Govt reaches out to IMF for clarifying on KP govt’s letter

Pakistan has contacted the International Monetary Fund (IMF) for a clarification of a letter written by Khyber Pakhtunkhwa (KP) Finance Minister Taimur Saleem Jhagra to Finance Minister Miftah Ismail.

According to an announcement by the federal finance ministry, Finance Minister Miftah Ismail and officials of the ministry gave an explanation to the IMF, media reports said. It said the province and the Centre had ensured that all points of the agreement would be implemented and they still stood by their commitment. The ministry said the IMF agreement would be implemented at

all costs and the international lender had responded positively to Pakistan’s explanation

The KP government had refused to comply with the requirement of the IMF before the final agreement. KP Minister for Finance Taimur Saleem Jhagra had written a letter to Federal Finance Minister Miftah Ismail, saying that the province could not leave a surplus budget as desired by the IMF. Miftah Ismail had expressed outrage at the letter.

PM Shehbaz criticises PTI For jeopardising IMF deal: Meanwhile, Prime Minister Shehbaz Sharif said that self-centred politics can cause irreparable damage to Pakistan as unfortunately, a party is playing politics over the agreement with the International Monetary Fund (IMF) when the lender’s board meeting is around the corner, Prime Minister Shehbaz Sharif said, without naming the PTI.

“I have never seen such self-centered politics; it will be a huge injustice with Pakistan and a big conspiracy against the country,” the premier said while referring to PTI on his visit to the flood victims in Sujawl, Sindh.

PM Shehbaz said that the federal government had allocated Rs38 billion in grant to support the flood-affected families with the disbursement of Rs25,000 to each of them.

Speaking to the flood victims, the prime minister said he had already announced Rs15 billion in grant to Sindh while the distribution of flood relief amount among the affected families had commenced in the province after Balochistan under the Benazir Income Support Programme (BISP). “The BISP has complete data, ensuring prompt and fair distribution among the deserving families,” he added.

Assuring the provincial governments of the federal government’s support, the prime minister said other provinces would also be provided with grants. The prime minister was accompanied by Sindh Chief Minister Syed Murad Ali Shah, federal ministers and relevant authorities.

The prime minister said the federal government had continued it efforts to support the provincial governments in rescue, relief and rehabilitation efforts with the support of the National Disaster Management Authority and other relevant departments. “A survey will be launched soon to assess the damages and losses caused by floods across the country,” he added.

The prime minister stressed that in the hour of trial, they had to work collectively, instead of playing politics.