Pak urges US to restore military funding and sales to stabilize crippling economy

Amid a severe economic downturn, Pakistan has now reached out to the United States of America to stabilize its tight economy. The neighboring country on Thursday urged the US to restore military funding and sales suspended by former US President Donald Trump, the Dawn reported, citing Pakistan’s envoy to Washington Masood Khan.

According to Dawn’s report, Khan said at a seminar in Washington, “It is important that the US – for Pakistan – restores foreign military financing and foreign military sales suspended by the previous administration.”

However, Elizabeth Horst, US Deputy Secretary of State for South and Central Asia, focused more on the need to help rebuild the troubled Pakistani economy and asked Islamabad to cooperate with the International Monetary Fund for this purpose (IMF).

“The reforms agreed between Pakistan and the IMF are not easy. But it is critical that Pakistan takes these measures to restore the country to financial health, avoid further debt and grow Pakistan’s economy, she said, as quoted by Dawn.

Horst also noted that both the US and Pakistan want “a region where terrorists pose no threat and borders are respected”.

She urged both countries to work together on the economy, trade, investment, regional stability and especially on global challenges such as climate and health.

According to Dawn, Horst acknowledged that “the question on everyone’s mind right now is Pakistan’s immediate economic situation.” adding that the US “shares concerns about the sustainability of Pakistan’s current economic path” and “we also know that this economic situation has deeply personal implications for tens of millions of Pakistanis tightening their belts.”

She said the US would continue to support Pakistan through technical arrangements and assistance, “particularly when it comes to encouraging Pakistan to adopt policies that promote an open and fair, transparent business environment”.

On Russian oil imports, Khan said that Pakistan placed its first order for Russian oil and did so in consultation with the US government.

The report said that the relationship between the US and Pakistan suffered a blow after the former’s withdrawal of troops from Afghanistan. It said intense US competition with China has further strained Pakistan’s relations with the United States.

The developments came during the half-day conference in Wilson Center, Washington, which focused on how to shape the US-Pakistan relationship against the backdrop of multiple challenging developments, Dawn said.

Relationship between India and Pakistan

Pal’s ambassador continued the relationship between India and Pakistan and sought Washington’s intervention to ease tensions between India and Pakistan.

“We appreciate the US’s encouragement to India and Pakistan to get involved. But beyond that, the US could act as a catalyst to help resolve the conflict between Jammu and Kashmir that has kept the region on the brink of war,” he said, as quoted by Dawn.

Pakistan and Afghanistan

Pak’s envoy also spoke about the current situation in Afghanistan and his country can help bring stability to the region.

“Afghanistan’s stability is first and foremost imperative for its own people who have suffered greatly over the past four decades,” he said.

He added: “Let’s work together to eliminate this threat. Today it threatens Pakistan and Afghanistan; if left unchecked, it will spread to other parts of the region and beyond.”

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