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. 


Met Office forecasts ‘widespread’ rain, snowfall in parts of Pakistan

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Met Office forecasts ‘widespread’ rain, snowfall in parts of Pakistan

  • Heavy snowfall may cause road closures, while there is a possibility of landslides and avalanche in hilly areas
  • Tourists are advised to remain extra cautious, avoid unnecessary travel during forecast period, Met Office says

ISLAMABAD: The Pakistan Meteorological Department (PMD) has forecast “widespread” rain and snowfall in northern parts of the country in the coming days, saying that a shallow westerly wave was likely to reach the upper regions on Friday.

The weather system is likely to strengthen from Jan. 20 and grip most parts of the country from Jan. 21, bringing rain, thunderstorm and snowfall to several areas, according to a PMD advisory. Gilgit-Baltistan, Azad Kashmir, upper Khyber Pakhtunkhwa, Murree and Galliyat will experience rain/thunderstorm with light to moderate snowfalls Jan. 16 till Jan. 20, with occasional gaps.

Widespread rain/thunderstorm is expected in these areas along with Islamabad, and Punjab’s Sargodha, Gujranwala, Lahore, Sahiwal, Multan, Faisalabad, Dera Ghazi Khan and Bahawalpur divisions, as well as KP’s Peshawar, Hazara, Malakand, Mardan, Kohat, Bannu, and Dera Ismail Khan districts on Jan. 20-23.

“Heavy snowfall is expected [in] Chitral, Dir, Swat, Kalam, Shangla, Kohistan, Battagram, Mansehra, Abbottabad, Murree, Galliyat, Neelum Valley, Bagh, Haveli, Rawalakot from 20th (night) to 23rd January with occasional gaps,” the PMD said.

Similarly, rain/thunderstorm is expected in Balochistan’s Quetta, Ziarat, Chaman, Pishin, Killa Abdullah, Killa Saifullah, Nushki, Harnai, Zhob, Kalat, Barkhan, Sibi, Loralai, Musakhel, Turbat, Gawadar, Jiwani, Lasbella, Kech, Awaran, Chaghi, Panjgur, Khuzdar, Washuk and Kharan districts on Jan. 21-22.

Karachi, Hyderabad, Dadu, Jacobabad, Naushero Feroz, Kashmore, Larkana, Shaheed Benazirbad, Mirpurkhas and Ghotki in Sindh are likely to receive rain with occasional gaps on Jan. 22-23.

“Moderate to heavy snowfall in (Quetta, Ziarat, Chaman, Pishin, Qilla Abdullah, Qilla Saifullah, Noushki, Harnai, Zhob) during the period,” the PMD said.

Heavy snowfall may cause road closures and slippery conditions in Naran, Kaghan, Dir, Swat, Kalam, Chitral, Kohistan, Mansehra, Abbottabad, Shangla, Astore, Hunza, Skardu, Murree, Galliyat, Neelum valley, Bagh, Poonch, Haveli, Quetta, Ziarat, Chaman, Pishin, Killa Abdullah, Killa Saifullah, Nushki, Harnai and Zhob, according to the PMD.

There is a possibility of landslides and avalanche in hilly areas of upper Khyber Pakhtunkhwa, Gilgit-Baltistan and Kashmir during this period.

“Tourists are advised to remain extra cautious and avoid unnecessary traveling during the forecast period,” it said.

“Fog condition is likely to diminish in Punjab, Khyber Pakhtunkhwa and upper Sindh during the wet spell. Day time temperatures are likely to drop significantly during the period.”