IMF continues engagement with Pakistan for board meeting before current program expires at June end

This handout photograph released by 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. (Photo courtesy: PID/File)
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Updated 30 May 2023
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IMF continues engagement with Pakistan for board meeting before current program expires at June end

  • A staff-level agreement between Pakistan and the IMF remains delayed since November
  • Pakistan, desperate to shore up foreign exchange reserves, is looking to revive stalled loan

KARACHI: The International Monetary Fund (IMF) continues engagement with the Pakistani authorities to pave the way for a board meeting before the current program expires at end of June, the IMF mission chief for Pakistan said.

A staff-level agreement on the review has been delayed since November, with more than 100 days passed since the last staff level mission to Pakistan, the longest such delay since at least 2008.


Islamabad, Abu Dhabi resolve to deepen cooperation as UAE minister arrives in Pakistan

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Islamabad, Abu Dhabi resolve to deepen cooperation as UAE minister arrives in Pakistan

  • UAE’s Minister of Tolerance Sheikh Nayhan bin Mubarak Al Nayhan arrives in southern Khairpur city
  • Al Nayhan meets Pakistan Interior Minister Mohsin Naqvi, discuss joint initiatives, bilateral ties

ISLAMABAD: Pakistan’s Interior Minister Mohsin Naqvi and UAE’s Minister of Tolerance and Coexistence Sheikh Nahyan bin Mubarak Al Nahyan on Wednesday discussed deepening bilateral cooperation and matters of mutual interest between the two states, the Pakistani interior ministry said. 

The two officials met and held talks when Al Nayhan arrived in Pakistan’s southern Khairpur city, the interior ministry said. Both leaders jointly cut a cake to mark the UAE’s National Day, which is celebrated on Dec. 2 every year. 

“During the meeting, there was a detailed discussion on further strengthening bilateral cooperation between Pakistan and the United Arab Emirates, matters of mutual interest and joint initiatives,” the interior ministry said. 

Naqvi observed that the brotherly ties between Pakistan and the UAE are based on mutual trust, respect and long-standing friendship. 

The Pakistani minister also noted that both countries remain firmly committed to further strengthening these ties, the statement said. 

Pakistan considers the UAE a vital regional ally, with the Gulf nation being Pakistan’s third-largest trading partner after China and the US.

It is also a major source of foreign investment for the South Asian country, valued at over $10 billion in the last 20 years, according to the UAE’s ministry of foreign affairs.