PTI urges IMF to consider Pakistan's instability in talks
Reuters—a UK based news agency—reports that Khan's Pakistan Tehreek-e-Insaf (PTI) party has sent a letter to the IMF detailing its position, two senior sources in the party said, adding more details will be made public in due course.
Islamabad: The party of Pakistan's jailed former prime minister, Imran Khan, has asked the International Monetary Fund to factor in the country's political stability in any further bailout talks, two people familiar with the matter said on Wednesday.
Khan's Pakistan Tehreek-e-Insaf (PTI) party has sent a letter to the IMF detailing its position, two senior sources in the party said, adding more details would be made public in due course.
The IMF has yet to receive the letter, the lender said in an email to Reuters.
Last week, the IMF declined to comment on the country's political situation after Khan's aides said they would urge the lender to call for an independent audit of Pakistan's disputed Feb. 8 elections before engaging in further talks with Islamabad.
Sohail Ahmed of Karachi-based Topline securities said the letter was unlikely to have a major market impact.
"The IMF will do its own due diligence," he said.
Pakistan's cash-strapped economy is struggling to stabilise after securing a $3 billion standby arrangement from the IMF last summer, with record inflation, rupee devaluation and shrinking foreign reserves.
China has rolled over a $2 billion loan to Pakistan, local Geo News TV reported on Wednesday, citing unnamed sources in finance ministry.
The $2 billion loan was due in March and has been extended for one year, it said.
Analysts say a new government - which Khan's opponents are expected to form - is likely to need more funds from the global lender after the standby arrangement expires in April.
Khan, ousted in April 2022 in a parliament vote of confidence, was accused by opposition parties of scuttling an IMF deal under a $6 billion Extended Fund Facility days before leaving his office, a charge he denies.
An IMF spokesperson said last week that it was focused on the completion of the standby programme but was available to support the post-election government through a new arrangement to address Pakistan's ongoing challenges if requested.
National Assembly's maiden sitting scheduled for tomorrow
The Ministry of Parliamentary Affairs requested the Prime Minister for the approval of making arrangements to convene the maiden session of the newly elected Lower House.
Islamabad: The first sitting of the National Assembly will be held at the Parliament House in Islamabad tomorrow at ten in the morning.
According to a notification issued by the National Assembly Secretariat, the Ministry of Parliamentary Affairs requested the Prime Minister for the approval of making arrangements to convene the maiden session of the newly elected Lower House.
The Prime Minister, after obtaining the legal opinion from the Ministry of Law and Justice, gave his approval under clause (2) of Article 91 of the Constitution of Islamic Republic of Pakistan.
Earlier in the day, Caretaker Minister for Information and Broadcasting Murtaza Solangi visited the National Assembly Secretariat today and reviewed arrangements for the inaugural session of the National Assembly.
On the occasion, he was given a detailed briefing on the arrangements and the facilitation desk established for the registration of newly elected members of the lower house.
First resolution seeking pink bikes program for women moved to PA
The latest reports say that PML-N MPA Sadia Tamoor moved the resolution to the provincial assembly.
Lahore: A first resolution has been moved to the Punjab Assembly asking the house to take up the matter of revision of pink bikes’ program for the women.
Sadia Tamoor, the PML-N MPA, moved the resolution.
The PML-N government during the previous tenure introduced the program for the job holders women in a bid to empower them.
The current resolution also gave reference of the hundreds and thousands of pink bikes being run by the women and the girls, and mentioned that it is the scheme is a good decision for provision of affordable bikes.
According to the reports, the former government also unveiled Motorbike Subsidy Scheme,' which was aimed to provide a boost to women's mobility by offering 3,000 motorcycles at subsidized rates.
The authorities had announced that the initiative is a collaborative effort between the provincial transport department, the Bank of Punjab, and the Chief Minister’s Strategic Reforms Unit. The distribution of motorcycles was conducted through a transparent balloting process to ensure fairness and accessibility.
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