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IMF mission chief to visit Pakistan on March 26

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ISLAMABAD: The mission chief of the International Monetary Fund is expected to arrive in Pakistan on March 26.

Ernesto Ramirez Rigo will hold meetings with Finance Minister Asad Umar and State Bank employees.

The government is hoping for an Rs6 billion bailout package from the new chief.

Pakistan and the IMF are no strangers. Since 1958, they have made 21 agreements for loans.

The IMF is an international organisation of 189 countries working on monetary cooperation and international monetary stability. It helps member countries in three ways:

  • Economic surveillance — monitoring the economic and financial policies of its 189 member countries.
  • Lending — providing loans to member countries facing some degree of economic crises.
  • Capacity building —  modernizing member country economic policies and institutions, and training their people

Pakistan has gone to the IMF repeatedly since the late 1980s. The last time was in 2013, when Islamabad got a $6.6 billion loan to tackle an economic crisis.

Africa

Cricket: South Africa World Cup squad

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JOHANNESBURG: South Africa on Thursday named the following squad for the 2019 Cricket World Cup in England and Wales:
Faf du Plessis (capt), Hashim Amla, Quinton de Kock (wkt), JP Duminy, Imran Tahir, Aiden Markram, David Miller, Lungi Ngidi, Anrich Nortje, Andile Phehlukwayo, Dwaine Pretorius, Kagiso Rabada, Tabraiz Shamsi, Dale Steyn, Rassie van der Dussen.

 

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Asia

No Pak soldier or citizen died in Balakot airstrike: Sushma Swaraj

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AHMADABAD: Indian External Affairs Minister and BJP leader Sushma Swaraj Thursday said no Pakistani soldier or citizen died in the air strike carried out by the Indian Air Force across the border in response to the Pulwama terror attack in February.

“When we carried out air strike across the border after the Pulwama terror attack, we had told the international community that we took that step in self-defence only.

“We had told the international community that the armed forces were instructed not to harm any Pakistani citizen or its soldier during the strike,” she said.

“The Army was told to target only the terror camps of the Jaish-e-Mohammed, which had taken the responsibility for the Pulwama attack.

“And, our Army did the same without harming any Pakistani citizen or soldier,” said Ms Swaraj.

 

 

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World

N.Korea’s Kim to meet Putin in Russia in late April: Kremlin

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MOSCOW: North Korean leader Kim Jong Un will visit Russia in late April for his first meeting with President Vladimir Putin, Moscow said Thursday.

“Following an invitation from Vladimir Putin… Kim Jong Un will visit Russia in the second half of April,” the Kremlin said in a statement on its website.

 

 

 

 

 

 

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