AVN 65.45 Increased By ▲ 0.50 (0.77%)
BAFL 30.65 Decreased By ▼ -0.86 (-2.73%)
BOP 4.83 Increased By ▲ 0.04 (0.84%)
CNERGY 3.72 Decreased By ▼ -0.12 (-3.13%)
DFML 14.26 Decreased By ▼ -0.15 (-1.04%)
DGKC 41.06 Decreased By ▼ -0.54 (-1.3%)
EPCL 46.56 Decreased By ▼ -0.14 (-0.3%)
FCCL 11.35 Increased By ▲ 0.06 (0.53%)
FFL 5.03 Decreased By ▼ -0.02 (-0.4%)
FLYNG 5.78 Decreased By ▼ -0.04 (-0.69%)
GGL 10.28 Decreased By ▼ -0.17 (-1.63%)
HUBC 67.03 Increased By ▲ 1.39 (2.12%)
HUMNL 5.68 Increased By ▲ 0.02 (0.35%)
KAPCO 27.85 Increased By ▲ 0.10 (0.36%)
KEL 2.19 Increased By ▲ 0.04 (1.86%)
LOTCHEM 24.83 Increased By ▲ 0.48 (1.97%)
MLCF 21.37 Decreased By ▼ -0.11 (-0.51%)
NETSOL 84.20 Decreased By ▼ -0.59 (-0.7%)
OGDC 85.94 Decreased By ▼ -1.31 (-1.5%)
PAEL 11.01 Increased By ▲ 0.03 (0.27%)
PIBTL 4.17 Decreased By ▼ -0.05 (-1.18%)
PPL 74.56 Decreased By ▼ -1.14 (-1.51%)
PRL 13.40 Decreased By ▼ -0.25 (-1.83%)
SILK 0.92 Increased By ▲ 0.03 (3.37%)
SNGP 40.44 Decreased By ▼ -0.89 (-2.15%)
TELE 5.86 Increased By ▲ 0.01 (0.17%)
TPLP 15.42 Decreased By ▼ -0.22 (-1.41%)
TRG 111.63 Decreased By ▼ -0.07 (-0.06%)
UNITY 13.76 Decreased By ▼ -0.22 (-1.57%)
WTL 1.14 Decreased By ▼ -0.02 (-1.72%)
BR100 4,037 Decreased By -26.9 (-0.66%)
BR30 14,412 Decreased By -56.6 (-0.39%)
KSE100 40,471 Decreased By -262.4 (-0.64%)
KSE30 15,163 Decreased By -67.2 (-0.44%)
Pakistan

PM Shehbaz lauds outgoing finance minister Miftah over IMF programme revival

  • 'I have the highest respect for the professionalism and commitment with which he served the nation', says PM
Published September 28, 2022
Follow us

Prime Minister Shehbaz Sharif on Tuesday lauded the performance of outgoing Finance Minister Miftah Ismail, set to be replaced by Ishaq Dar, for his role in getting the critical International Monetary Fund (IMF) programme revived.

“I want to commend Dr Miftah Ismail for his public service as finance minister,” said PM Shehbaz in a tweet.

“Taking up one of the toughest jobs at the height of economic crisis, he led the effort to save Pakistan from default and successfully negotiated the IMF programme.

“I have the highest respect for the professionalism and commitment with which he served the nation during these difficult times,” he said.

Earlier on Tuesday, Miftah submitted his handwritten resignation from the position of finance minister to the prime minister.

During his tenure, Ismail took a number of unpopular decisions to comply with IMF preconditions, including rolling back power and fuel subsidies given by the previous government.

The resumption of the IMF programme was crucial for the cash-strapped South Asian economy, which was struggling to attract inflows from friendly countries and multilateral lenders.

IMF has indicated easing programme conditions after floods: Miftah Ismail

PM Shebaz's statement comes after Pakistan Muslim League-Nawaz (PML-N) Senator Ishaq Dar took oath as the federal minister, moving a step closer to becoming the finance minister of the country for the fourth time.

Meanwhile, Dar, who is widely seen as an advocate of a stronger rupee, said that stabilizing the currency is his government‘s top priority.

Pakistan's rupee registers third successive gain, appreciates 1.3% against US dollar

“I believe that the speculation in the currency market should end, and I believe that those involved in it have reverted to the right direction, which is evident with the rupee’s recent gains,” said Dar while talking to media persons after his oath ceremony.

Comments

Comments are closed.

PM Shehbaz lauds outgoing finance minister Miftah over IMF programme revival

Dar hits out at Imran Khan’s ‘irresponsible tweet’ about current govt

Islamabad court sends Sheikh Rashid on 14-day judicial remand

Imran says PTI to fill jails on his call to protest against govt's vengeful actions

Imran Khan not brave enough to voluntarily accept arrest: Marriyum Aurangzeb

Analyst fears further rupee decline in coming days

Wikipedia asks Pakistan to restore access to its service

Pakistan to appeal to Taliban leader after terrorism surges

US allows seized Russian money to go to Ukraine aid: report

Ukraine, Russia swap prisoners; bodies of British volunteers returned

Industry yet to export any amount of sugar