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The Latest Breaking News from Miftah Ismail

Can Pakistan’s politicians break the military’s stranglehold?

Pakistan’s political leaders have come together previously to bargain for more space in the system. But it’s difficult.

Al Jazeera

Analysis: Pakistan moves toward deal-or-default endgame

Pakistan's full-blown economic turmoil, from its biggest ever currency devaluation to a rash of emergency spending cuts, offers the clearest sign yet that the nuclear-armed nation faces the risk of a default unless it receives massive support.

Reuters

Pakistan flood losses estimated at $40bn: Ex-finance minister

Al Jazeera looks into the extent and cost of the recent floods that triggered humanitarian and financial crises.

Al Jazeera

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U.S. extends debt relief to Pakistan after floods

Washington on Friday rolled over an agreement to suspend service payments on $132 million of Pakistan's debt, the U.S. embassy in Islamabad said, after devastating floods exacerbated the South Asian nation's economic crisis.

Reuters

Why is Pakistan investigating several audio leaks from PM office?

PM Shehbaz Sharif orders formation of committee to investigate leaking of several audio files released over past week.

Al Jazeera

Ishaq Dar takes oath as Pakistan’s new finance minister

Dar, a chartered accountant by profession, was given the position after resignation of his predecessor Miftah Ismail.

Al Jazeera

Pakistan's finance minister says he will formally resign from role

Pakistan's finance minister Miftah Ismail said on Sunday he planned to formally resign from the role.

Reuters

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Pakistan will 'absolutely not' default on debts despite floods: Finance Minister

Pakistan will "absolutely not" default on debt obligations despite catastrophic floods, the finance minister said on Sunday, signalling there would be no major deviation from reforms designed to stabilise a struggling economy.

Reuters

The difficult path to India-Pakistan peace

The failure to manage the domestic audience in Pakistan is a recurrent trope that has overwhelmed peace attempts

The Hindu

Vegetable costs up 500%, threaten to fuel Pakistan inflation

Skyrocketing prices of tomatoes, potatoes and onions are putting food out of reach in flood-ravaged Pakistan and raising the specter of inflation hitting 30%, which may spur more monetary tightening.

The Times of India

Pakistan struggles to avert danger as floods rise, death toll tops 1,300

(This September 5 story officially corrects paragraph 9 to 100,000 pregnant women, not 400,000, following correction by health department to its data)

Reuters

Pakistanis protect homes against devastating floods; aid arrives

Residents in southern Pakistan used sandbags to shield their homes from surging floodwaters that inundated a major highway on Wednesday, as global aid began arriving with food, medicine and tents to help alleviate a major national disaster.

Reuters

Pakistan flooding ‘has killed 1,100 and already caused at least $10bn worth of damage’

The Pakistan climate change minister has called the situation a “climate-induced humanitarian disaster of epic proportions”

Evening Standard

Pakistan to consider vegetable imports from arch-rival India to mitigate floods fallout

Pakistan will consider importing vegetables from arch-rival India to mitigate floods fallout, Finance Minister Miftah Ismail said on Monday, as food prices have risen significantly.

Reuters

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The Hindu

PM Modi extends condolences to flood victims as Pakistan Finance Minister says he may consider reopening trade

Pakistan Finance Minister says Islamabad could consider importing Indian vegetables and essentials

Reuters

IMF board releases over $1.1 billion in Pakistan bailout funds

The International Monetary Fund (IMF) board approved the seventh and eighth reviews of Pakistan's bailout programme, allowing for a release of over $1.1 billion to the cash-strapped economy, the fund and the government said on Monday.

Tribune News Service

Pakistan flood death toll passes 1,000 in ‘climate catastrophe’

Flooding in Pakistan from the highest rainfall in more than three decades has killed at least 1,000 people since June and caused more than $10 billion worth of damage.

The Hindu

Pakistan can consider importing vegetables, other edible items from India: Finance Minister Ismail

Pakistan is witnessing a massive surge in the prices of various vegetables and fruits due to devastating floods

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The Independent UK

IMF reaches deal with Pakistan to revive $6B bailout

The International Monetary Fund says it has reached a preliminary agreement on a $6 billion bailout for Pakistan

Reuters

Pakistan to raise taxes on rich, ban some car buying to secure IMF bailout

Pakistan Finance Minister Miftah Ismail said on Friday the government would raise taxes on the rich and ban government officials from buying new cars, amid pressure to control the fiscal deficit and secure International Monetary Fund (IMF) bailout money.

Al Jazeera

Pakistan holds bailout talks with IMF in Qatar as economy falters

The new Pakistan government is seeking the release of more funds from a $6bn rescue programme agreed with IMF in 2019.

Al Jazeera

Pakistan has a ‘strategy’ to boost shrinking forex reserves: FM

With barely enough reserves to cover two months of imports, finance minister says it will not be the next Sri Lanka.

Reuters

Pakistan's new finance minister faces tight time frame to tackle crises

Pakistan's new prime minister has appointed 57-year-old economist and businessman Miftah Ismail as the finance minister who will be tasked with quickly arresting a downward economic spiral and getting IMF talks back on track.

Reuters

Pakistan's new govt may have to roll back fuel, power subsidies

Pakistan's new government led by Prime Minister Shehbaz Sharif is in internal discussions on whether to roll back fuel and power subsidies that have blown a hole in public finances amid a stuttering economy, officials said.

Reuters

Pakistan's new government facing severe economic challenges, aide says

Pakistan's new government is facing the daunting task of managing a stuttering economy with huge deficits, an aide to new Prime Minister Shehbaz Sharif said on Tuesday.

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