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UN chief urges IMF, WB to help Pakistan in its reconstruction efforts in flood-hit areas

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  • Pakistan needs a strong expression of international solidarity, says UNSG.
  • UNSG will co-host Geneva conference with PM Shehbaz on Jan 9.
  • Guterres urges Taliban not to let Afghan soil be used for attacks on Pakistan.

United Nations Secretary-General (UNSG) Antonio Guterres has urged the interim Afghanistan government not to allow terrorist organisations to use Afghan soil to carry out attacks on Pakistan and called on the International Monetary Fund (IMF), World Bank, and the international community to support Pakistan in dealing with the extended devastation of the unusual floods.

Addressing a year-end press conference at UN Headquarters in New York, Guterres said the UN is holding talks with the interim authorities in Afghanistan.

He said they believe the Taliban must deliver from the point of view of the interests of the international community and the interest of Afghanistan itself.

The UNSG also urged IMF, World Bank, and the international community to support Pakistan in dealing with the aftermath of the floods that wreaked Havoc in the country in July-September.

Talking about his expectations from the Geneva conference on January 9 aimed at rallying support for the flood-hit country for rehabilitation work, the UNSG said Pakistan needs strong support as one-third of the country was under water.

The secretary-general will co-host the Geneva conference with Prime Minister Shehbaz Sharif. 

Guterres said he is in contact with the IMF and World Bank and hoped these organisations would take noteworthy efforts to support Pakistan.

The UN chief said Pakistani people deserve and need a strong expression of international solidarity as floods affected 33 million and killed over 1700 people.

UNSG’s visit to Pakistan

Back in September, the UNSG paid a two-day solidarity visit to Pakistan amid devastating floods. He visited flood-affected areas and stressed the need for developed nations to assist Pakistan, saying that the international body’s help is “a drop in the ocean” compared to what is needed to rebuild.

During his visit to the flood-affected areas and camps under scorching heat, the UN secretary-general was overwhelmed by the scale of devastation that has engulfed Pakistan, PM Shehbaz told. 

He maintained that the UN chief’s voice has become the voice of flood victims.

Stressing the need for international support to deal with the natural catastrophe and control over carbon emissions, the prime minister said that the world should pay heed to what he said about climate change.

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government contests Imran Khan and Qureshi’s exoneration in the cipher case

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On Thursday, the federal government led by Prime Minister Shehbaz Sharif filed a lawsuit in the Supreme Court contesting the exoneration of former Foreign Minister Shah Mehmood Qureshi and former Prime Minister Imran Khan in the well-known cipher case.

Citing procedural and jurisdictional issues, the Ministry of Interior has appealed the Islamabad High Court’s (IHC) ruling.

In hearing the cipher case, the High Court allegedly overreached its power, arguing that judges cannot change laws where Parliament has not expressly passed legislation.

Despite receiving government-funded legal representation, the petition emphasized Imran Khan and Shah Mehmood Qureshi’s lack of cooperation during the trial, submitting 65 separate motions and neglecting to cross-examine witnesses.

The petition contended that in order for a retrial to satisfy legal standards, the High Court should have ignored important evidence that was given during the trial. It requests that the appeals contesting the IHC’s June 3 acquittal be given a hearing date by the Supreme Court.

Case history

The cipher issue concerns a supposed diplomatic document that disappeared from Imran Khan’s custody. The cipher allegedly contained threats from the US to remove Khan from office, according to the Pakistan Tehreek-e-Insaf (PTI) party. Shah Mehmood Qureshi and several aides, including Asad Umar, are named in the First Information Report (FIR) submitted by the Federal Investigation Agency (FIA) in accordance with Section 34 of the Pakistan Penal Code and Sections 5 and 9 of the Official Secrets Act.

The then-foreign secretary received a diplomatic cipher from Washington on March 7, 2022, according to the FIR. The lawsuit claims that by manipulating the data for their own benefit, Khan and Qureshi put the safety of the country at risk. It alleges that on March 28, 2022, Khan secretly met at his Bani Gala home and gave his Principal Secretary, Muhammad Azam Khan, instructions to change the content of the cipher to his advantage, jeopardizing national security.

The document asserts that Khan still has custody of the cipher, jeopardizing Pakistan’s encrypted messaging systems and possibly helping foreign forces, which would be detrimental to the nation. A complaint has been filed by the FIA’s Anti-Terrorism Wing against Khan, Qureshi, and other individuals for improper use of state secrets and unapproved possession of the cipher.

Acquittal by the Islamabad High Court

In the cipher case, on June 3, the IHC cleared Khan and Qureshi when Justice Aamir Farooq issued a succinct ruling in their favor. Their sentences were appealed in the case, which has since been a source of political and legal controversy, leading to their acquittal.

This acquittal and the ongoing legal and political struggles surrounding the cipher case are highlighted by the government’s subsequent move to contest it.

With potentially huge ramifications for the parties involved and the larger political scene, the Supreme Court’s decision over whether to hear the appeal will be keenly scrutinized.

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Shahid Khaqan Abbasi urges political stability in order to accelerate economic expansion.

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Shahid Khaqan Abbasi, the former prime minister, emphasized on Thursday how important political stability is to Pakistan’s economic development and how the nation cannot prosper without it.

His concern was that export growth had not progressed, and he emphasized that stability in the current climate is vital to draw investments and carry out the necessary reforms.

In his criticism of the tax system, Abbasi brought up the erratic nature of tax laws and the transient nature of the most recent tax slab implementation. Insisting that difficult choices are unavoidable for economic recovery, he emphasized the necessity of designing a tax system that is equitable and does not burden the people.

Furthermore, arguing that the effectiveness of organizations like the Federal Board of Revenue (FBR) and National Accountability Bureau (NAB) is essential for economic governance and transparency, Abbasi urged for changes within these and other organizations.

Abbasi, in his discussion of more comprehensive fiscal plans, suggested that the National Finance Commission (NFC) award be reviewed again and that power distribution companies (DISCOs) be decentralized to the provinces.

In order to reduce inefficiencies and corruption at the provincial level, he recommended looking into ways to share the cost of defense spending and decentralize the management of energy resources.

In closing, Abbasi emphasized that Pakistan’s economic trajectory will stay stagnant unless comprehensive changes are implemented immediately. To move the nation towards sustainable progress, he urged policymakers to give stability and structural reforms first priority.

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Through in-app QR payments, Zindigi and SBP streamline transactions involving sacrificial animals.

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With its in-app QR code payment system based on Raast, Zindigi—powered by JS Bank—has elevated the convenience of cashless payments for the procurement of sacrificial animals to a whole new level for Eid ul Adha.

This program uses QR code payments to streamline transactions for sacrificed animals for the general public and traders. It is a component of the State Bank of Pakistan’s Raast quick payment service.

This feature enables users of Zindigi and users of any digital banking apps or wallets to safely and easily make payments at certain cattle markets throughout Pakistan using Zindigi QR. The consumer must scan the QR code of the livestock merchant and pay the transaction amount in order to complete the payment.

In order to further financial inclusion and digital innovation in Pakistan’s developing economy, Zindigi and the State Bank of Pakistan have partnered. Both organizations are committed to improving the efficiency and accessibility of financial services, especially on holidays such as Eid ul Adha, by utilizing the most recent developments in fintech.

One of the most important steps toward promoting financial inclusion and economic empowerment at the local level is the integration of livestock markets into the digital economy. Farmers and retailers may take charge of their financial operations and help realize the larger goal of an inclusive digital Pakistan by adopting digital payments.

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