<p>Miftah Ismail, Pakistan's finance minister, took to Twitter on Sunday (September 25) to announce his resignation. Ismail said&nbsp;that in meeting with Mian Nawaz Sharif and the prime minister (Shahbaz Sharif), he has already "verbally" resigned and will be submitting a formal resignation once he reaches Pakistan.&nbsp;</p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">In a meeting with Mian Nawaz Sharif and PM Shehbaz Sharif today, I have verbally resigned as Finance Minister. I will tender a formal resignation upon reaching Pakistan. It’s been an honour to serve twice as Finance Minister. Pakistan Paindabad</p>
— Miftah Ismail (@MiftahIsmail) <a href="https://twitter.com/MiftahIsmail/status/1574100914176020480?ref_src=twsrc%5Etfw">September 25, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>The announcement comes as Pakistan deals with an economic crisis made worse by the devastating floods.&nbsp;</p>

<p><a href="https://www.wionews.com/south-asia/former-pak-finance-minister-dar-to-end-exile-return-from-london-to-resurrect-cash-strapped-economy-519573"><strong>Also read |&nbsp;Former Pak finance minister Dar to end exile, return from London to resurrect cash-strapped economy</strong></a></p>

<p>Ismail is the fifth finance minister of the country to be replaced in less than four years as Pakistan's economy experiences continuous instability, account deficits increase, and growing inflation puts pressure on households and businesses.</p>

<p>Ismail is currently in London along with the country's prime minister, Shehbaz Sharif, and both are expected to return&nbsp;this week.</p>

<p>The finance minister last week, in conversation with Reuters, had said that the country "will absolutely not" fail its financial debts, indicating that changes were made to the economic reforms.</p>

<p><a href="https://www.wionews.com/south-asia/a-hindu-woman-two-teenage-girls-abducted-and-converted-in-pakistan-519435"><strong>Also read |&nbsp;Hindu woman and two teenage girls abducted and converted in Pakistan</strong></a></p>

<p>Ismail further said that the country was seeking debt relief from several international creditors and mentioned that the government would not accept any assistance from commercial banks or Eurobond creditors. He mentioned that Pakistan will receive assistance from Qatar and the UAE and also stated that Saudi Crown Prince Mohammed bin Salman assured the prime minister of a $1 billion investment.</p>

<p>Pakistan's central bank still stands at $8.6 billion in debt despite receiving $1.2 billion in assistance from the IMF in August.</p>

<p>Devastating floods that covered a significant portion of Pakistan this month have worsened the situation. The catastrophe claimed over 1,500 lives and resulted in damage of nearly $30 billion in infrastructural damage, causing worries in the country.</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>


Miftah Ismail, Pakistan's finance minister, took to Twitter on Sunday (September 25) to announce his resignation. Ismail said that in meeting with Mian Nawaz Sharif and the prime minister (Shahbaz Sharif), he has already "verbally" resigned and will be submitting a formal resignation once he reaches Pakistan.

Miftah Ismail, Pakistan's finance minister, took to Twitter on Sunday (September 25) to announce his resignation. Ismail said that in meeting with Mian Nawaz Sharif and the prime minister (Shahbaz Sharif), he has already "verbally" resigned and will be submitting a formal resignation once he reaches Pakistan. In a meeting with Mian Nawaz Sharif and PM Shehbaz Sharif today, I have verbally resigned as Finance Minister. I will tender a formal resignation upon reaching Pakistan. It’s been an honour to serve twice as Finance Minister. Pakistan Paindabad — Miftah Ismail (@MiftahIsmail) September 25, 2022 × The announcement comes as Pakistan deals with an economic crisis made worse by the devastating floods. Also read | Former Pak finance minister Dar to end exile, return from London to resurrect cash-strapped economy Ismail is the fifth finance minister of the country to be replaced in less than four years as Pakistan's economy experiences continuous instability, account deficits increase, and growing inflation puts pressure on households and businesses. Ismail is currently in London along with the country's prime minister, Shehbaz Sharif, and both are expected to return this week. The finance minister last week, in conversation with Reuters, had said that the country "will absolutely not" fail its financial debts, indicating that changes were made to the economic reforms. Also read | Hindu woman and two teenage girls abducted and converted in Pakistan Ismail further said that the country was seeking debt relief from several international creditors and mentioned that the government would not accept any assistance from commercial banks or Eurobond creditors. He mentioned that Pakistan will receive assistance from Qatar and the UAE and also stated that Saudi Crown Prince Mohammed bin Salman assured the prime minister of a $1 billion investment. Pakistan's central bank still stands at $8.6 billion in debt despite receiving $1.2 billion in assistance from the IMF in August. Devastating floods that covered a significant portion of Pakistan this month have worsened the situation. The catastrophe claimed over 1,500 lives and resulted in damage of nearly $30 billion in infrastructural damage, causing worries in the country. (With inputs from agencies) WATCH WION LIVE HERE

'It’s been an honour to serve twice as finance minister': Pakistan's Miftah Ismail confirms resignation

<p>Pakistan, a South Asian country, is facing difficulty in coping with the floods. Even as relief efforts continue, the devastating floods have claimed nearly 1,300 lives. The floods claimed the lives of 736, 459 animals.</p>

<p>The total number of fatalities reached 1,290 after 29 deaths were reported in the last 24 hours, the National Disaster Management Authority (NDMA) said, Geo news reported.</p>

<p>During a press conference held, Planning Minister Ahsan Iqbal urged the international community to assist Pakistan and reassured the citizens that the government would leave no stone unturned to bring the country back to where it was. The first aid flight from France arrived on Saturday (September 3).</p>

<p><a href="https://www.wionews.com/south-asia/more-than-one-third-of-pakistan-underwater-as-it-battles-worst-flood-in-history-512549"><strong>Also read |&nbsp;More than one-third of Pakistan underwater as it battles worst flood in history</strong></a></p>

<p>According to Shazia Mari, Federal Minister of Poverty Alleviation and Social Safety, nearly 723,919 families have received cash assistance of Rs 25,000 so far. Mari, taking it to Twitter, praised the government for its quick decision.</p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Government of Pakistan through the Benazir Income Support Programme has served 723,919 flood affected families by providing 25000 PKR per family since August 19th till today - 3rd September. A total of 18.25 billion PKR has been disbursed till date. <a href="https://twitter.com/hashtag/FloodsInPakistan?src=hash&amp;ref_src=twsrc%5Etfw">#FloodsInPakistan</a> <a href="https://t.co/BtwHo5uWVW">pic.twitter.com/BtwHo5uWVW</a></p>
— Benazir Income Support Programme (@bisp_pakistan) <a href="https://twitter.com/bisp_pakistan/status/1566134194434351104?ref_src=twsrc%5Etfw">September 3, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>Thousands of homes and buildings have suffered partial damage or are completely damaged. Initial damage has been estimated at USD 10 billion, although surveys are still being carried out.</p>

<p><a href="https://www.wionews.com/south-asia/pakistan-floods-around-2000-more-people-rescued-by-countrys-armed-forces-512329"><strong>Also read |&nbsp;Pakistan floods: Around 2,000 more people rescued by country's armed forces</strong></a></p>

<p>The disaster management chief said that the floods that inundated a third of the country, affecting over 33 million people, were preceded by numerous climate change instances, like four heatwaves, and various raging forest fires.</p>

<p>Presently, over 500,000 people are living in government and non-governmental relief camps due to internal displacement.</p>

<p>The relief effort in northwest Balochistan was done by a Pakistani military helicopter. The tents and supplies were being dropped on dry patches of land, and people were seen running there.</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>

<p class="MsoNormal"><o:p></o:p></p>


Pakistan, a South Asian country, is facing difficulty in coping with the floods. Even as relief efforts continue, the devastating floods have claimed nearly 1,300 lives.

Pakistan, a South Asian country, is facing difficulty in coping with the floods. Even as relief efforts continue, the devastating floods have claimed nearly 1,300 lives. The floods claimed the lives of 736, 459 animals. The total number of fatalities reached 1,290 after 29 deaths were reported in the last 24 hours, the National Disaster Management Authority (NDMA) said, Geo news reported. During a press conference held, Planning Minister Ahsan Iqbal urged the international community to assist Pakistan and reassured the citizens that the government would leave no stone unturned to bring the country back to where it was. The first aid flight from France arrived on Saturday (September 3). Also read | More than one-third of Pakistan underwater as it battles worst flood in history According to Shazia Mari, Federal Minister of Poverty Alleviation and Social Safety, nearly 723,919 families have received cash assistance of Rs 25,000 so far. Mari, taking it to Twitter, praised the government for its quick decision. Government of Pakistan through the Benazir Income Support Programme has served 723,919 flood affected families by providing 25000 PKR per family since August 19th till today - 3rd September. A total of 18.25 billion PKR has been disbursed till date. #FloodsInPakistan pic.twitter.com/BtwHo5uWVW — Benazir Income Support Programme (@bisp_pakistan) September 3, 2022 × Thousands of homes and buildings have suffered partial damage or are completely damaged. Initial damage has been estimated at USD 10 billion, although surveys are still being carried out. Also read | Pakistan floods: Around 2,000 more people rescued by country's armed forces The disaster management chief said that the floods that inundated a third of the country, affecting over 33 million people, were preceded by numerous climate change instances, like four heatwaves, and various raging forest fires. Presently, over 500,000 people are living in government and non-governmental relief camps due to internal displacement. The relief effort in northwest Balochistan was done by a Pakistani military helicopter. The tents and supplies were being dropped on dry patches of land, and people were seen running there. (With inputs from agencies) WATCH WION LIVE HERE

Devastating floods in Pakistan claimed lives of nearly 1,300 people

In pics | Flood havoc in Pakistan; thousands forced to flee their homes

Political drama is peaking in Pakistan as speculation over the country's former Prime Minister Imran Khan's arrest makes the round. PTI leaders have warned the Shehbaz Sharif government against taking any action on the PTI Chief.

PTI warns Shehbaz government against Imran Khan's arrest