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By the end of April, the IMF board is anticipated to approve a $1.1 billion payout to Pakistan.

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Kozack stated during a news conference in Washington that Pakistan and the IMF had reached a staff-level agreement on March 19. Pakistan’s economic circumstances have improved.

“Pakistan will be granted an overall $3 billion in line with the standby arrangement,” the speaker insisted.

$1.9 billion has already been secured by the nation,” Kozack continued.

A staff-level agreement was reached between Pakistan and the International Monetary Fund (IMF) last month over the final review of a $3 billion loan plan.

The announcement was made on March 19, following the end of the IMF team’s week-long visit to Islamabad.

The international lender congratulated Pakistan’s central bank and the departing caretaker government for their “strong program implementation” and expressed its optimism that the incoming administration would carry on with efforts to stabilize the country’s economy.

The new government is dedicated to carrying out the policy initiatives that were initiated under the existing Stand-By Arrangement to solidify financial and economic stability for the balance of this year, the IMF official continued.

In order to support Pakistan’s economic stabilization program, the IMF approved a critical nine-month agreement with that country in June.

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E&P Companies Will Invest $5 Billion in Pakistan’s Petroleum Industry

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Over the next three years, local and foreign companies involved in Pakistan’s oil and gas exploration and production sector have shown a strong desire to invest more than $5 billion in the nation’s energy sector.

Recent changes to the Petroleum Policy and the implementation of an exclusive tight gas policy, which provide better incentives and a more investor-friendly regulatory framework, are credited with the increase in investor confidence.

These strategic changes are expected to boost domestic energy production, open up new avenues for growth, and draw large amounts of both domestic and foreign investment.

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PTI Encouraged Chaos and Sabotage: Rana Tanveer

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According to Rana Tanveer Hussain, the federal minister for food security, PTI encouraged violence, disorder, vandalism, and derogatory language in the nation’s politics.

The Minister told the reporters at Muridke that the founder PTI’s anti-nationalism and sabotage tactics are clear.

After Eid, he claimed, there won’t be any opposition movement since their leaders are still considering

According to the Minister, PTI is a tale of the past with a bleak future.

Additionally, he stated that the PTI has a history of flinging insults on one side and pleading on the other.

Rana Tanveer Hussain stated that the courts, not Trump, ought to determine what the PTI founder done to the nation.

Farmers would profit from the deregulation of commodity prices, especially those of wheat, according to the minister.

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DPM Restates Abundant Support for the Palestinian Cause

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Senator Muhammad Ishaq Dar, the country’s foreign minister and deputy prime minister, has reiterated Pakistan’s steadfast support for the Palestinian cause.

He made the statement while meeting with his Palestinian counterpart, Dr. Mohammed Mustafa, on the fringes of the Organization of Islamic Cooperation’s Extraordinary Council of Foreign Ministers meeting in Jeddah, Saudi Arabia.

Ishaq Dar reaffirmed Pakistan’s support for the creation of a viable, contiguous Palestinian state with Jerusalem as its capital, based on pre-1967 lines.

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