News
Foreign powers want Pak to default like Lanka, claims Pakistan FM Ishaq Dar
(IANS) Pakistan Finance Minister Ishaq Dar continued with his “contradictory” approach with the International Monetary Fund (IMF), alleging that geopolitics was behind a stalled loan programme as global institutions wanted Islamabad to default like Sri Lanka and then enter negotiations.
Testifying before the Senate’s standing committee on finance, he once again stressed that the country would meet its obligations with or without the Fund’s bailout package, Dawn news reported.
He said no reason had been given by the IMF for the “unnecessary delay” behind the ninth review, which has been pending since November 2022.
“IMF or no IMF, Pakistan will not default,” he added.
Dar made it clear that “Pakistan is a sovereign country and cannot accept everything the IMF demands”, The News reported.
He said that as a sovereign country, Islamabad should have the right to give some tax concessions.
“The IMF wants us not to give tax concessions in any sector,” he added.
About the widespread rumours of default, the Minister claimed that geopolitics was aimed at forcing Pakistan to default.
“Foreign hostile elements want Pakistan to turn into another Sri Lanka and then the IMF will negotiate with Islamabad,” Dar alleged.
However, he made it clear Pakistan would not become another Sri Lanka at all, The News reported.
He said the Chinese understand that “politics is being played with Pakistan”, so they rolled over deposits and re-financed the commercial loans.
Earlier, they were also hesitant on moving ahead, he noted.
“IMF or no IMF, there are difficulties but we will manage,” he claimed.
The IMF, he said, was delaying the revival of the programme and wasting time.
“There are no valid reasons for delaying the 9th Review of the IMF, and the Fund staff approach is non-professional,” he said and added that he had categorically refused to share the budgetary details with the IMF without completion of the pending 9th Review.However, when the prime minister instructed him after a telephonic conversation with the IMF MD, then he had to share the budgetary framework, The News reported.
News
Members of the TPA meet with President Dissanayake
A group of Tamil Progressive Alliance (TPA) members, including its Leader Mano Ganesan, met President Anura Kumara Dissanayake on Thursday (02) morning at the Presidential Secretariat.
Extensive discussions were held on the issues faced by the Malayagam communities, particularly in relation to education, housing and land, as well as on the urgent measures required to address these concerns. The President paid special attention to all these matters.
Attention was also drawn to the recruitment of qualified Tamil-medium teachers to address the teacher shortage in estate sector schools and this too was discussed at length.
Members of Parliament P. Digambaram and V. Radhakrishnan, along with several other party members, were present at the meeting.
News
Lanka secures Russian support with oil supply amidst energy crunch
Minister of Foreign Affairs, Vijitha Herath, held talks with Deputy Foreign Minister of Russia Andrey Rudenko at the Foreign Ministry, in Colombo, on Thursday (02), with both sides reaffirming their commitment to strengthening bilateral relations.
The Sri Lanka Ministry of Foreign Affairs said the visiting Russian Deputy Minister noted that Russia regarded Sri Lanka as a long-standing friend.
Rudenko assured that Russia stood ready to support Sri Lanka when required, including in the swift supply of Russian oil to help address the current energy challenges, encouraging Russian investors to explore new opportunities in the country and promoting increased tourist arrivals.
He also expressed Russia’s readiness to provide compensation for Sri Lankan war veterans who had lost their lives in the ongoing conflict between Russia and Ukraine.
Minister Herath welcomed Russia’s willingness to assist, emphasising that Sri Lanka valued the support extended by its “old friend”, particularly at a time when the country was facing pressing energy needs.
He noted that the two countries shared nearly seven decades of diplomatic relations and said the present moment provided an opportunity to further strengthen ties, including through long-term trade agreements.
The discussions focused on enhancing cooperation in the fields of energy, investment, tourism and diplomacy, with both sides reiterating their commitment to further deepen the longstanding friendship between Sri Lanka and Russia.
News
157 foreigners arrested for engaging in online financial scam from hotel at Iranawila
Police yesterday arrested 157 foreign nationals in connection with an alleged organised online financial scam, conducted from a hotel in the Iranawila area in Chilaw.
The suspects were taken into custody during a raid carried out by the Police while they were staying at the hotel in Iranawila.
Police said the arrested group included 143 nationals from China, 13 from Bangladesh and one from Vietnam.
Investigators suspect the group had been involved in a coordinated online financial scam, targeting victims through digital platforms.
The suspects are being detained for further questioning while investigations are continuing to determine the full extent of the operation and whether additional individuals were involved.Police said further inquiries are underway.
By Norman Palihawadane
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