Help has been sought from Saudi-UAE
General Qamar Javed Bajwa asked the US official to ask the IMF to quickly release a crucial $1.7 billion tranche to Pakistan before reaching Saudi-UAE. After which there was an uproar in Pakistan that the Shahbaz government has given a begging bowl to the army but it seems that the Pakistani army has really taken the begging bowl in its hands. According to Pakistani media reports, the army chief asked Saudi Arabia and the UAE to ensure financial assistance. Let us tell you that there is a risk of Pakistan becoming a defaulter and if it does not get billions of dollars by next month, it will not be able to buy goods from abroad and its condition will also become like Sri Lanka.
The IMF meeting will be held this month
The Executive Board of the International Monetary Fund (IMF) is going to meet at the end of this month, in which Pakistan will formally release the next tranche of 1.2 billion US dollars, according to a report by the Pakistani newspaper Express Tribune. may approve as The IMF is believed to have asked Pakistan to give firm guarantees that its friends will provide $4 billion for its external needs. The report said that Pakistan is in talks with key allies like Saudi Arabia, UAE and China to provide the necessary funds.
The Saudi Prime Minister returned empty-handed
According to a Pakistani newspaper, when Prime Minister Shahbaz Sharif went to Saudi Arabia in April, he was returned empty-handed only after becoming the Prime Minister. At that time, Saudi Arabia did not give any firm assurance about whether it would give a loan to Pakistan or not. UAE is also refusing to come forward to save Pakistan. According to the Express Tribune, the UAE offered to buy shares and assets instead of giving loans to Pakistan, after which the Pakistan government hastily passed a cabinet resolution to sell Pakistan’s government assets and the proposal said that if the future If there is a dispute regarding the sale of the property, the dispute cannot be taken to the courts. There is still uproar in Pakistan regarding this proposal of the cabinet. Along with this, now the Pakistani newspaper has said that the army chief has spoken to the officials of both Saudi Arabia and UAE for financial help.
Pakistan Army has confirmed the call
Along with this, the media wing of the Pakistan Army issued a statement on Friday saying that General Bajwa was sent to the UAE. President Muhammad bin Zayed Al-Nahyan received a telephone call, in which the UAE’s top leader expressed deep sorrow over Pakistan’s visit to Balochistan. Soldiers killed in army helicopter ‘accident’ However, the Pakistan Army statement made no mention of any talks related to financial assistance to Pakistan, when General Bajwa spoke to US Secretary of State Wendy Sherman last week in July. and Washington’s help was sought for an early meeting of the Executive Board of the IMF. , Imran Khan had said that the Shahbaz government had made the Pakistan Army a ‘beggar’. State-run news agency Associated Press of Pakistan (APP) quoted sources as saying that Bajwa spoke to Wendy Sherman on the phone and told the White House and the US Treasury Department about the IMF. urged to prompt the debt of about 1.2 billion dollars. .
Is Pakistan’s foreign ministry lying?
According to a Pakistani newspaper, however, the Foreign Office feigned ignorance, because if the two leaders had talked about the economy, wouldn’t they have urged Pakistan to release the loan sooner? Bajwa has also served as a chief negotiator on financial matters in the past, and traveled to Gulf countries in 2018 to seek financial support for the government of then Prime Minister Imran Khan. It was because of his military diplomacy that the United Arab Emirates and Saudi Arabia extended financial bailout packages. The Pakistani newspaper said the reason for the role of the army chief arose from the fact that other countries might not have been ready to accept the trust of a civilian government. Saudi Arabia, United Arab Emirates and China have always given financial help to Pakistan in difficult situations but this time they have asked for help under certain conditions, while sources say that China has refused to help. is At the same time, Saudi Arabia and the United Arab Emirates are working with the IMF and other Western countries on financial assistance specifically for Pakistan.