#imfpakistan #imfdeal #barristersaif #maryamnawaz #aliamingandapur #punjabgovernment #bulletin
IMF board likely to approve Pakistan’s $7bn EFF program today
SHC moved for arrest of Israeli PM Netanyahu
NADRA issues important advisory for general public
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IMF board likely to approve Pakistan’s $7bn EFF program today
SHC moved for arrest of Israeli PM Netanyahu
NADRA issues important advisory for general public
Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY
Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP
ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
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NewsTranscript
00:00Let me tell you the good news for Pakistan's economy at the beginning of the bulletin.
00:08IMF has granted Pakistan $7 billion loan.
00:12After IMF's approval, Pakistan will get the first installment of loan before September 30.
00:18The first installment of loan will be $1.10 billion.
00:21Pakistan will get $7 billion from IMF in three years.
00:24Before the end of 2024, Pakistan will get the second installment of loan.
00:29The IMF bailout package has put an end to the pressure on Pakistan's foreign investment.
00:36Thank you so much for your time, Mr. Khan.
00:41Certainly, a lot of efforts have been made for this $7 billion.
00:46To what extent will the burden of foreign investment be reduced?
00:50How much stability will we see in the coming days and how long?
00:55Pakistan's economy is showing macro-stability.
00:59It means that the interest rate has come down.
01:02It used to be at 38%.
01:04Now it is in the high single digits.
01:07This year, it is expected to be close to 12%.
01:10I hope that people's purchasing power will be better this year.
01:14Money has been saved. Stock exchange is reacting better.
01:18Pakistan's interest rate is showing a 3.5% decrease.
01:23In fact, it is showing an increase of 22% to 17.5%.
01:28You can see an improvement there as well.
01:31These are all important elements of macro-stability.
01:35The main reason for this is the engagement of the IMF.
01:37Pakistan's $26 billion, which is needed for cross-external financing needs this year,
01:42is also due to the engagement of the IMF.
01:44Multilaterals, bilaterals, friendly countries, mock-corona,
01:48re-profiling for a year, all that has happened.
01:51But I will say again, always remember,
01:53for this, obviously, the economy had to slow down.
01:56New taxes of Rs. 1.8 billion, pricing changes.
01:59First, tight monetary policy.
02:01We have paid a big price to be in a fund program.
02:04Pakistan should now decide to get off this treadmill
02:09that this is a time, this is a space.
02:12Please don't think that the IMF is a panacea
02:15that will solve all the issues of Pakistan.
02:18But the IMF has bought you macro-stability,
02:20the IMF engagement has bought you time,
02:22has bought you breathing space.
02:24Now, first, how to complete the 37-month program,
02:28you have to make a framework for that.
02:30Because till now, we are very dependent on IMF advice.
02:34So you have to, you know, make your home team,
02:37what is the program that is not so heavy for Pakistan,
02:41vulnerable and poor segments and income-earners.
02:45And it should correct the fundamentals of Pakistan's economy.
02:49That's number one.
02:50Number two is, what are the structural,
02:52that is, what are the fundamental changes?
02:54You see, the biggest fundamental change is that
02:57economic governance is the special support of this thing,
03:01that your economic institutions should be strengthened,
03:05which includes policy-making institutions,
03:07which includes giving operations to the private sector.
03:10And then, along with that, you have to create ease,
03:14you have to renovate the energy sector.
03:16Now, you have to do all this.
03:18The IMF is playing a role with you.
03:20You were having trouble doing NFC.
03:23They said, we will take Pakistan towards a National Fiscal Pact.
03:27So it is expected that the matter will be resolved with the provinces.
03:30What I am trying to say is that
03:32if you want to get off the IMF's treadmill
03:35and if you want to ensure macro-stability yourself,
03:39then these decisions that we have now made with the fund
03:42or with the engagement of the fund,
03:44we can make them ourselves.
03:45No one will tell you not to reform your expenditure
03:49and reduce it.
03:50Don't reduce your divisions, departments.
03:53Don't give what has to go to the provinces below.
03:57All this work is for you to do.
03:59But Alhamdulillah,
04:00a macro-stability,
04:01a foreign,
04:03the grass financing needs,
04:05and the way there is a shortage of funds,
04:07pick up some investment from that.
04:09Now, all these things,
04:11you have to cement them.
04:12Okay, Khakha Najeeb, all these things,
04:15that this is the crisis's treadmill,
04:17you have to get off it,
04:18you have to do planning in the longer run.
04:20Basically, when a person hears the news
04:23that Pakistan is getting 7 billion dollars,
04:25his natural first question will be,
04:27what effect will it have on me?
04:28Will there be less inflation?
04:30Look, the macro-stability that has come,
04:33because you have a 9-month SBA,
04:36you are coming with a standby fund,
04:38so already by flowing the economy,
04:41by increasing the shares,
04:43you have reduced a demand.
04:45Along with that, Alhamdulillah,
04:46agriculture behaved well last year.
04:49The share of inflation was 29% in 2023,
04:55it was 24% in 2024,
04:58which was the financial year,
04:59and the financial year 2025,
05:01which is now passing,
05:02it is expected to remain at 12-13%.
05:04If your buying power,
05:06because if your salary increases by 15%,
05:08then actually your purchasing power has improved.
05:10One thing.
05:11But Doctor, in this,
05:12basically explain this in layman language,
05:16that the 7 billion dollars you have taken,
05:18this is your loan,
05:20and in other foreign institutions,
05:22you have got a breather,
05:24and with this artificial pump,
05:25you are balancing those things.
05:27To run your economy locally,
05:29you are still stuck in the matter of tax net.
05:32So you are creating an assumption
05:34that 15% of the salary has increased or not,
05:36and the tax net has not increased in that way,
05:38so the burden is increasing on the people already in the tax net.
05:40So this balance is basically a breather for the government.
05:43How is the balance reaching you?
05:46I am reaching you in such a way that,
05:48let's say that there is no engagement of the fund,
05:50and you think that the default spending
05:53was 12-13 months ago,
05:55and the money was at 315 or 325,
05:58and your savings were not even covering the import for a month,
06:02then how much more instability would you have?
06:05All the stability that you are seeing today,
06:08and the improvement that you have seen in the amount of money,
06:11you were borrowing at 22% earlier,
06:13now you have seen that the interest rate has decreased.
06:17So if you go to buy a car,
06:19instead of paying 22%,
06:21you will pay 17.5% interest.
06:23If you stay at 12% next year,
06:28and your channel increases your salary by 15%,
06:31then your purchasing power will really increase.
06:34Similarly, if we were investing in many other places,
06:38in the Karachi Stock Exchange,
06:40then you would have earned 80%.
06:42If you stay on these three things,
06:44then a lot of people are involved in these three things,
06:47so they will feel comfortable.
06:49But at the same time,
06:51there are two opinions.
06:53When I wrote an article in Dawn,
06:55I wrote that this is breathing space.
06:57Its name itself was breathing space.
06:59IMF brings you from the ICU table to the surgical table.
07:05Surgery is still an energy sector.
07:07Yes, it is still important,
07:09and it is important to do it as you mentioned earlier.
07:11Doctor, thank you so much for your time.
07:13A 7 trillion dollar loan has been approved for Pakistan.
07:16A very big good news for the Pakistani economy.
07:22If you break the law in Punjab,
07:24you will get a broken answer.
07:26PM Mariam Nawaz warned the PTI.
07:28She said, terrorists cannot rule in Punjab after 5pm.
07:33After 6pm, two police officers had ended the meeting.
07:36You make the people of Punjab terrorists.
07:39Mariam will not let this happen.
07:41If a young man stands up and says
07:43that he got a job on merit in 6 years.
07:45Young man, tell me,
07:47does Pakistan want to be blamed
07:49for the fake allegations of
07:51Ghalam Guloch, thieves, robbers?
07:53This morning, an ambassador came to Nawaz Sharif.
07:57He said that there is political upheaval in Pakistan.
07:59Nawaz Sharif said,
08:01we have grown up in this upheaval.
08:03There is nothing new for us.
08:05This has always happened in Pakistan.
08:07There are many young men who raise slogans.
08:10If a young man stands up and says
08:12that a young man got a job on merit in 6 years.
08:15I want to ask young men,
08:17do you want Pakistan to be blamed
08:19for the fake allegations of
08:21Ghalam Guloch, thieves, robbers?
08:23So that you can provoke the people.
08:25You are fully aware
08:27that we have to attack the opposition.
08:29If the Prime Minister himself
08:31attacks another province,
08:33brings an army,
08:35blows up AK-47 in the air,
08:37breaks the glass.
08:39Look at the rule of
08:41hooliganism and terrorism in your province.
08:47You are trying to make the people of Punjab
08:49terrorists.
08:51Your people are dying of hunger
08:53and disease in the province.
08:55At 6 o'clock, we had an understanding
08:57that the Jalsa in Lahore will end.
08:59After 6 o'clock, two policemen went
09:01to end the Jalsa and came down.
09:03At 5 o'clock in the evening,
09:05the roads will be closed
09:07and terrorists will rule in Punjab.
09:09If you come to the borders of Punjab
09:11and break the law,
09:13you will get a broken face.
09:15Mariam Nawaz says that
09:17Jalsa in Punjab is terrorism.
09:19The criminals of Model Town
09:21have no right to call others terrorists.
09:23Ali Amin Gandapur,
09:25Punjab is riding on the shoulders
09:27of the government.
09:29Mariam Nawaz's speech
09:31said that Ali Amin Gandapur
09:33is coming to Punjab again.
09:35He does not care about fake cases.
09:37Jalsa is our democratic
09:39and legal right.
09:41The record of corruption is being
09:43broken by the Noon League
09:45and we are being called terrorists.
09:47The Sharif family is the biggest
09:49corrupt mafia in the country.
09:51The Minister of Punjab is not
09:53taking care of Mariam Nawaz.
09:55It seems that he is also
09:57involved in the activities
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