US wants to see Pakistan in sustainable economic position: State Dept
January 19, 2023 10:08 AM
The United States has said that Washington is aware of Pakistan’s economic challenges and wants to see the country in an economically sustainable position, reported 24NewsHD TV channel.
In a news briefing in Washington on Wednesday, State Department spokesperson Ned Price said that Pakistan is in contact with international economic institutions and added that the US is supportive where it can be of the Pakistani partners.
Ned Price reminded that technical issues are discussed with Pakistan at different levels.
Here are the excerpts of Ned Price’s news briefing regarding Pakistan:
QUESTION: Pakistan has less than $5 billion left in its FOREX reserves. Is the US paying any attention to or is planning to give maybe, like, some sort of debt relief to the country, or not?
MR PRICE: So this is a challenge that we are attuned to. I know that Pakistan has been working with the IMF, with international financial institutions. We want to see Pakistan in a economically sustainable position. Those conversations, as I understand it, are ongoing. We are supportive where we can be of our Pakistani partners, but ultimately these are conversations between Pakistan and international financial institutions.
QUESTION: But in this critical time, does the US – on government-to-government level, are you guys giving any, like, suggestions for Pakistan to take some immediate steps which could improve the economy?
MR PRICE: These conversations with our Pakistani partners often do entail technical issues. Oftentimes these are addressed between the Department of the Treasury and our Pakistani partners. But Pakistan’s macroeconomic stability is a topic of conversation between the Department of State and our counterparts, the White House, the Treasury Department, among others.