IMF MD Kristalina excuses PM’s invitation to attend Geneva moot

Latest Jan, 7 2023
IMF MD Kristalina excuses PM’s invitation to attend Geneva moot
  • 163
  • 0

ISLAMABAD: International Monetary Fund (IMF) Managing Director Kristalina Georgieva declined Prime Minister Shehbaz Sharif’s invitation to attend Climate Resilient Pakistan Conference in Geneva, however, showed willingness to attend moot virtually. PM Shehbaz extended an invitation to Georgieva to participate in conference in Geneva, IMF Chief thanked for invitation but explained that as IMF board meetings had been prefixed for January 9-10, “She will only be able to join conference virtually”, statement issued by Prime Minister’s Office said. “Georgieva called PM Shehbaz over telephone and expressed her deep sympathy and concern on human and material losses due to recent floods and reiterated her commitment to helping Pakistan in this difficult period,” it added.

Premier thanked her for concern about fallout of floods and assured her that Pakistan is “Committed to successfully completing ongoing IMF programme”. Earlier today, PM Shehbaz said an IMF delegation was slated to visit Pakistan in two-three days to “Take up and finalise” ninth review of economy to unstick direly needed bailout tranche of $ 1.1 billion. “I spoke to Georgieva and emphasised that Pakistan wishes to complete IMF bailout programme,” he said during an address at inauguration ceremony of Hazara Electric Supply Company. Meanwhile, Federal Minister for Finance and Revenue Ishaq Dar discussed the forthcoming donor conference in Geneva during a virtual meeting with Asian Infrastructure Investment Bank President Jin Liqun. The Ministry of Finance, in a statement issued in this regard, said that Dar apprised the AIIB president of damages caused by the rain-induced floods in Pakistan and its impact on the economy.

“The finance minister highlighted the economic outlook of the country and said that the present government inherited a weak economic legacy but is focusing on fixing things in the right direction and is introducing reforms in all sectors to achieve economic growth and development,” the statement read. Dar claimed that due to pragmatic measures taken by the government, “the country is destined for progress and development.”

Published in The Daily National Courier, January, 07 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

Our Correspondent
Our Correspondent https://www.dailynationalcourier.com/author/our-correspondent
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

PIA flight steward suspended for smuggling 16 mobile phones

KARACHI: Senior flight steward of Pakistan International Airlines (PIA), Faisal Majeed Pehnwar, was suspended for smuggling mobile phones from Canada. According reports, Customs officials discovered 16 mobile phones hidden on his person, leading to i...

Gold price per tola decreases Rs900

Karachi: Gold price  declined in line with decrease in international rate. In local market, price of gold per tola was down by Rs 900, clocking in at Rs 283,400 per tola. Similarly, ten gram gold was sold at Rs 242,970 after it recorded decrease...

PSX, KSE-100 gains 202pts

KARACHI: Pakistan Stock Exchange (PSX) KSE-100 Index registering new highs, briefly crossing 91,000 level for first time during intra-day trading. KSE-100 started session positive, hitting an intra-day high of 91,054.84, followed by some selling in s...

PM Shehbaz to attend Future Investment Initiative in SA on Oct 29-30: FO

Islamabad: Prime Minister Shehbaz Sharif will undertake two-day official visit to Kingdom of Saudi Arabia to attend 8th Edition of Future Investment Initiative (FII) being held in Riyadh from October 29 to 30, Foreign Office said. During visit, he i...

More like this
Related

ECC bans export of sugar

Islamabad: Economic Coordination Committee (ECC) of Cabinet has imposed ban on export of sugar. According to Ministry of Finance officials, this decision aims to curb escalating sugar prices domestically. Chaired by caretaker Finance Minister Dr. Sha...

PPP CEC decides to advocate general elections in 90 days

KARACHI: Pakistan Peoples’ Party Central Executive Committee decided to advocate organisation of general elections in 90 days.Bilawal Bhutto Zardari chaired session of PPP CEC to make key decisions including general elections and consultations...

PTI reiterates call for election within 90 days

ISLAMABAD: Pakistan Tehreek-e-Insaf has urged electoral watchdog to drop process and conduct polls with 90 days. Both parties made their position clear when ECP officials met them as part of its consultations with major political parties on election...

Bilawal, UN Secy Gen discuss revival of Black Sea Grain Initiative

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari held telephone conversation with United Nations Secretary General Antonio Guterres and shared Pakistan’s perspective on stalling of Black Sea Grain Initiative (BSGI) and its implications for fo...
Need Help? Chat with us