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Print Print 2024-06-09

IMF programme, investment & debt issues: US dispatching team to evaluate situation

  • Delegation expected to hold meetings aimed at gathering inside and official information to evaluate Islamabad’s financial and economic position
Published June 9, 2024

ISLAMABAD: Washington has reportedly decided to dispatch a Treasury Department delegation to Pakistan to evaluate Islamabad’s economic situation, prospects of IMF’s new program, and general business and investment climate, well-informed sources told Business Recorder.

Washington has activated and fielded its diplomats at different levels for interaction with Islamabad, after the visit of Iranian President Ibrahim Raisi who died in a helicopter crash last month, and the Prime Minister’s important visit to China.

The sources said the US Embassy in Islamabad has informed Ministry of Foreign Affairs (MoFA) that a Department of Treasury delegation, led by Deputy Under Secretary/Assistant Secretary of Treasury Brent Neiman, will visit Islamabad for official meetings related to economic reforms, debt issues, financial sector and the general business and investment on June 12-13, 2024.

New EFF: IMF to support a home-grown programme

He will be accompanied by Alex Entz, Senior Advisor and Colin Mahoney, Deputy Director for South and Southeast Asia.

According to sources, the delegation is expected to hold one-to-one and at the delegation level meetings aimed at gathering inside and official information to evaluate Islamabad’s financial and economic position, current challenges and strategy to deal with these challenges including in financial and energy sector.

Washington’s top diplomat in Islamabad, Donald Blome, has recently held back-to-back meetings with Foreign Minister/Deputy Prime Minister, Ishaq Dar and Finance Minister, Muhammad Aurangzeb before their departure to Beijing as key members of Prime Minister Shehbaz Sharif’s entourage. Chief of Army Staff, General Asim Munir also joined the delegations at crucial meetings with the Chinese President and Prime Minister.

The US Embassy’s primary point of contact for the visit is, Robert Newsome, Deputy Economic Counselor, and Economic Specialist Shadman Mawaz Khan.

Washington had strongly reacted at Islamabad and Tehran’s desire to build the long-delayed gas pipeline and enhance bilateral trade and offered cooperation to meet Pakistan’s energy needs through alternate sources.

Copyright Business Recorder, 2024

Comments

200 characters
Re=== Jun 09, 2024 07:57am
The bosses are coming!
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Zia Ullah Khan Jun 09, 2024 09:34am
USA has decided that managing "Pakistan " through IMF is not working to her entire satisfaction hence need direct management of Department of Treasury. Thanks Pakistan government for this "upgrading".
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Aamir Jun 09, 2024 10:31am
IMF is on right track. No one feels secure with the present government and investment climate is at its lowest. They will again have to give another program to get out of this one.
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KU Jun 09, 2024 10:56am
Most likely, the visit will censure Pak-China CPEC or Iran pipeline or Russian cooperation, actually all of these together. People suffer Pakistan Comes First, we are not pawns in geo-political games.
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dr.fahad Jun 09, 2024 02:56pm
@Zia Ullah Khan , Say thanks to electricity theif and poor people subsidies politics , , and to the people who breeds like rabbit but don't pay any taxes .
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dr.fahad Jun 09, 2024 02:57pm
@KU, Visit will ensure that people of Pakistan pay taxes and manage their own house .
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nasir Jun 09, 2024 07:38pm
Beggars have never been chosers; especially those who wear duel crown of a Chore & Begger
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