International

Discussion on Pakistan bailout application to begin on Wednesday: IMF

Washington | The discussion on Pakistan’s multibillion-dollar bailout application would begin on Wednesday, the International Monetary Fund has said.

Last month, Pakistan Finance Minister Asad Umar had made a formal request for financial assistance from the IMF. “We expect those discussions to begin on November the 7th. An IMF staff mission will go to Islamabad and initiate discussions with the authorities,” IMF Director of Communications Gerry Rice told reporters.

“The objectives of that program is to help stabilise the Pakistan economy, put in place the preconditions for sustained inclusive growth,” Rice said, adding that the modalities of that would be announced once the IMF and Pakistan have reached a staff-level agreement. Once it is reached, Rice elaborated that they would go forward to IMF Board for the formal approval of the program.

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India-Pakistan clash will affect Afghan peace talks: Taliban

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Kabul | Taliban amid an ongoing clash between India and Pakistan worried that the tension between the neighbouring countries would impact the Afghan peace process.

In an issued statement Taliban spokesman Zabiullah Mujahid said, “The continuation of such conflict will affect the Afghanistan peace process.” Taliban further urged India to refrian from further military actions, He stated,“India should not carry any further violence in Pakistan because its continuation will affect regional security. Also the continuation of such conflict will cost a lot to India”.

After the Indian Air Force’s air strike on terror camps in Pakistan occupied Kashmir (Pok) on Tuesday early morning in retaliation Pakistani fighter jets on Wednesday violated Indian air space in Jammu and Kashmir’s Poonch and Nowshera sectors.

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