AVN 65.52 Decreased By ▼ -1.18 (-1.77%)
BAFL 29.72 Increased By ▲ 0.22 (0.75%)
BOP 4.05 Decreased By ▼ -0.03 (-0.74%)
CNERGY 3.57 Decreased By ▼ -0.05 (-1.38%)
DFML 11.56 Decreased By ▼ -0.24 (-2.03%)
DGKC 42.03 Decreased By ▼ -1.17 (-2.71%)
EPCL 45.66 Decreased By ▼ -0.33 (-0.72%)
FCCL 11.60 Decreased By ▼ -0.25 (-2.11%)
FFL 5.78 Decreased By ▼ -0.10 (-1.7%)
FLYNG 5.94 Decreased By ▼ -0.13 (-2.14%)
GGL 10.88 Decreased By ▼ -0.37 (-3.29%)
HUBC 67.40 Decreased By ▼ -0.48 (-0.71%)
HUMNL 5.59 Decreased By ▼ -0.05 (-0.89%)
KAPCO 24.38 Decreased By ▼ -0.47 (-1.89%)
KEL 2.11 Decreased By ▼ -0.02 (-0.94%)
LOTCHEM 24.92 Decreased By ▼ -0.08 (-0.32%)
MLCF 24.58 Decreased By ▼ -0.29 (-1.17%)
NETSOL 74.12 Decreased By ▼ -2.08 (-2.73%)
OGDC 84.67 Decreased By ▼ -1.19 (-1.39%)
PAEL 10.61 Decreased By ▼ -0.44 (-3.98%)
PIBTL 3.91 Decreased By ▼ -0.07 (-1.76%)
PPL 64.81 Decreased By ▼ -1.19 (-1.8%)
PRL 12.74 Decreased By ▼ -0.21 (-1.62%)
SILK 0.87 Decreased By ▼ -0.01 (-1.14%)
SNGP 39.41 Decreased By ▼ -1.34 (-3.29%)
TELE 7.06 Decreased By ▼ -0.42 (-5.61%)
TPLP 14.70 Decreased By ▼ -0.39 (-2.58%)
TRG 107.60 Decreased By ▼ -2.85 (-2.58%)
UNITY 13.37 Decreased By ▼ -0.14 (-1.04%)
WTL 1.20 Decreased By ▼ -0.01 (-0.83%)
BR100 4,040 Decreased By -40.6 (-0.99%)
BR30 14,413 Decreased By -217.8 (-1.49%)
KSE100 39,942 Decreased By -434.1 (-1.08%)
KSE30 14,739 Decreased By -177.2 (-1.19%)
Follow us

LAHORE: President Dr Arif Alvi Thursday said talks with the International Monetary Fund (IMF) would be successful and the country would not default.

Talking to media, Alvi said the government was asked to hold talks with the opposition but no response has so far been received. “There was complete silence on the part of the government about talks with the opposition,” he added.

The president maintained the ‘minus Imran’ formula cannot be successful and there will be severe public reaction over the arrest of Imran Khan or the ‘formula’.

Alvi said: “the arrest will be tantamount to setting a fire, as arresting the former PM or any senior politician would lead to resistance.” He said the ongoing situation would worsen with Imran’s arrest, and the move should be avoided because the severe public backlash would follow.

To another query, he said Imran Khan has apprehensions that the government is not serious about holding elections, however, both the government and the opposition should sit together for general elections. If Imran did not want one-on-one talks, the second or third tier could hold negotiations, he said.

Imran Khan balks at ‘minus-one’ formula

Regarding the arrest of Fawad Chaudhry, Dr Alvi said he feels embarrassed with the treatment meted out to Fawad after his arrest.

When asked about the caretaker Punjab Chief Minister, he said that a constitutional way was adopted in this election. “Through the constitutional way, it cannot be judged that the CM remains impartial or partial,” he added.

Regarding the possibility of a vote of no confidence against Prime Minister Shehbaz Sharif, Alvi said that he did not believe that the current premier would lose a vote of confidence in the National Assembly.

To another query, he said he held talks with Federal Finance Minister Ishaq Dar but not the Prime Minister and was convinced that Pakistan would not default.

The President also stated that he had no contact with the establishment and that the army had said it did not want to interfere in politics.

Earlier, while addressing the 12th convocation ceremony of Virtual University in Lahore, the president called for adopting modern trends of the global community for the development of the country.

“Education and training have more impact on character building as compared to knowledge,” the president said, adding: “No country can make progress without education.” He said 20 million children are still out of school in the country. Dr Arif Alvi said the promotion of education and the provision of health facilities are necessary for a better future.

Copyright Business Recorder, 2023


Comments are closed.

Alvi optimistic about IMF talks

SBP-held forex reserves increase $280mn, now stand at $4.6bn

KSE-100 ends below 40,000 level amid IMF uncertainty

IMF seeks financial assurances before taking 'next step with Pakistan'

Pakistani professionals struggle with higher costs as economy teeters

LHC extends Imran Khan's protective bail in 5 cases till March 27

Remarks on woman judge: Islamabad court changes Imran’s non-bailable arrest warrant into bailable one

Pakistan’s logistics startup Trax says it has raised $3.7mn in seed funding

Import restrictions: Indus Motor suspends production again

Indian opposition dealt major blow as parliament bars Congress leader Gandhi

Barrister Shehzad Ata Elahi resigns as Attorney-General