “Another vehicle i.e. a Silver Corolla blocked our vehicle from behind and as such, we were surrounded. Some 15 people along with weapons came out from the said vehicles in civil clothes and forced my husband to get out of the car, man-handling him towards the subject vehicle. They then abducted him and took him away and his whereabouts are unknown till now.”

In her application, she also requested immediate action be taken to ensure his swift release.

“In light of the above-mentioned situation, I have no other recourse than to approach your office for registration of my complaint for my missing husband. I would be thankful if an immediate action is taken for his swift release. Furthermore, action in accordance with law must be taken against those who abducted my husband,” she wrote.

Furthermore, Pasha told Geo News that a protest was being held at 4:00pm at the Karachi Press Club to demand her husband’s release.

Condemnations

As the news of Nasir’s abduction went viral, several people and human rights organisations condemned the incident.

Concerned by the abduction, they demanded that Nasir be returned home safely and quickly.

The Human Rights Commission of Pakistan (HRCP) took to Twitter stating: “HRCP is deeply concerned by reports that lawyer and activist [Jibran Nasir] has been abducted by unknown armed persons in Karachi. We demand that he be safely recovered immediately and his abductors held accountable under the law.”

Prime Minister’s Strategic Reforms Salman Sufi also tweeted his support for the human rights activist.

“Very disturbing to hear about [Jibran Nasir] abduction. Hope Sindh police will assist his family and locate him immediately. Jibran has always spoken against violent extremism and rioting. Hoping for his safe and immediate return,” he wrote.

Moreover, Imaan Mazari, the daughter of the former human rights minister Shireen Mazari expressed his dismay at the news.

“No words… complete madness,” she tweeted.

Pakistan

8-year-old girl raped in Islamabad

Published

2 days ago

Farwa

Afghan girl was raped by a man in broad daylight.
Case lodged at Shahzad Town Police Station.
Medico-legal official confirms the girl’s rape.

ISLAMABAD: An 8-year-old Afghan girl was raped by a man in broad daylight who managed to run away in the presence of residents of Mohallah Diptian falling in the jurisdiction of Shahzad Town Police Station, The News reported Friday.

The minor victim was shifted to a hospital where the medico-legal official confirmed the rape.

The Shahzad Town police have registered the case against the unidentified rapist under sections 376 and 377/B of the Pakistan Penal Code on the complaint of the father of the victim but couldn’t hunt down the rapist till the filing of this report.

Hazar Gul, an Afghan national, hailing from Jalalabad, lodged a complaint with the Shahzad Town, saying that he was living in Mohallah Diptian, located near Mariam Masjid with his family for a couple of months.

“I was present at my house along with my elder brother when we heard some noises from the street, we rushed out of the house and witnessed a young man running towards us, consequently, without knowing the reason for his escape, we both tried to intercept him but he succeeded to let loose from our clutches and ran off from our custody,” the complainant narrating his story, said.

However, he said, “We moved towards the place where people of the street were gathered and saw my minor daughter crying.”

Upon query, the minor victim told him the tale of the brutal attack on her, saying she was playing near her house when she was dragged by the rapist into an under-construction house and raped forcibly.

The DPO (Rural) has taken up the case and asked the Shahzad Town police to take the case as a challenge and use all their efforts to make headway to arrest the rapist, the police sources said.

The SP has constituted teams and sent them to different locations to get a clue about the rapist.

The sources added that the police have rounded up a few suspects for investigation, claiming that the police teams would make headway to the criminal and hunt him down within the next 24 hours.