Latest World News: Prior to the approval of the $3 billion deal, the IMF reservation was that

PPP Saleem Mandviwalla, who was part of the party economics team that met with International Monetary Fund (IMF) officials ahead of the finalization of a new $3 billion deal, said on Saturday that global lenders’ caveat at the time of the consultation was that the election must take place on time.

The IMF had held meetings with political parties in the ruling coalition, as well as the opposition PTI party, before its board approved a stand-by deal for $3 billion earlier this month, a bailout deemed crucial to support the country’s struggling economy, just as a precedent expired.

Consultations were held to obtain assurances from political parties on the implementation of the new lender-backed program that will span three governments.

However, another member of the PPP economic team, Syed Naveed Qamar, said at the time that no discussion regarding the elections had taken place as it was not the mandate of the IMF team.

In the meantime, reports said PTI leader Imran Khan had asked for a guarantee that the elections would be held on time during the meeting with the IMF.

Asked about today’s consultations during DawnNews program Doosra Rukhsaid Mandviwalla, They (IMF) had just one reservation that the elections should be held on time.

To a question about the Fund’s reservations regarding the configuration of the interim that would take over the country’s reign after the dissolution of the National Assembly, the PPP senator replied in the negative.

He was of the opinion that we are responsible for the relations which go wrong with the IMF.

Five finance ministers came and all blamed each other. The IMF believes that although the government agrees to its terms, the political parties are starting a blame game.

So they (the IMF) have basically made a commitment to all the political parties that they will follow the program of the Fund. They took a commitment from us and we gave them a commitment, he said.

He said that the Fund has let the political parties know in the meetings that you are a sovereign country and you have to follow what you agree to.

Mandviwallas’ remarks came as political parties prepare for general elections, with Prime Minister Shehbaz Sharif announcing that the assemblies would be dissolved in August.

But confusion persists over whether coalition partners would opt for the normal dissolution of the NA at the end of its term on August 12, or advise the president to dissolve early.

According to Article 224 of the Constitution, a general election for the National Assembly or a provincial assembly shall be held within 60 days immediately following the day on which the term of the assembly is due to expire, unless the Assembly has been dissolved earlier.

In the event of early dissolution, the ECP is required to hold general elections within 90 days of dissolution, in accordance with Article 224(2).

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An Overview of Global Events in 2023

In 2023, the world witnessed a myriad of events that left a lasting impact on global affairs. From political developments and economic shifts to environmental challenges and breakthroughs in science and technology, the year was marked by significant changes and a sense of urgency for collective action. Here’s an overview of some of the latest world news in 2023.

Political Unrest and Diplomatic Strides:
In the political arena, several regions experienced unrest and geopolitical tensions. The ongoing conflict in the Middle East continued to dominate headlines, with efforts towards peace and stability remaining elusive. However, there were also moments of diplomatic breakthroughs as nations engaged in dialogues to ease tensions and work towards lasting solutions.

Economic Transformations:
The global economy faced both challenges and opportunities. Trade disputes between major powers affected markets, while some countries grappled with debt crises. On the other hand, emerging economies showed resilience and promising growth, fueling optimism for a more balanced global economic landscape.

Technological Advancements:
Innovation surged forward in the tech industry, with breakthroughs in artificial intelligence, renewable energy, and space exploration. Quantum computing achieved milestones, promising radical transformations across industries. Renewable energy sources gained traction, with many countries setting ambitious goals to combat climate change.

Climate Crisis and Environmental Resilience:
As the climate crisis intensified, extreme weather events wreaked havoc in various parts of the world. Wildfires, hurricanes, and floods reminded humanity of the urgent need for climate action. In response, governments and communities across the globe doubled down on efforts to reduce carbon emissions, invest in sustainable infrastructure, and protect biodiversity.

Health and Pandemic Management:
Health remained a global priority as countries continued to combat the COVID-19 pandemic. With the emergence of new variants, vaccination efforts and public health measures remained crucial to curbing the spread of the virus. There were also significant advancements in medical research and technology, offering hope for better preparedness in handling future health crises.

Sports and Cultural Milestones:
Amidst the challenges, the world found moments of joy and unity through sports and culture. International sporting events brought together athletes from diverse backgrounds, promoting solidarity and camaraderie. Cultural exchanges and celebrations showcased the richness of human diversity and fostered mutual understanding.

In conclusion, the year 2023 was a dynamic period filled with significant events that shaped the course of history. From political unrest to technological advancements and environmental challenges, the world witnessed the complexities of the global landscape. While obstacles remained, there were also encouraging developments and collaborative efforts towards a more sustainable, peaceful, and prosperous future for all nations. As we move forward, the lessons learned from these events serve as a reminder of the importance of collective action and cooperation to address shared global challenges.