Business
Pakistan Requests US To Restore Military Financing, Sales; Told to Implement 'Tough Reforms' Agreed With IMF
Pakistan Prime Minister Shehbaz Sharif. (Representative Image)
Cash-Strapped Pakistan has requested the US to revive military funding and sales suspended under previousTrump administration.
Pakistan's envoy to the US Masood Khan, while addressing a seminar in Washington, emphasised the need for the restoration of "Foreign Military Financing and Foreign Military Sales" by the US for Pakistan.
"It is important that the US restores, for Pakistan, Foreign Military Financing and Foreign Military Sales, suspended by the previous administration," Khan was quoted by Dawn as saying.
Due to the US withdrawal from Afghanistan and the US-China rivalry, the US-Pakistan relationship has been uncertain and strained, negatively impacting Pakistan's economy.
During the event, Elizabeth Horst, the US Principal Deputy Assistant Secretary of State for South and Central Asia, emphasised the importance of helping Pakistan and urged Islamabad to collaborate with the IMF to implement the 'tough reforms' sought by the international lender, according to a Dawn report.
"The reforms that Pakistan and the IMF agreed to are not easy," she said.
"But it's crucial that Pakistan take these actions to bring the country back to sound financial footing, avoid falling into further debt, and grow Pakistan's economy," Horst added.
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