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

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  • “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

Pakistan to ‘ascertain facts’ on Afghan minister using its passport

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  • Haqqani possessed a Pakistani passport until recently: report.
  • FO says the answer will come only after facts are ascertained.
  • US officials are set to visit Pakistan to discuss several matters.

ISLAMABAD: Pakistan said Thursday it will first ascertain facts before issuing a comment on a report that claims that Afghanistan’s acting Interior Minister Sirajuddin Haqqani possessed a Pakistani passport until recently.

In her weekly press briefing, Foreign Office (FO) spokesperson Mumtaz Zahra Baloch said: “I have seen the report on the use of a Pakistani passport by the Afghan minister. The matter will be answered after [ascertaining] the facts.”

A report published in The News today revealed that Haqqani was issued a Pakistani passport for five years which he used to travel abroad, particularly to Qatar for negotiations with the United States for the signing of the Doha Agreement that resulted in the latter’s exit from Afghanistan.

The publication, via the interior ministry officials, learnt that these passports were issued from different cities of Khyber Pakhtunkhwa, Balochistan, and Sindh.

Meanwhile, two passport officials involved in issuing Haqqani’s passport have been arrested, one of whom had retired from service by the time the action was initiated against him.

The issue around the minister using the Pakistani passport comes at a time when Pakistan continues to repatriate illegal foreigners, most of whom are undocumented Afghan migrants.

Baloch also briefed the presser about top officials from the United States visiting Pakistan this week.

“The focus of these visits is not only Afghanistan. These visits are related to the multifaceted aspects of Pakistan-US relations,” she said, adding that Pakistan has decided to talk to America.

Pakistan and the US will conduct consultations over several issues including the situation in Afghanistan, the FO said last week.

In the meetings between Pakistan and US officials, reservations of both sides will be discussed. “We will also discuss the issues on which we have objections.”

Updated list of Afghans from US

The spokesperson further shared that Pakistan has received an updated list from the American authorities regarding the transfer of Afghan nationals to the US.

Last month, a coalition comprising former high-ranking United States (US) officials and resettlement organisations issued an urgent appeal to Pakistan, urging it to not deport Afghan individuals applying to seek refuge in and visas for the US.

The appeal came weeks after Pakistan announced November 1 as the deadline for all undocumented migrants — a substantial number of whom are Afghans — residing in the country to either leave on their own or face expulsion once the ultimatum ends.

The population of the aforementioned migrants includes roughly 20,000 or potentially more Afghans, who escaped their homeland following the Taliban’s return to power in 2021. Many of these migrants in Pakistan are awaiting their applications for the US Special Immigration Visas (SIVs) or refugee resettlement in the United States to be processed.

Commenting on regular skirmishes at the Pakistan-Afghanistan border, the spokesperson said: “There are often misunderstandings between the border authorities. These misunderstandings are cleared through communication channels.”

She added that the Torkham border was opened for all kinds of traffic yesterday.

Israels’ ‘barbaric attacks’

The FO yet again condemned the continuous Israeli aggression in the Gaza Strip, stating that the situation in the Strip is rapidly deteriorating.

“No place in Gaza is safe for the public,” Baloch said.

The UN Security Council must perform its primary responsibility under the Charter, impose an immediate and unconditional ceasefire and protect the people of Gaza from an impending genocide, the FO spokesperson said.

“We call on Israel’s backers to urge Israel to end its barbaric attacks and inhumane siege against Gaza,” she added.

The spokesperson further stated that Pakistan calls for an international conference for long-term peace on the Palestinian question.

“Durable peace in the region will emerge from the internationally agreed two-state solution and from the creation of a secure, viable, contiguous, and sovereign state of Palestine on the basis of the pre-June 1967 borders, with Al-Quds Al-Sharif as its capital,” she said.

Baloch also spoke about the United Nations Secretary-General Antonio Guterres’s efforts for Palestinians.

The head of the UN warned that he expects “public order to completely break down soon due to the desperate conditions” in Gaza, currently under relentless Israeli bombardment and invoked Article 99 of the UN Charter for the first time in his tenure owing to the gravity of the humanitarian crisis in the Strip.

‘Pakistani citizens welfare top priority’

During the presser, Baloch commented on the recent revelations regarding Dr Aafia Siddiqui, a Pakistani neuroscientist jailed in the United States for over a decade.

According to her lawyer, the Pakistani doctor has been sexually assaulted at least two times during her incarceration.

“The statements related to Aafia Siddiqui are serious,” the spokesperson said.

She further added that Caretaker Prime Minister Anwaar-ul-Haq Kakar has instructed that the matter should be taken up with the US Department of State and investigations should be conducted.

“The welfare of Pakistani citizens is among our priorities,” Baloch reiterated.

She also spoke about the acid attack on former special assistant to the prime minister Shahzad Akbar last week.

“Shahzad Akbar did not seek help from the Pakistani High Commission in this regard,” she said.

The FO strongly rejected the allegations of involvement of Pakistani agencies in the incident. “Pakistan has faith in the British authorities’ investigation.”

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Bahawalpur Zoo closed after man mauled to death by lions

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  • CM Punjab forms committee to probe Bahawalpur incident.
  • Victim has not been identified yet; zoo closed till probe is completed.
  • Postmortem carried out at Bahawal Victoria Hospital.

LAHORE: Bahawalpur’s Sherbagh Zoo was closed till the investigations are completed into an incident in which the lions mauled a man to death, Curator Ali Usman Bukhari told Geo News Thursday.

Caretaker Chief Minister Punjab Mohsin Naqvi and Commissioner Bahawalpur have constituted separate committees to investigate the shocking development.

According to the zoo administration, the body has not been identified yet.

Meanwhile, the preliminary postmortem report, that was carried out at the Bahawal Victoria Hospital revealed that the man was ripped apart by the big cats. It further stated that the man attempted to defend himself but the animals mauled him to death.

The administration shared that it has yet to be figured out how the man was able to get inside the enclosure.

On Wednesday, a man was found dead inside the enclosure by staff carrying out routine cleaning.

The body was found after the staff spotted a shoe in the mouth of one of the big cats.

“When they cleaned the zoo and the dens, they found the (animal) holding a shoe in its mouth,” Zaheer Anwar, a senior government official in Bahawalpur, told the media.

“The staff got suspicious and then they found a body inside the den,” he said.

The official described the big cat using a word that in Pakistan can mean tiger or leopard, and both are believed to be housed inside the zoo.

“Our assessment so far is that this appears to be a lunatic, because a sensible person would not jump into the den,” Anwar said.

“You can see that the den is secured. There are stairs behind the den, maybe he jumped from there.

“(The) staff are all accounted for.”

Zafarullah, an official of the rescue service 1122 in Bahawalpur, told AFP that the victim’s legs had been heavily mauled.

“It is yet not known who he is and how he got there. It is being investigated. The body looked several hours old,” said Zafarullah, who goes by one name.

He said forensic experts were examining the body.

The zoo is run by Punjab’s wildlife department, according to its website, and costs adults 50 rupees (18 cents) to enter.

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Housing societies to get RLNG amid ban on new gas connections

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  • About 3.3 million applications currently pending with gas companies.
  • Local gas may cater to country needs for 6-7 years only.
  • New LNG terminal needed for RLNG supply to all applicants.

In a significant development, the government has decided to issue instructions to the northern and southern Sui gas companies to provide Re-Gasified Liquefied Natural Gas (RLNG) connections to all housing societies that are not currently connected with the natural gas distribution network.

The RLNG connections will be provided at the full price, which is estimated to be over $12 per MMBtu (Rs3700 per MMBtu), reported The News on Thursday.

It has been decided that the cost of RLNG connections, including transportation and distribution losses, will be fully recovered from the residents of the housing societies.

“About 200 housing societies require gas connections, but the government has asked them that local gas production has tumbled to just 3.2bcfd which is further dwindling at a fast pace and only RLNG can be provided to them. The local gas may cater to country needs for six to seven years only,” top officials of the Energy Ministry told The News.

About 3.3 million applications are currently pending with the gas companies which also include those applicants who reside in areas that are connected to gas transmission and distribution networks.

“We will not provide the RLNG connection to those who are connected with the existing gas distribution network as after getting the RLNG gas connection, consumers can take the gas companies to court on the grounds of discrimination in charges.”

If the government provides, the official said, the RLNG supply to all 3.3 million applicants, then it will have to import 800 mmcfd of gas for which a new LNG terminal is needed to import the LNG.

However, for housing societies with just 50,000 applicants, only 10-20 mmcfd RNLG is enough.

The officials said, “So we have decided to provide the RLNG at full price to the housing societies instead of local gas.

“There has never been a moratorium on the provision of RLNG to housing societies, but gas companies were under the wrong impression because of the moratorium imposed on local gas connections despite a decision by the federal cabinet in 2017 under which the ban on gas connections based on local gas was imposed, but not on RLNG connection.”

They said, “Now the Petroleum Division authorities have decided to issue clear directions to the gas companies to this effect so that they can start giving the RLNG gas connections to housing societies that are not connected to the existing distribution network.”

“We are in the process of making a summary which after more consultation will be put before the CCoE for the decision of issuance of the direction to gas companies for RLNG connections,” the officials said.

“Another option is to keep in view the federal government’s decision of 2017, based on which the Petroleum Division may be asked to issue the clarification to the gas companies. This way, fresh approval by CCoE won’t be required,” the officials added.

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