World

Pakistan PM leaves for global summit in Dubai

Agency | February 10, 2019 03:56 PM

ISLAMABAD:  Pakistan Prime Minister Imran Khan on Sunday left for a day-long visit to Dubai where he will participate in a global summit, the Foreign Office announced.

The World Government Summit is an annual gathering of heads of states and governments, policy makers and experts. It provides an opportunity to discuss improvement in governance through reform, innovation and technology.

Khan is expected to meet International Monetary Fund chief Christine Lagarde on the sidelines of the summit to discuss the conditions that have held up the fund's bailout programme, a Foreign Office spokesperson told Dawn news.

He will also meet United Arab Emirates Crown prince Sheikh Mohammed bin Zayed bin Sultan Al-Nahyan.

Khan is accompanied by Foreign Minister Shah Mahmood Qureshi and Finance Minister Asad Umar.

In his key note address at the summit, the Prime Minister will highlight his vision for a strong and prosperous Pakistan and will encourage investment in different sectors of the economy, the spokesperson added.

Regarding Khan's meeting with Lagarde, Foreign Minister Qureshi, while speaking to the media before their departure, said that Islamabad wanted to proceed with the bailout package under conditions that "will not add additional burden on the common man".

The IMF is asking for an adjustment of around 1,600-2,000 billion Pakistani rupees over three to four years, reports Dawn news.

It also wants some corrective measures to put Pakistan's economy on the right track after witnessing the highest-ever current account deficit.

The Fund has also asked for further monetary tightening as well as a complete free float of the exchange rate.

Have something to say? Post your comment
Must Read
Smuggling through border cannot be fully stopped, says BGB
Smuggling through border cannot be fully stopped, says BGB
'Batla House': Nora Fatehi steals the show with recreated version of 'O Saki Saki'
'Batla House': Nora Fatehi steals the show with recreated version of 'O Saki Saki'
Kumar Keshav, the man behind success of Lucknow Metro
Kumar Keshav, the man behind success of Lucknow Metro
 DC Exhorts students to be Ambassadors of conserving the water table in District by participating Zealously in ‘Jal Shakti Abhiyan’
DC Exhorts students to be Ambassadors of conserving the water table in District by participating Zealously in ‘Jal Shakti Abhiyan’
Nutritious and Delicious Kiwifruit from Chile makes deeper inroads into Indian Market
Nutritious and Delicious Kiwifruit from Chile makes deeper inroads into Indian Market
Defence Min issues Rs 2000 cr tender for critical heavyweight torpedoes for submarines
Defence Min issues Rs 2000 cr tender for critical heavyweight torpedoes for submarines
I will come to India in another 24 hours: IMA founder Mansoor Khan
I will come to India in another 24 hours: IMA founder Mansoor Khan
Maharani The Kitchen offers you the Best Royal Cuisine in Delhi/NCR
Maharani The Kitchen offers you the Best Royal Cuisine in Delhi/NCR
Rohit Sharma feels cricket rules need 'serious look in'
Rohit Sharma feels cricket rules need 'serious look in'
I'm not a perfect role model, says Neymar
I'm not a perfect role model, says Neymar
No proposal under govt's consideration for special category status to Odisha: Anurag Thakur
No proposal under govt's consideration for special category status to Odisha: Anurag Thakur
Pro-Khalistani leaders continue to hold key positions in PSGPC
Pro-Khalistani leaders continue to hold key positions in PSGPC