IMF giving Pakistan tough time over unlocking funds, PM says 

This handout photograph released by the Pakistan Press Information Department (PID) on January 31, 2023, shows Pakistan’s Finance Minister Ishaq Dar (L) meeting with a International Monetary Fund (IMF) review mission led by IMF mission official Nathan Porter (2R) at the Finance Ministry in Islamabad. (AFP)
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Updated 03 February 2023
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IMF giving Pakistan tough time over unlocking funds, PM says 

  • An IMF mission is currently visiting Pakistan to discuss fiscal consolidation measures 
  • A review for the release of $2.5 billion funds to Pakistan has been pending since Nov 

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif said on Friday the International Monetary Fund was giving his country a tough time over unlocking stalled funding from a $6.5 billion bailout at a time the South Asian economy faces an “unimaginable” situation. 

Sharif made the comments in a meeting of civil and military leaders in the northwestern city of Peshawar he chaired to prepare a response to Monday’s mosque bombing that killed more than 100 people. 

“Our economic situation is unimaginable,” the premier said. “As you know, the IMF mission is in Pakistan, and that’s giving us a tough time,” he said. 

“You all know we are running short of resources,” Sharif said, adding Pakistan at present was facing an economic crisis. 

IMF’s Pakistan representative did not immediately respond to Reuters request for comment. 

The IMF mission is visiting Pakistan to discuss fiscal consolidation measures the institution needs from Pakistan to clear a 9th review of its Extended Fund Facility, aimed at helping countries facing balance-of-payments crises. 

Pakistan is in a $6.5 billion IMF program. 

An IMF delegation is in Pakistan to restart talks stalled since November for $2.5 billion funds yet to be disbursed. 


Pakistan, Iran leaders highlight mutual support after both engaged in short wars this year

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Pakistan, Iran leaders highlight mutual support after both engaged in short wars this year

  • Prime Minister Sharif met Iranian President Pezeshkian in Ashgabat on the sidelines of an international forum
  • Pakistani PM also had an informal interaction with President Putin, discussed regional issue with President Erdogan

ISLAMABAD: Prime Minister Shehbaz Sharif and Iranian President Masoud Pezeshkian on Friday praised the support their countries offered one another during episodes of external aggression this year, according to the state media, as they met on the sidelines of an international peace forum in Turkmenistan.

Pakistan fought a four-day war with India in May, when New Delhi fired missiles at its cities and Islamabad responded with retaliatory strikes. Nearly a month after the conflict, Iran waged its own war with Israel after Tel Aviv carried out attacks inside Iranian territory, prompting Tehran to launch a series of missile and drone barrages in response.

The meeting in Turkmenistan came as Pakistan and Iran seek to steady ties after a period of strained security relations, while also attempting to expand economic cooperation and strengthen border management. The two leaders reviewed regional developments, including Pakistan’s concerns over militant attacks it says originate from Afghanistan, and ongoing diplomatic efforts related to Gaza.

“Both leaders appreciated the strong support that their countries had provided to each other when they had faced external aggression earlier this year,” the state-owned Associated Press of Pakistan (APP) said.

Sharif highlighted the outcome of the 22nd Pakistan–Iran Joint Economic Commission held this year and urged closer coordination to increase bilateral trade, operationalize border markets, reinforce border security and revive transport links, including the Islamabad-Tehran-Istanbul rail network.

Pezeshkian, according to the report, said Iran wished to further strengthen ties and thanked Sharif for a “useful and timely exchange of views.”

Sharif also pressed for “meaningful action” from the Afghan Taliban administration to address Pakistan’s security concerns, APP added.

Separately, the Pakistani prime minister met other global leaders attending the forum marking the International Year of Peace and Trust 2025 and Turkmenistan’s Neutrality Day.

He held informal interactions with Russian President Vladimir Putin and discussed regional issues with Turkish President Tayyip Erdogan, Tajik President Emomali Rahmon and Kyrgyz President Sadyr Zhaparov.