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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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As of today, the F-8 Underpass is now open to traffic. Naqvi

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According to Interior Minister Mohsin Naqvi, traffic will begin to flow through the F-8 Exchange Underpass today.

During his inspection visit to the F-8 Exchange Interchange and Serena Interchange Projects in Islamabad, the minister made the statement.

According to him, the F-8 Exchange Chowk Interchange Project is still being worked on nonstop.

Serena Chowk Interchange will be opened in January, according to Mohsin Naqvi, and the construction will be finished in 60 days.

He said any kind of hindrance to the projects should be removed and projects be completed on time at all costs.

He said with the completion of the projects, citizens’ traffic woes will end.
The minister also ordered protection of trees during construction of projects.

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An event for medical training is being held at CMH Peshawar, and Major General Masood is distributing awards.

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Romina Khurshid Alam, the Coordinator of the Prime Minister’s Office, underlined the significance of gender-inclusive climate resilience during her presentation on climate change. This was done in light of the fact that Pakistan is seeing a worsening of the consequences of climate change.

When Alam was having a conversation with a group of people from the Green Tech Hub at NUST and UN-Women, he brought up the idea that women who live in rural regions are particularly vulnerable, but that they are also quite important in the process of creating solutions that are sustainable.

It was discussed by the delegation that the Green Tech Hub, which was formed in October at NUST, should be enlarged in order to foster innovation in the disciplines of climate adaptation and renewable energy. This was done in order to encourage innovation in these domains. For the purpose of bolstering the initiative, Romina Alam has committed to give assistance in the search of collecting funds and collaborations.

The necessity of providing women with the knowledge and tools necessary to create resilience was emphasized by Romina Alam, who also called for climate strategies that are inclusive and take into account the specific issues that women face and the potential that they have to take on leadership roles.

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Climate-related challenges are growing in Pakistan, and the prime minister’s climate aide is advocating for gender-inclusive climate resilience.

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During her presentation on climate change, Prime Minister’s Coordinator Romina Khurshid Alam emphasized the importance of gender-inclusive climate resilience in light of the fact that Pakistan is experiencing a worsening of the effects of climate change.

Alam brought up the fact that women living in rural areas are especially vulnerable, but they are also vital to finding sustainable solutions during a discussion with a team from the Green Tech Hub at NUST and UN-Women.

It was discussed by the delegation that the Green Tech Hub, which was established in October at NUST, should be expanded in order to encourage innovation in the fields of climate adaptation and renewable energy. In order to bolster the project, Romina Alam has committed to providing help in the pursuit of acquiring financing and collaborations.

The necessity of providing women with the knowledge and tools necessary to create resilience was emphasized by Romina Alam, who also called for climate strategies that are inclusive and take into account the specific issues that women face and the potential that they have to take on leadership roles.

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