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Ishaq Dar is guiding government in managing economic crisis: Rana Sanaullah

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  • Sanaullah says PTI govt signed a deal with IMF which was not in favour of Pakistan.
  • He says Dar aware of situation Pakistan currently facing at economic forefront.
  • He says PTI-led government “ruined economy” and it was now difficult to manage it.

ISLAMABAD: Interior Minister Rana Sanaullah Tuesday said that the incumbent government was seeking guidance from PML-N’s “financial guru” Ishaq Dar to manage the ongoing economic crisis.

Speaking to Geo News’ programme  “Geo Pakistan”, the interior minister said that Dar was aware of the situation Pakistan was currently facing at the economic forefront. 

During the initial days of the coalition government, Dar, who is based in London along with PML-N supremo Nawaz Sharif, was very active and regularly appeared on TV shows, giving his input on the economy which sparked a debate about who was heading the finance ministry — Miftah Ismail or Dar.

The country is facing a crisis amid a delay in the revival of the International Monetary Fund’s (IMF) $6 billion loan facility stalled due to policy breaches by the previous government.

Sanaullah said that the PTI government signed a deal with the IMF which was not in favour of Pakistan.

“They [the PTI-led government] agreed to remove all sorts of subsidies despite the fact that the financial condition of our people was not such that they could tolerate more financial burden. They promised zero subsidies on petrol with IMF.”

He said that the incumbent government was reviving the same agreement which the PTI signed with the lender, adding that the PTI-led government “ruined the economy” and it was now difficult to manage it.

“They used to criticise Dar for controlling the dollar rate and when the PTI government came to power it shot up to Rs190 from Rs115. During our two-month tenure, it has ascended further,” the interior minister said.

The minister added that the IMF was not ready to show any flexibility and the dollar rate was increasing due to the delay in the agreement.

“We told the IMF to allow us to remove subsidies in phases but it refused. We will bring down the dollar to 182 after the loan programme is restored,” he claimed. 

On the PTI’s countrywide protest call on Sunday against inflation, Sanaullah maintained that the masses are keeping themselves away from the protest.

“Last time, from among a population of 220 million, only 10,000 to 12,000 responded to Khan’s call,” he said. 

The minister asked the PTI to admit its mistake and sit with the government to talk about an economic pact. 

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COAS Visits Bannu and Promises Terrorism Justice

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Syed Asim Munir, the Chief of Army Staff, traveled to Bannu after the March 4 terrorist attack on Bannu cantonment was thwarted.
COAS examined the general security situation in the region as well as ongoing security operations during the visit.
At CMH Bannu, he also spoke with wounded soldiers and praised their tenacity and commitment. Speaking to the troops, he reaffirmed the Pakistan Army’s commitment to combating terrorism and commended their prompt action in neutralizing the assailants.
In addition to expressing sympathy to the families of the civilians slain in the strike, General Munir promised that those responsible for the planning and execution would shortly face consequences.
He emphasized that such activities reveal Khwarij’s true nature as enemies of Islam and denounced the savage targeting of innocent people.
The COAS underlined that Pakistan will not permit its stability to be jeopardized and that terrorist organizations, such as Fitna al-Khawarij, continue to use foreign weapons while operating from Afghan territory.
When he arrived, Corps Commander Peshawar welcomed him.

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Ethiopia-Pakistan Relations: Ethiopian Ambassador Presents Fraternity Award to Khawaja Asif

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Khawaja Muhammad Asif, the minister of defense and aviation, received the “Ethiopia-Pakistan fraternity award” from Ethiopian Ambassador Dr. Jemal Beker.
In appreciation of Khawaja Asif’s noteworthy contributions to enhancing Pakistan-Ethiopia bilateral ties, the award was given out.
The Ethiopian Envoy, who spoke at the event, praised the Minister’s work to strengthen the two countries’ diplomatic and economic relations.
The Ethiopian Ambassador said, “Khawaja Muhammad Asif has played a pivotal role in enhancing Ethiopia-Pakistan relations.”
Additionally, he recognized the minister’s pivotal involvement in Ethiopian Airlines’ establishment in Pakistan, which has strengthened connections between the two nations.
In addition to thanking Ethiopia and its ambassador for the honor, Khawaja Asif reaffirmed Pakistan’s commitment to developing closer ties with Ethiopia.
The Ethiopian Ambassador emphasized that Pakistan and Ethiopia had better bilateral ties than before.

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Issues Affecting Pakistan’s Textile Mills Industry: The Government Is Determined To Address Textile Industry Concerns: FM

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Muhammad Aurangzeb, minister of finance, has stated that the government is firmly committed to helping the textile industry in every way possible.
He made this pledge today in Islamabad during a meeting with the All Pakistan Textile Mills Association’s leadership.
In order to guarantee the long-term sustainability and future expansion of Pakistan’s industrial sector, the Minister also reaffirmed the government’s commitment to addressing important tax, energy, and funding challenges.
He welcomed the APTMA office-bearers and gave the delegation his word that the government is committed to resolving the issues facing the textile industry since it understands how important it is to Pakistan’s economy.
Muhammad Aurangzeb underlined that resolving the fundamental issues facing the sector is essential to establishing an atmosphere that is favorable for industrial expansion, promoting economic stability, and bolstering the country’s overall growth trajectory.

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