• Download the Constitution of Pakistan
  • Advertise
Sunday, July 27, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home World

US to help Pakistan to deal with an unquestionably challenging economic situation deal

by News Publishing
February 10, 2023
in World
Reading Time: 3 mins read
0
US to help Pakistan to deal with an unquestionably challenging economic situation deal
Share on FacebookShare on TwitterLinkedinWhatsapp

Helping Pakis­tan deal with an “unquestionably challenging” economic situation is a top priority for the US, said US State Department Counsellor Derek Chollet.

Mr. Chollet also emphasized the importance of helping Islamabad combat terrorists, who had just slain over 80 people inside a mosque in Peshawar’s Police Lines compound, in an interview in Washington. Mr. Chollet, who handles special diplomatic missions for the US Secretary of State, is scheduled to visit Islamabad the following week for discussions on a variety of topics.

According to a senior US official, “For the US, it will be about how we can expand the cooperation and support Pakistan as it attempts to deal with what is obviously a hard economic position.”

Pakistan, he noted, was still recovering from the floods, and was also dealing with an “emerging counterterrorism threat”, which has made the situation even worse.

Mr. Chollet emphasized that efforts were already being made by the US and Pakistan to further strengthen their relationships, which had experienced a period of disengagement during the Afghan War but had quickly begun to improve following the withdrawal of US forces from Kabul.

The week after I return, I think the Trade and Investment Framework Agreement (TIFA) talks will take place in Washington during the final week of February. Next month, we will also host a counterterrorism dialogue, he added.

In order to enhance bilateral commerce, Pakistan and the United States signed the TIFA in June 2003. They made the decision to restart the TIFA process in March 2022 in order to increase trade and investment in both products and services.

The counterterrorism dialogue, which could take place in Islamabad the next month, will centre on organisations like TTP and IS-K, which have stepped up their operations in the area once more.

The idea that the US was turning its attention back to South Asia “because of its importance to American national interests, and because of its importance in the globe” was endorsed by Mr. Chollet.

Mr. Chollet is travelling to Bangladesh and Pakistan this week after Victoria Nuland, another State Department representative, visited Nepal, Sri Lanka, and India last week.

“It’s a signal of our desire to have stronger relations throughout the region, the importance we place on the countries of the region, the shared interests that we have, the shared challenges that we have to try to meet together,” Mr Chollet said. “As a result, I am eagerly anticipating my travels to Bangladesh and Pakistan.

Mr. Chollet stated that he would speak with Pakistani officials face-to-face in Islamabad to learn about their needs, what assistance the US and other countries may be needed for, and how their allies may help. However, the visit “is also to discuss the relationship’s larger direction and the path forward.” When asked if TTP posed a threat to US interests, he responded, “It does. Any type of terrorism, by any group, is condemned by the US. As a result, we think Pakistan and the US have an interest in stopping terror.

The statement that wherever terrorist activities started, it eventually resulted in “more instability, indiscriminate slaughter, and attacks on US interests as well” was another that he agreed with. “There are always things that we need to work on, difficulties that we need to work on together, whether it’s the shared impact of climate change, or other issues,” he said when asked if the US was concerned about the economic and security situation in the region.

Of course, “we’ll be following up on my trip from last year” in Pakistan. And the continued work we undertook in response to the floods. However, don’t forget to also discuss the joint prospects we have.

When pointed out that Pakistan was facing two significant problems—an anticipated economic collapse and terrorism—Mr. Chollet said that he had discussed these matters with Foreign Minister Bilawal Bhutto-Zardari on the latter’s recent visit to Washington. And we’re keeping an eye on it with our Pakistani colleagues, and we want to try to support them in any way we can, he added.

Tags: economic situationlatestSupportUS State Department Counsellor Derek Chollet
News Publishing

News Publishing

Related Posts

Complete List of Popes (From Saint Peter to Present)

by Anum Arif
April 22, 2025
0

There have been 266 Popes to date. Early Popes (1st – 5th Century) St. Peter (32–64) St. Linus (64–76) St....

Pope Francis

Pope Francis Dies at 88, Leaving a Legacy of Peace

by Anum Arif
April 21, 2025
0

Vatican City – April 21, 2025:Pope Francis, the spiritual leader of the world’s 1.3 billion Catholics, has passed away at...

U.S. President Trump

Trump Eases Tech Tariffs Amid U.S.-China Tensions

by Anum Arif
April 13, 2025
0

WASHINGTON: In a significant policy shift, former President Donald Trump’s administration has granted tariff exemptions on a range of electronics—primarily...

visa cancelled

300 Students at Risk of Deportation After Visa Cancellations

by Anum Arif
April 10, 2025
0

A wave of unexpected visa cancellations has left nearly 300 international students across the United States in a state of...

Pakistanis Can Now Obtain Five-year UAE Visas: Envoy

Pakistanis Can Now Obtain Five-year UAE Visas: Envoy

by Anum Arif
April 8, 2025
0

In a significant move aimed at strengthening bilateral ties between Pakistan and the United Arab Emirates (UAE), UAE Ambassador Hamad...

US Visa

U.S. Cancels 400+ Student Visas Over Social Media Activity

by Anum Arif
April 8, 2025
0

In a sudden and sweeping policy move, the United States government has revoked the visas of over 400 international students,...

Next Post
Govt decides to expand rescue and relief efforts for Türkiye into a countrywide campaign

Govt decides to expand rescue and relief efforts for Türkiye into a countrywide campaign

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters