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PM hopes G-7 will not press IMF, World Bank

ISLAMABAD, July 12 (APP): Prime Minister Mohammad Nawaz Sharif expressing determination to face sanctions at all costs Saturday hoped that G-7 would not pressurise the IMF and World Bank for discriminatory treatment to Pakistan. Talking to newsmen at the Prime Minister House, confident Nawaz said these clutches, which he was expecting, would not remain forever. Citing the example of Japan and Germany, he said, there was no price for sovereignty, dignity and honour. The Prime Minister admonished the rumour mongers and ruled out the possibility of raiding banks or seizing lockers. He also assured that the government had no intention to demonetize the currency. These rumours were just baseless and malicious, he stressed. Replying to a question about foreign currency accounts, the Prime Minister said he believed in minimum restrictions. Regarding frozen dollar account, he said, an alternate policy would soon be announced to compensate such account holders.

Stoppage of IMF loans to Pakistan not appropriate: FO spokesman

ISLAMABAD, July 12 (APP): Following the fulfilment of all the conditionalities of the International Monetary Fund (IMF) by Pakistan, the stoppage of IMF loans to Pakistan is not appropriate, said a Foreign Office spokesman Tariq Altaf in an interview with BBC. He said, "the thing which has clearly emerged from the recent talks and which in the words of the visiting official of the IMF is that Pakistan has fulfilled all the conditionalities of the IMF and according to our settled programme with them, we have fully adhered to our commitments and have adjusted our policies." "But under the political pressure by the IMF, the thing which was earlier agreed upon, means there was an agreement on these loans, they are being halted, he said and added, it's not appropriate because there was an agreement on it earlier." "As far as the sanctions are concerned, he said, I think their provision is that the sanctions would be on new loans, so the thing which is already moving unanimously according to a time table, the loans and assistance were to be provided to us. Thus it's not appropriate to halt it", the spokesman added.

Nation has to pay some price for becoming nuclear power:Nawaz Sharif

ISLAMABAD, July 12 (APP): Prime Minister Muhammad Nawaz Sharif Saturday said the nation must be ready if it has to pay ,"some price," for becoming a nuclear power. The people have to tighten their belt to face the ,"difficulties and challenges,"in the wake of Pakistan emerging as a nuclear power, said Nawaz Sharif.He had referred to such difficulties while announcing his national agenda, he added. Talking to reporters sonn after inaugurating National Population Convention on the eve of world population day, Nawaz Sharif said, "there is no need to worry or fear." When asked on the Stock Market crash, he said,the newspapers are reporting every thing which shows,"our policies are transparent in every respect." As far as transparency and good governance are concerned ,it is for the first time, he said, that there is a change in every field.

Mushahid rules out acceptance of LoC as permanent border

ISLAMABAD, July 12 (APP): Information Minister Mushahid Hussain Sayed on Saturday ruled out possibility of accepting Line of Control (LoC) as a permanent border between Pakistan and India and reiterated Islamabad's position for the solution of Kashmir problem according to UN Security Council resolutions. "There is no question of accepting Line of Control as permanent border by Pakistan ," Information said in a meeting with the leaders of All Parties Hurriyat Conference (APHC). He assured the Kashmiri leaders that Pakistan would never budge an inch from its principled stand that the Jammu and Kashmir problem be resolved in line with the relevant United Nations Security Council resolutions. "There will be no dilution in our position on Kashmir issue," he asserted and added,"legality, legitimacy and validity of the UN resolutions on Kashmir would remain unaltered." Moreover, he said Pakistan would continue to lend its moral, diplomatic and political support to the Kashmiri freedom struggle.