Stalled loan program in focus as Pakistani PM meets top IMF official

Pakistan Prime Minister Shehbaz Sharif meets with managing director of the International Monetary Fund (IMF), Kristalina Georgieva, in Paris, France, on June 22, 2023. (PID/REUTERS)
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Updated 22 June 2023
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Stalled loan program in focus as Pakistani PM meets top IMF official

  • Staff-level agreement to release $1.1 billion out of $6.5 billion package delayed since November
  • Release of bailout funds under 9th review crucial to resolve acute balance of payments crisis

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif held a meeting with the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, in Paris on Thursday and expressed hope funds allocated under the lender’s Extended Fund Facility (EFF) would be released “as soon as possible.”

Cash-strapped Pakistan’s staff-level agreement with the IMF to release $1.1 billion out of a $6.5 billion package has been delayed since November, with more than 100 days gone since the last IMF mission came to Pakistan, the longest such delay since at least 2008. The program expires at the end of June, while the release of pending bailout funds under the 9th IMF review is crucial for Pakistan to resolve an acute balance of payments crisis. Reserves at the country’s central bank can just cover a month’s worth of imports.

To keep the economy afloat, Pakistan has doubled down on its efforts to secure external financing from “friendly countries.” Last week, the country’s central bank announced it had received $1 billion from China, while it is also waiting to receive loans worth $2 billion and $1 billion from Saudi Arabia and the UAE, respectively. 

Pakistan has also been pushing the US to influence the IMF to approve the bailout package.

“Prime Minister outlined the steps taken by the Government for economic growth and stability,” a statement from Sharif’s office said.

“He underscored that all prior actions for 9th Review under the Extended Fund Facility had been completed and the Government of Pakistan was fully committed to fulfilling its obligations as agreed with the IMF.”

“The PM expressed the hope that the funds allocated under the IMF’s Extended Fund Facility (EFF) would be released as soon as possible,” the statement added. “This would help strengthen Pakistan’s ongoing efforts toward economic stabilization, and bring relief to its people.”

Last week, Pakistani Finance Minister Ishaq Dar blamed “geopolitics” for repeated delays in the resumption of the IMF’s program after the lender criticized Islamabad for failing to broaden the tax net in the new budget.

“Pakistan is a sovereign country and cannot accept everything from the IMF,” he was quoted as saying.

Pakistan had to complete a series of prior actions demanded by the IMF, which included reversing subsidies, a hike in energy and fuel prices, jacking up its key policy rate, a market-based exchange rate, arranging for external financing and raising over 170 billion rupees ($613 million) in new taxation.

The fiscal adjustments have already fueled Pakistan’s highest ever inflation.


Pakistan parliamentary panel picks Justice Yahya Afridi as next chief justice

Updated 22 October 2024
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Pakistan parliamentary panel picks Justice Yahya Afridi as next chief justice

  • Development comes a day after a constitutional amendment empowered parliament to pick top judge
  • Justice Yahya Afridi ranked last on a list of three senior-most judges of the Supreme Court of Pakistan

ISLAMABAD: A 12-member special parliamentary committee, tasked with choosing a name for the new chief justice, on Tuesday picked Justice Yahya Afridi for the key post, Pakistan’s Law Minister Azam Nazeer Tarar said, as the opposition Pakistan Tehreek-e-Insaf (PTI) party lawmakers boycotted the committee’s proceedings.
The committee, which was formed under the contentious 26th constitutional amendment on Monday, was required to pick a name out of the three senior-most judges of the Supreme Court for the post of the chief justice.
Pakistan’s incumbent top judge, Qazi Faez Isa, is set to retire on Friday. The three senior-most judges considered for the key post included Justice Mansoor Ali Shah, Justice Munib Akhtar and Justice Yahya Afridi.
“As per the constitutional requirement, the nomination of Justice Yahya Afridi has been dispatched to the prime minister with two-thirds of majority [of the committee members],” Tarar told reporters in Islamabad.
The development came after the first round of the in-camera meeting of the parliamentary panel, which was earlier postponed as PTI’s Gohar Khan and Senator Ali Zafar boycotted the proceedings.
The contentious constitutional amendment passed by Prime Minister Shehbaz Sharif-led ruling coalition has generated a heated debate in the country, with opposition parties and prominent lawyers alleging the new law aims to curtail the judiciary’s independence.
The government rejects these allegations and says the amendments are aimed at empowering Pakistan’s parliament and providing speedy justice to the country’s citizens by allowing the establishment of constitutional courts among other changes.
Legal experts say there are some clauses in the 26th constitutional amendment that are “problematic,” but it is much better than what was being anticipated.
“There are certain clauses that on the face of it seem to be curtailing the powers of the judiciary. We have also seen that in the past decade or so, judges have misused the power to appoint judges. They have appointed certain judges that were their own favorites,” lawyer Osama Malik told Arab News.
“They deliberately appointed some judges earlier than other judges that they could then become chief justices of the country. The seniority was managed by the senior most judges of the supreme court and that was causing serious problems for everyone. Now perhaps some balance will be found and if not, we will have to rectify it again.”


Pakistan parliamentary panel meets to discuss nominee for top judge’s post

Updated 22 October 2024
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Pakistan parliamentary panel meets to discuss nominee for top judge’s post

  • The panel, formed under 26th constitutional amendment, will pick a name out of three top Supreme Court judges
  • Legal expert says some clauses in the amendment are ‘problematic’ but it is much better than what was anticipated

ISLAMABAD: A special parliamentary committee, tasked with choosing a name for the new chief justice, on Tuesday met in Islamabad to deliberate upon a nominee for the post, amid a boycott of the proceedings by the opposition Pakistan Tehreek-e-Insaf (PTI) members.
The committee, which was formed under the 26th constitutional amendment, is scheduled to pick a name out of the three senior-most Supreme Court judges for the post of the chief justice.
Pakistan’s incumbent top judge, Qazi Faez Isa, is set to retire on Friday. The three senior-most judges being considered for the key post include Justice Mansoor Ali Shah, Justice Munib Akhtar and Justice Yahya Afridi.
“The required number is present,” Law Minister Azam Nazeer Tarar told reporters outside the meeting room at the Parliament House on Tuesday evening.
“But despite that, we are democratic-minded people and the beauty of democracy is in inclusiveness and everyone uniting.”
Two PTI-affiliated lawmakers Gohar Khan and Senator Ali Zafar boycotted the committee’s proceedings, at which the meeting was postponed till 8:30pm to convince them to join the forum for their input on the key appointment.
The contentious constitutional amendment passed by Prime Minister Shehbaz Sharif-led ruling coalition has generated a heated debate in the country, with opposition parties and prominent lawyers alleging the new law aims to curtail the judiciary’s independence.
The government rejects these allegations and says the amendments are aimed at empowering Pakistan’s parliament and providing speedy justice to the country’s citizens.
Law Minister Tarar said that 10 committee members were present in the initial meeting, adding that as per the constitution, eight lawmakers were required to decide on the chief justice’s appointment.
Legal experts say there are some clauses in the 26th constitutional amendment that are “problematic,” but it is much better than what was being anticipated.
“There are certain clauses that on the face of it seem to be curtailing the powers of the judiciary. We have also seen that in the past decade or so, judges have misused the power to appoint judges. They have appointed certain judges that were their own favorites,” Osama Malik, a lawyer, told Arab News.
“They deliberately appointed some judges earlier than other judges that they could then become chief justices of the country. The seniority was managed by the senior most judges of the supreme court and that was causing serious problems for everyone. Now perhaps some balance will be found and if not, we will have to rectify it again.”


Over one million children miss polio vaccinations amid spike in cases in Pakistan - report

Updated 22 October 2024
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Over one million children miss polio vaccinations amid spike in cases in Pakistan - report

  • Pakistan has reported 39 polio cases in 2024, though there is fear that this number may further go up
  • Most children recently infected had partially been vaccinated but did not complete all four doses

ISLAMABAD: Over one million children missed polio vaccination doses in Pakistan, according to a leading international news channel that quoted a senior official in a report on Tuesday, as the country has witnessed a major spike in cases of the paralyzing disease since the beginning of the year.

Pakistan has reported 39 new polio cases in 2024, with most cases involving children in impoverished areas due to logistical challenges, parental refusal and security threats.

Militant groups, particularly in the northwestern province of Khyber Pakhtunkhwa, have targeted polio workers and their security escorts, portraying these vaccination campaigns as foreign conspiracies.

According to the World Health Organization, Pakistan and Afghanistan are the only two countries where polio remains endemic, making eradication efforts in both states critical to global health.

“Ayesha Raza, the Focal Person to the Pakistani Prime Minister on Polio Eradication, blamed the recent uptick in cases on low vaccine uptake,” CNN reported. “She said about 1 million children missed their polio vaccinations in September, compounding a pre-existing immunity gap that has been growing since Covid-19 disrupted immunization efforts.”

Pakistan southwestern Balochistan province, which has experienced a major spike in separatist violence, has so far been the worst hit in terms of the number of cases.

“Most of the children recently infected with the disease had been partially vaccinated but did not complete all four required doses,” the channel said while quoting Raza.

She suspected that the number of cases could rise further as the government continues its surveillance efforts.

However, she noted that a lot of work “is being done to fill the gaps that we’ve missed in the past.”

The government is also planning another polio vaccination campaign toward the end of the month to immunize as many children as possible.


Two transgender women stabbed to death at home in northwest Pakistan

Updated 22 October 2024
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Two transgender women stabbed to death at home in northwest Pakistan

  • Two suspects had also been arrested in connection with the killings in Mardan
  • Police say the motive behind killings is unclear and officers are still investigating

PESHAWAR: Two men armed with daggers killed two transgender women at their home in conservative northwest Pakistan overnight before fleeing the scene, police said, a sign of increasing violence against trans people in the country.

The killings happened Sunday night in Mardan, a city in Khyber Pakhtunkhwa province, local police chief Fahim Khan said. He said the motive behind the killings was unclear and officers are still investigating, and the victims had been buried at a local graveyard.

Khan said that two suspects had also been arrested in connection with the killings, but he refused to share any further details. Khan also refused to confirm or deny whether the men were directly involved in the attack.

Transgender people are often subjected to harassment, abuse and attacks in Muslim-majority Pakistan. They are also among the victims of so-called honor killings carried out by relatives to punish perceived sexual transgressions.

However, Pakistan's parliament in 2018 adopted the Transgender Persons (Protection of Rights) Act to secure the fundamental rights of transgender Pakistanis, including their access to legal gender recognition. But many in the country have entrenched beliefs on gender and sexuality, and trans people are often considered outcasts. Some are forced into begging, dancing and even prostitution to earn money. They also live in fear of attacks.

Pakistani authorities have also issued identification cards to transgender people.

Farzana Jan, president of the Trans Action rights group in Khyber Pakhtunkhwa, said that another nine trans people have been killed in gun attacks in the province since January.

She said that none of the attackers involved in the previous cases had been brought to justice, mainly because prosecutors didn't pursue the cases seriously.

The transgender community has threated to protest if the attackers aren't arrested.

“We have given a three-day deadline to the police for arresting those behind the latest killings in Mardan,” Jan said. “We will stage rallies if the killers of two members of our community are not arrested."

There are no exact figures about the number of trans people in Pakistan, but Jan estimated that about 75,000 live in Khyber Pakhtunkhwa.

Mardan is located about 50 kilometers (30 miles) east of Peshawar.

 


Pakistani minister visits Turkiye to discuss security, prevention of human trafficking

Updated 22 October 2024
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Pakistani minister visits Turkiye to discuss security, prevention of human trafficking

  • Mohsin Naqvi arrived in Istanbul on Erdoğan’s invitation to attend an international conference
  • Both countries share close diplomatic ties, strengthened by mutual support on global issues

ISLAMABAD: Federal Interior Minister Mohsin Naqvi arrived in Turkiye on Tuesday to discuss a range of issues, including security and the prevention of human trafficking, with officials on the sidelines of an international conference in Istanbul, according to an official statement issued in Islamabad.
The two countries have expressed growing concerns over the rise in human trafficking, particularly involving vulnerable migrants attempting to cross into Europe illegally. Many Pakistanis, driven by economic uncertainty, have fallen victim to traffickers, with some losing their lives while crossing seas on unsafe boats.
As Turkiye remains a key transit route for people trying to reach Europe without using official channels, both sides have worked to strengthen cooperation on this issue. Security remains another critical area of collaboration, particularly in countering transnational militant networks that threaten regional stability.
“Interior Minister Mohsin Naqvi will participate in an important international conference in Istanbul, which he is attending on the invitation of Turkiye’s President, Recep Tayyip Erdoğan,” the interior ministry announced on social media after Naqvi’s arrival in Istanbul. “The minister will represent Pakistan at the international conference and will meet with Turkiye’s cabinet ministers and top leadership.”
“During the visit to Turkiye, discussions will focus on promoting bilateral cooperation on a sustainable basis,” the statement added. “Talks will also be held with Turkiye’s ministers and leadership on enhancing cooperation in areas like border management, security and the prevention of human trafficking.”
Turkiye and Pakistan also share close diplomatic ties, strengthened by mutual support on regional and international issues.
Their defense collaboration includes significant joint ventures, such as Turkiye’s modernization of Pakistan’s submarines and the construction of MILGEM-class corvettes for the Pakistan Navy.
These projects have enhanced Pakistan’s maritime capabilities, reflecting a deepening strategic partnership.