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UN chief urges IMF, WB to help Pakistan in its reconstruction efforts in flood-hit areas

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  • Pakistan needs a strong expression of international solidarity, says UNSG.
  • UNSG will co-host Geneva conference with PM Shehbaz on Jan 9.
  • Guterres urges Taliban not to let Afghan soil be used for attacks on Pakistan.

United Nations Secretary-General (UNSG) Antonio Guterres has urged the interim Afghanistan government not to allow terrorist organisations to use Afghan soil to carry out attacks on Pakistan and called on the International Monetary Fund (IMF), World Bank, and the international community to support Pakistan in dealing with the extended devastation of the unusual floods.

Addressing a year-end press conference at UN Headquarters in New York, Guterres said the UN is holding talks with the interim authorities in Afghanistan.

He said they believe the Taliban must deliver from the point of view of the interests of the international community and the interest of Afghanistan itself.

The UNSG also urged IMF, World Bank, and the international community to support Pakistan in dealing with the aftermath of the floods that wreaked Havoc in the country in July-September.

Talking about his expectations from the Geneva conference on January 9 aimed at rallying support for the flood-hit country for rehabilitation work, the UNSG said Pakistan needs strong support as one-third of the country was under water.

The secretary-general will co-host the Geneva conference with Prime Minister Shehbaz Sharif. 

Guterres said he is in contact with the IMF and World Bank and hoped these organisations would take noteworthy efforts to support Pakistan.

The UN chief said Pakistani people deserve and need a strong expression of international solidarity as floods affected 33 million and killed over 1700 people.

UNSG’s visit to Pakistan

Back in September, the UNSG paid a two-day solidarity visit to Pakistan amid devastating floods. He visited flood-affected areas and stressed the need for developed nations to assist Pakistan, saying that the international body’s help is “a drop in the ocean” compared to what is needed to rebuild.

During his visit to the flood-affected areas and camps under scorching heat, the UN secretary-general was overwhelmed by the scale of devastation that has engulfed Pakistan, PM Shehbaz told. 

He maintained that the UN chief’s voice has become the voice of flood victims.

Stressing the need for international support to deal with the natural catastrophe and control over carbon emissions, the prime minister said that the world should pay heed to what he said about climate change.

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The Pakistan Army’s pivotal role in the socioeconomic development of Balochistan

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Along with the province administration, the Pakistan Army has played a key role in leading a number of socioeconomic projects. A determined effort has been undertaken to solve the issues and utilise the potential of the province, realising the intrinsic relationship between the development of Balochistan and the advancement of Pakistan overall.

In the face of security problems, the Pakistan Army has adopted a multipronged strategy that includes peacekeeping as well as socioeconomic development. By means of focused awareness initiatives, communities have been motivated to seize mainstream chances, which has resulted in the voluntary surrender of militants and opened the door to a peaceful cohabitation.

The Army and the Balochistani administration have placed a high priority on the construction of educational facilities, particularly in outlying areas, recognising the role that education plays as a catalyst for advancement. By equipping the public with the knowledge and skills necessary for a better future, this strategic focus seeks to free the people from the hold of extremism.

In addition, the Pakistan Army’s unflinching security has helped to usher in a new era of growth, supported by strategic initiatives like the Gwadar Port and the China-Pakistan Economic Corridor (CPEC). The Army’s actions to protect CPEC projects have received international recognition, and the Chinese Minister of National Defence has praised them for their commitment to regional peace.

The Reko Diq project is a highly promising venture that has the potential to become the largest gold and copper mine globally. This grand project has the potential to reduce Pakistan’s debt load and spark massive economic expansion, drawing in international capital and improving the nation’s economic prospects.

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$13.44 billion in liquid foreign reserves

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The State Bank’s foreign reserves were $8,040.3 million, whereas Pakistan’s total liquid foreign reserves as of the week ending April 5, 2024, were US$ 13,441.7 million.

The State Bank of Pakistan said that during the week under review, the central bank’s foreign exchange reserves dropped by $0.1 million to $8,040.3 million in a statement released here on Monday.

It further stated that commercial banks’ net foreign reserves were reported to be $5,401.4 million.

The nation’s total liquid foreign reserves as of the previous week, which concluded on March 29, 2024, were $13,378.9 million.

These included the $8,040.4 million in foreign reserves held by the central bank and the $5,338.5 million in net foreign reserves held by commercial banks.

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Today, IHC will hear Qureshi, the founder of PTI,’s arguments against his conviction in the CCI case.

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The PTI founder and Shah Mehmood Qureshi will appeal their convictions in the cipher case to the Islamabad High Court today (Tuesday).

The hearing will be conducted by a division bench that consists of Justice Miangul Hassan Aurangzeb and Chief Justice Aamir Farooq of the Islamabad High Court.

The attorneys will present their arguments regarding the appeals against the sentencing during the hearing.

However, Bushra Bibi, the wife of the PTI founder, has filed a petition to have her medical examined, and this plea will also be heard today.

Bushra Bibi’s application will be considered by Justice Miangul Hassan Aurangzeb. The petitioner has voiced her concern that the food she was provided was toxic.

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