Today: 31 May 2025
23 July 2023
2 mins read

‘No quick fix’: US official on Pak economic crisis

Elizabeth Horst acknowledged that the coming days would be very tough for the people of Pakistan…reports Asian Lite News

US Principal Deputy Assistant Secretary of State for South and Central Asia, Elizabeth Horst, has said that there is no quick remedy for Pakistan’s economic problems, but following the agreement it has made with the International Monetary Fund (IMF), may help it get through the crisis, The Dawn reported.

“We support the arrangement. It provides a breathing space” to Pakistan, Horst said in a conversation with Washington-based Pakistani journalists on Friday. “Pakistan should continue to work with the IMF,” said the US official who heads the State Department’s Pakistan bureau.

“There’s no quick fix but there’s a fix,” she added.

Horst acknowledged that the coming days would be very tough for the people of Pakistan, but they have to go through this difficult phase to improve the economy.

She assured Pakistanis that the United States and Pakistan “have an enduring partnership,” which would not be affected by the current political situation, The Dawn reported.

She also offered some data, revealing that US businesses employed 120,000 Pakistanis, invested about USD 250 million in Pakistan in 2022, and contributed USD 215 million to disaster relief. According to The Dawn, this does not include the USD 33 million sent by Pakistani Americans.

Horst said that the US has provided over USD 20bn to Pakistan in the last 20 years. “Last year, we had a Trade and Investment Framework Agreement (TIFA) meeting after eight years, climate, energy, and health dialogues were also held. We are also working on a green alliance framework,” she said.

Horst noted that there were at least 550,000 Pakistanis in the US, who could play a key role in maintaining the US-Pakistan partnership, The Dawn reported.

She said that climate change, economy, and terrorism were Pakistan’s most pressing issues, and the United States was helping Pakistan deal with these issues.

Horst pointed out that terrorism was both a regional and domestic issue for Pakistan, while the United States considers it a threat to world peace. (ANI)

ALSO READ: Taliban’s snub on TTP action deepens Pakistan’s woes

Previous Story

South Sudan appeals for more humanitarian aid amid influx of returnees

Next Story

Bawaal: Unmasking the facade of a troubled marriage

Latest from -Top News

World needs Dubai’s ambition: Morgan

Piers Morgan has hailed Dubai’s transformation as an example of what visionary leadership can achieve. British broadcaster Piers Morgan has praised the extraordinary ambition and vision of His Highness Sheikh Mohammed bin

Mohammed honours football champions

Ruler of Dubai hails players as role models during palace reception His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, received the

Abu Dhabi sets 2050 energy vision

Abu Dhabi unveils AED400 billion energy roadmap, inked climate finance pact ahead of 2026 UN Water Conference Abu Dhabi has unveiled a sweeping strategic framework to transform its energy and water sector

Gargash: UAE’s pragmatism sets regional example

Anwar Gargash says the UAE stands as a beacon of what is possible when pragmatism and vision come together. As political instability, economic fragmentation and rapid technological change continue to reshape the

US flag returns to Damascus

Billions in energy deals and lifted sanctions mark Syria’s reintegration, as US reopens embassy and declares the war-torn nation “open for business” under new regional partnerships. The United States has reopened its
Go toTop

Don't Miss

US biggest threat to peace, stability in South China Sea: China

The United States has been stirring up trouble out of

UN Chief Expresses Deep Concern Over Iranian Strikes Inside Pakistan

The Syrian government of President Bashar al-Assad has not protested