US supports Pakistan’s work with IMF: Blome

KARACHI: US Ambassador to Pakistan Donald Blome said Friday that the United States is “very pleased” that Pakistan succeeds in the ongoing program with the International Monitoring Fund (IMF) to overcome its current challenge financial and economic.

In addition, he said that the United States is not pressuring Pakistan to “choose” between economic relations with China or the United States. Business ties between many partners are the key to economic prosperity.

In an interactive session on “US-Pakistan Relations: Present and Future,” Donald Blome said the United States fully supports Pakistan’s work with the IMF. Our main goal is to see a stable, secure and prosperous Pakistan. “We want to see the program continue.

US informed of IMF ambivalence

Obviously, there’s a short period left on this particular show.” The IMF is an independent international institution of which the United States is a member of the board, like many other countries. It works within an important policy framework with carefully negotiated agreements with counties that are in its programs, he said. “We want Pakistan to succeed in the program to more broadly overcome its significant financial and economic challenges,” the US ambassador said.

The event was organized by the Pakistan Council on Foreign Relations (CPFR).

Over the past few decades, he said many lawmakers in the US viewed Pakistan through the lens of US engagement with Afghanistan, and more recently some commentators have attempted to frame the US relationship with Pakistan with the prism of China, India or Russia. But I see the situation differently.

US relations with Pakistan should strengthen on their own. Our commitment to Pakistan remains very strong, she said. He said that Pakistan is the economic engine of the future economy as the country is connecting South and Central Asia.

The Ambassador said that the future of US-Pakistan relations holds great promise to advance shared interests in trade, investment, clean energy, health, security, climate change, and regional security. Upper Priory is a stable and prosperous Pakistan, and the economy is at the heart of this relationship.

“Our commercial ties are the future,” he said. The US is Pakistan’s largest single export market and the largest source of foreign investment in Pakistan. Last year, we saw a 50 percent increase in American investment in Pakistan. More than 100 US companies in Pakistan directly employ more than 120,000 locals.

American companies have a track record of manufacturing high-quality products and services in the Pakistani market, from energy to agriculture, franchising, real estate and the digital sector. He said that President Joe Biden is pursuing a strategy of modern industrial innovation at home and partners in the world. This tragedy will develop a more durable world economic order, including in Pakistan.

He said that decades of US engagement in Pakistan have prepared us to address pressing challenges for a better future. Climate change is high on our shared agenda as the whole world grapples with the consequences of the climate crisis. Just as simple cooperation in the green revolution improved lives in the 1960s, the growing framework of the US-Pakistan green alliance will help protect us in the future. Climate change is an existential threat.

Recognizing this urgency, the United States has made unprecedented efforts to protect the planet. We are committed to supporting Pakistan’s goal of increasing the share of renewable energy generation from the current 34% to 60% by 2030.

We are working with the government to design an open and transparent procurement system, attract more private investors to the renewable energy sector, and increase Pakistan’s green energy footprint.

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