IMF board to meet on Jan. 11 for Pakistan loan program approval
The IMF last month said it had reached a staff-level agreement with Pakistan on the first review of a $3 billion bailout
If approved by its board, the global lender will release a tranche of $700 million to the cash-strapped South Asian nation
Updated 08 December 2023
Reuters
The executive board of the International Monetary Fund (IMF) will meet on Jan. 11 to consider the final approval to hand out to Pakistan the next $700 million tranche of its loan program.
Last month, the IMF said it had reached a staff-level agreement with Pakistan on the first review of a $3 billion bailout, which will unlock $700 million in funding for the country.
The funds to be issued are a second tranche of the bailout, which is subject to an approval from the IMF’s executive board.
“We can confirm that the Board meeting for Pakistan will take place on January 11,” the IMF said in an emailed statement.
Pakistan has been facing an acute balance of payment crisis, with its foreign exchange reserves diminished, along with historically high inflation and an unprecedented currency devaluation.
ISLAMABAD: Pakistan reaffirmed its commitment to being a strong voice for people under foreign occupation as it raised its flag at the United Nations on Thursday, marking the beginning of its two-year term as a non-permanent member of the UN Security Council.
This is the eighth time Pakistan has secured a seat as a non-permanent UNSC member since joining the world body in 1947. The 15-member council comprises five permanent members — the United States, Russia, China, the United Kingdom and France — along with 10 non-permanent members elected for two-year terms.
Non-permanent members play a crucial role in shaping global discussions on peace and security and in influencing the drafting of resolutions.
“Pakistan will continue to be guided by the purposes and principles of the UN Charter, including maintenance of international peace and security and development of friendly relations among nations based on the principle of equal rights and self-determination,” Ambassador Asim Iftikhar, Pakistan’s Alternate Permanent Representative to the UN, said during the flag-raising ceremony.
Ambassador Asim Iftikhar, Alternate Permanent Representative of Pakistan to the UN, installs Pakistani flag at the Security Council stakeout in New York on January 2, 2024. (Photo courtesy: X/@PakistanUN_NY)
“Pakistan will always remain a strong voice for peoples under foreign occupation and oppression for the realization of their right to self-determination,” he added.
Iftikhar said the flag ceremony symbolized democratic renewal through the periodic rotation of the UNSC membership, reinforcing the global aspiration for a Security Council that “is more effective, open and transparent, and accountable to the UN membership.”
He also highlighted the importance of multilateralism in tackling global challenges.
“We are convinced that cooperative multilateralism – with the UN at its core – is the best way of tackling the multifaceted challenges of today,” he said.
Ambassador Asim Iftikhar, Alternate Permanent Representative of Pakistan to the UN, speaks during the flag installation ceremony at the Security Council stakeout in New York on January 2, 2024. (Photo courtesy: X/@PakistanUN_NY)
The Pakistani diplomat called for addressing the root causes of conflicts, prioritizing dialogue and diplomacy and supporting confidence-building measures at regional and global levels to foster peace and stability.
He also pledged that his country will actively pursue just solutions to issues on the council’s agenda and to contribute to conflict prevention and peacekeeping efforts.
“Never forgetting our solemn duty toward the millions of men, women, and children suffering in conflicts, Pakistan is assuming this responsibility, fully resolved to our collective endeavor for a more peaceful and secure world,” he said.
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday blamed external forces for the surge in militant violence in Pakistan, urging a unified approach involving federal and provincial authorities along with the military to tackle the crisis.
Pakistan’s northwestern Khyber Pakhtunkhwa and southwestern Balochistan provinces witnessed a spike in deadly militant attacks last year. Groups such as the Pakistani Taliban and other militant and separatist factions have targeted security convoys, checkpoints and carrying out daily killings and kidnappings of law enforcement personnel and government functionaries.
Officials in Islamabad have frequently accused Afghanistan of enabling “cross-border attacks,” a claim rejected by Kabul, which insists Pakistan’s security challenges are an internal matter.
Pakistan has also pointed fingers at India for stoking unrest in Balochistan, an allegation dismissed by New Delhi.
“In certain areas of Khyber Pakhtunkhwa and Balochistan, the conspiracies being woven against Pakistan involve an external hand,” Sharif said while addressing the apex committee meeting of the National Action Plan in the federal capital. “We are well aware of the countries providing assistance [to militant groups].”
The prime minister emphasized closer cooperation among the Pakistani authorities to defeat militancy.
“I would only request that if the provinces, along with the federation and the Pakistan Army, could make a plan,” he said. “I feel we have to discuss how to eliminate this [militant violence].”
Sharif stressed that Pakistan’s success in different domains depended on improved law and order and the complete elimination of militants.
“Unity of thought and action” among stakeholders, he noted, was essential to thwarting militant schemes aimed at destabilizing the country.
The meeting was attended by Army Chief Gen. Asim Munir, DG Inter-Services Intelligence Lt. Gen. Asim Malik, federal ministers and all provincial chief ministers.
Last month on December 27, military spokesman Lt. Gen. Ahmed Sharif Chaudhry reported that 925 militants were killed in 59,775 operations across the country in 2024, with the majority in Khyber Pakhtunkhwa and Balochistan.
Militant attacks have surged in Pakistan since November 2022, following the collapse of a fragile truce between Islamabad and the Tehreek-e-Taliban Pakistan (TTP).
Ethnic Baloch separatists are also engaged in a decades-long struggle for independence, accusing the central government of exploiting the province’s natural resources.
Young Maphaka makes debut as South Africa win toss and bat 1st in 2nd Test against Pakistan
The 18 years and 270 days old broke Paul Adams’ South Africa record of youngest Test player
South Africa made three changes after sealing its place in June’s World Test Championship final
Updated 03 January 2025
AP
CAPE TOWN: Kwena Maphaka became the youngest South African to make a Test debut as the Proteas won the toss and elected to bat in the second and final Test against Pakistan on Friday.
The 18 years and 270 days old Maphaka broke Paul Adams’ South Africa record of youngest Test player, who played his first Test against England in 1995 at the age of 18 years and 340 days.
South Africa made three changes after sealing its place in June’s World Test Championship final with a dramatic two-wicket win in the first Test at Centurion inside four days.
Australia, India and Sri Lanka all still in the race for the Lord’s WTC final against South Africa in June. Australia could advance to face South Africa if it wins the fifth Test against India in Sydney.
“It’s hot and we expect the wicket to break up,” South Africa captain Temba Bavuma said at the coin toss. “We’ve had time to wrap around what we’ve achieved, the preparations for this Test have been the priority … a chance to finish off with a good note.”
Fast bowler Mohammad Abbas brought Pakistan close to its first Test win in South Africa in 18 years with 6-54 in the second innings at Centurion but tailenders Kagiso Rabada and Marco Jansen shared a half century ninth-wicket stand and quashed the visitors hopes.
The home team, which has six successive Test wins, opted to go with the express pace of Maphaka in place of Dane Paterson, who was dropped after picking up his second successive five-wicket haul at Centurion.
Corbin Bosch was left out after making a stunning Test debut in the first Test where he took a wicket with his first ball and then made a scintillating unbeaten half century in the first innings which gave South Africa a match-winning lead of 90 runs.
Left-arm spinner Keshav Maharaj has recovered from a groin injury and replaced Bosch. Opening batter Tony de Zorzi had a thigh strain and was replaced by Wiaan Mulder as the all-rounder recovered from a finger injury and returned to the playing XI.
Pakistan, which has won just two of its last nine Test matches in this WTC cycle, once again went without a specialist spinner. It rested fast bowler Naseem Shah and brought in left-arm fast bowler Mir Hamza.
“A bit less grass than usual, but we would have had a bowl,” Pakistan captain Shan Masood said.
ISLAMABAD: Incarcerated Urfan Sharif, who was jailed last month for the murder of his 10-year-old daughter Sara Sharif in the United Kingdom, has been attacked at Belmarsh prison in southeast London, British media reported on Friday.
Sara was found dead in August 2023 at her home in Woking, a town southwest of London, after what prosecutors said was a campaign of “serious and repeated violence.” She suffered injuries including burns, multiple broken bones and bite marks.
Sharif and Sara’s stepmother fled to Pakistan immediately after the 10-year-old’s murder, before being arrested in September 2023 at London’s Gatwick airport after flying in from Dubai.
The 43-year-old father is understood to have suffered slashes to his face and body that require stitches, British broadcaster Sky News reported.
“Police are investigating an assault on a prisoner at HMP [His Majesty’s Prison] Belmarsh on 1 January,” Sky News quoted a prison service spokesperson as saying.
“It would be inappropriate to comment further while they investigate.”
The 43-year-old suffered “non-life-threatening injuries,” a Metropolitan Police spokesman told the broadcaster.
Sharif, his 30-year-old wife, Beinash Batool, who was Sara’s stepmother, were respectively jailed in Dec. for 40 and 33 years for years of horrific “torture” and “despicable” abuse that culminated in the 10-year-old’s murder.
Sara’s uncle, Faisal Malik, 29, was found not guilty of murder, but guilty of causing or allowing her death and awarded 16 years in prison.
ISLAMABAD: Pakistan’s Federal Investigation Agency (FIA) on Friday confirmed the arrest of a human trafficker who was allegedly involved in a boat capsize off Greece that killed more than 250 Pakistanis in 2023.
Hundreds of migrants, including 262 Pakistanis, had drowned when an overcrowded vessel traveling from Libya capsized and sank in international waters off the southwestern Greek coastal town of Pylos in June 2023. It was one of the deadliest boat disasters ever recorded in the Mediterranean Sea.
The incident highlighted the perilous journeys many migrants undertake, often driven by economic hardship, as young individuals seek better financial prospects by attempting dangerous crossings to Europe. More recently, another boat carrying illegal migrants capsized on Dec. 14 near the Greek island of Gavdos, killing at least five Pakistanis.
The issue of illegal immigration to Europe and its consequences gained significant attention in Pakistan after last month’s incident, with Prime Minister Shehbaz Sharif ordering “intensified efforts” against human traffickers.
“Intelligence-based operation is underway against elements involved in illegally sending citizens to Europe via sea,” FIA spokesperson Abdul Ghafoor said. “An agent involved in [trafficking along] the Afghan land route was arrested based on intelligence reports.”
The suspect, Afsar Khan, who was arrested from the Haripur district in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province, belongs to Afghanistan and is the brother of a “notorious” human trafficking agent, Qari Jan Muhammad, according to the FIA spokesperson.
The suspect was responsible for illegally trafficking Pakistanis via sea from Libya to Europe in 2023 and the FIA had found evidence relating to the crime on his phone.
On Dec. 27, Pakistani authorities arrested a woman along with two other human smugglers allegedly involved in last month’s boat tragedy.
“No one is allowed to play with lives of innocent people,” the FIA said, citing its top official in KP.
On Thursday, the FIA also issued red notices through Interpol for 20 foreign-based human traffickers involved in the 2023 Greek boat tragedy.
