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ISLAMABAD: Minister for Planning and Development Ahsan Iqbal on Tuesday said Pakistan is likely to get confirmation from the friendly countries of economic assistance in a few days, which was the last condition of the International Monetary Fund (IMF) which will be followed by the staff-level deal with the Fund.

“We have fulfilled almost all conditions, which the previous government had agreed upon with the IMF and currently, the Fund is demanding confirmation from the friendly countries that are providing assistance to Pakistan. We are hopeful that the confirmation will be received in the coming few days and after that, the IMF deal will come on track,” Iqbal said, while talking to journalists after addressing the US-Pakistan Diaspora and Private Sector for Flood Recovery and Rehabilitation Conference.

In the conference, organised by the US Agency for International Development (USAID), three MoUs were signed with a Pakistan-based US company and the US-Pakistani diaspora entities, mobilising $78 million.

Economic support by Gulf countries: Pakistan hopes for positive outcome: FO

To a question about the reported objection raised by the IMF over the fuel subsidy announced by the government to the poor segment of society, Ahsan Iqbal said that this is an internal adjustment within the fuel price and there is nothing new subsidy being announced. “We hope that the IMF will have no objection to the government move,” he hoped.

In his address to the conference, the minister urged the US-Pakistan Diaspora to come forward in supporting the government efforts for recovery and rehabilitation of the millions of flood-affected people.

While appreciating the United States’ pledges of $200 million for the flood-affected people, he pointed out that Pakistan needs much more for the complete rehabilitation of millions of floods’ affected people and hoped that the international community will understand the difficulties Pakistan is being faced in rehabilitation of the vast affected population.

In his remarks, United States Ambassador Donald Blome highlighted the valuable contributions of the US-Pakistani diaspora and the private sector at the conference aimed at building back better for flood-affected communities in Pakistan.

He said that the US government has pledged more than $200 million to date to support flood relief and recovery efforts, disaster resilience, and food security, while the US-Pakistani diaspora has contributed about $42 million.

Ambassador Blome emphasized the longstanding US-Pakistan partnership to advance Pakistan’s economic growth and social and humanitarian causes. He highlighted the need for strengthening climate resilience through the US-Pakistan “Green Alliance” framework and expressed the United States’ commitment to helping the US-Pakistani diaspora and Pakistan-based private companies find opportunities to strengthen climate resilience, pursue energy transformation, and foster economic growth and development outcomes.

The conference continued the momentum built at the December 20, 2022, and January 25 conferences in Islamabad where USAID signed a combined six memoranda of understanding (MOUs) mobilising $75 million.

The discussions held in those conferences led to mobilizing additional contributions and investments to help populations and areas affected by floods.

In the conference on Building Back Better, USAID signed three MoUs with a Pakistan-based US company and US-Pakistani diaspora entities, mobilizing $78 million. More than 200 participants attended the conference, including members of the US-Pakistani diaspora, prominent local business leaders, US business representatives, and Pakistani officials.

They discussed ways to help the flood-affected population and communities at the building Back Better Conference.

“The United States remains firmly committed to engaging and partnering with the US-Pakistani diaspora and the private sector to address Pakistan’s challenges in the technology, humanitarian, social, and commercial sectors, and to further Pakistan’s development goals,” Ambassador Blome added.

Copyright Business Recorder, 2023


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Ch K A Nye Mar 22, 2023 07:11am
This man doesn't realise that absolutely nobody in their right minds actually believe him. His record of lies and deception is well known.
thumb_up Recommended (0) reply Reply
Tulukan Mairandi Mar 22, 2023 07:33am
Now this chap is saying it because Ishaq Dar has no credibility left
thumb_up Recommended (0) reply Reply
Love Your Country Mar 22, 2023 08:40am
Reality is different from Pledges the world over.
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Truthisbitter813 Mar 22, 2023 09:28am
Have heard all this BS for months now.
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Khalid Mar 22, 2023 09:51am
This dude lost his credibility with his vision 20XX stunts! Which friendly country in their right mind would lend money to crooks & corrupt?
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John Mar 22, 2023 10:26am
Which friendly countries would offer help to "compromised Generals" who try to assassinate leaders?
thumb_up Recommended (0) reply Reply
ABZ Mar 22, 2023 10:45am
Its been ages.. I remember watching the movie.... post a novel written by Sydney Sheldon ... "IF TOMMORROW COMES"... I guess it never arrived.....when it is really required....
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Wharton Alumni Mar 22, 2023 11:08am
Who let this guy go to Wharton?? Even the most 'educated' politicians appear worse than uneducated folk?
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Zafar Ahmed Mar 22, 2023 12:05pm
Professor (so called) had already ruined the economy as he was Minister and chief of planning commission for 15 long years. He was just enjoying and Nawaz took huge loans of 30 billion dollars to spoil the economy during his 4 years of last tenure.
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pireman Mar 22, 2023 12:41pm
sir mer arz karta hu ke meri vafe ko 3 yers howa he ek be qist nhai mali he sir me darkhwast de de kar thak gyia hu 10000 hazar kharcha kyia par peshi nhai ai to plz plz meri jo peshi bisp 8171 par bheje
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Arshad Mar 22, 2023 01:51pm
Yup, Its Ramazan. Arab countries will distribute Zakat in this month.....
thumb_up Recommended (0) reply Reply
Tulukan Mairandi Mar 22, 2023 03:04pm
It better be Iron Brother, or else we will not continue being sweeter than honey for pooh to keep licking. We will utter the word Uyghur or Taiwan or USA Partnership and immediately China will yield.
thumb_up Recommended (0) reply Reply
bonce Mar 22, 2023 11:39pm
@John, No one compromise to give money to our criminals and currupted generals of Islamic Republic of Pakistan.
thumb_up Recommended (0) reply Reply

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