00:00

00:00
player_volume
0

"US is ready to improve and expand its multidimensional partnership with Pakistan": John Kerry

US Secretary of State John Kerry assured Foreign Affairs Adviser Sartaj Aziz that United States is ready to improve and expand its multidimensional partnership with Pakistan

 US Secretary of State John Kerry assured Foreign Affairs Adviser Sartaj Aziz that United States is ready to improve and expand its multidimensional partnership with Pakistan.

Both dignitaries met on the sidelines the ASEAN Regional Forum (ARF) Ministerial Meeting being held in Laos and exchanged views on the regional situation with special reference to Afghanistan. According to a communiqué issued in Islamabad, Aziz and Kerry agreed on the importance of promoting the Afghan-led reconciliation process. John Kerry appreciates Pakistan's determined efforts to eliminate terrorist groups in Pakistan's tribal belt with considerable success. The two sides also reviewed Pakistan-US bilateral relations. US Secretary of State said he would like to visit Pakistan in the near future to review bilateral cooperation and discuss regional issues.

Islamabad to come out of IMF arrangement after 12th review of the program

Pakistan will goodbye to International Monetary Fund after completion of 12th review of its programme for Pakistan starting from Wednesday, July 27. It is for the first time in the country’s history that 12 reviews of IMF were going to be completed contrary to the past when even the weaker programme for poverty reduction could not be completed successfully.

Tax revenue has increased by thirty-three percent while foreign exchange reserves have also witnessed significant growth. Per capital income has risen by 12.9 percent while budget deficit has been reduced to five point three percent. Pakistan’s GDP growth has risen to four point six percent from three percent, and is expected to be about five percent at the close of current financial year.

Analysts:

Ali Salman (Economic Expert)

“Our institutions are working really well. The economic progress made by Pakistan is satisfactory and on an upward trajectory. Economically, Pakistan is in a much better position than last couple of years. Pakistan has started investing in infrastructure projects side by side, which is good sign. Pakistan is trying to generate revenue by increasing tax net. In order to minimize dependence of IMF, we have to work on industrial growth, increase the productivity of agricultural sector and produce more jobs. Our annual economic growth rate is nearly 4.5 %, which must be increased and given more attention."

Dr. Sarfaraz(IR Expert)

“Historically, Pakistan and America’s relations have remained good. Pakistan has remained part of US led alliances in the past decades. The recent unfolding events suggest that relations were backsliding and Afghanistan’s situation further put dents in bilateral relations. Pakistan should keep cordial relations with US. The recent development during the meeting of John Kerry and Sartaj Aziz is a positive sign for bilateral relations. The meeting underscores the reality that ice is melting between the two and relations are getting back to original track.”

 


Third-party Ads