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Bridging The Gap
Pakistan seeks $6 billion from UAE Pakistan seeks $6 billion from UAE
Pakistan has sought $6 billion financial assistance package from the United Arab Emirates (UAE) in the shape of cash deposits and oil on deferred payments in an attempt to meet all its financing needs for the current fiscal year with the help of friendly countries. “In case of an agreement, Prime Minister Imran Khan may fly to the Emirates after the upcoming visit of China,” highly placed gover...
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PM urges roadmap for national water policy PM urges roadmap for national water policy
Prime Minister Imran Khan on Thursday emphasized on following an integrated approach for conservation, storage, management and efficient utilization of available water resources. The premier expressed these views while chairing first meeting of the National Water Council (NWC) at the PM Office. Pointing out that no significant attention was paid to water-related issues in the past, he unders...
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Pakistan offers to mediate in Yemen war: PM Pakistan offers to mediate in Yemen war: PM
ISLAMABAD: Prime Minister Imran Khan on Wednesday reiterated his government’s policy of zero tolerance against corruption and corrupt practices, promising that all crooked elements, who had done injustice to the country with their misdeeds and sent it into the debt trap, should not expect any legislation like the defunct National Reconciliation Ordinance (NRO). The prime minister, in his tele...
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PM Imran secures $6b lifeline from Saudi Arabia PM Imran secures $6b lifeline from Saudi Arabia
ISLAMABAD: Saudi Arabia on Tuesday provided a $6 billion lifeline to Pakistan on an annual basis in the shape of cash assistance and oil on deferred payments for one year, providing a much-needed breathing space to the government of Prime Minister Imran Khan. This is the second time when Saudi Arabia has bailed out Pakistan during the last four years. However, the Saudi assistance will not ad...
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PML-N agrees to Zardari’s remarks against govt PML-N agrees to Zardari’s remarks against govt
Pakistan Muslim League Nawaz (PML-N) spokesperson Marriyam Aurangzeb has said the incumbent government consists of inexperienced and incapable people. “A government that causes damage to the country is not right,” she said while talking to reporters outside the accountability court on Monday. “Asif Zardari has spoken about the government’s incapability which is being agreed upon by the gover...
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Pakistan needs to go for high value-added export basket Pakistan needs to go for high value-added export basket
Pakistan’s terms of trade, which measure the ratio of export to import prices, have not only been adverse, but have also deteriorated over the years, which has adversely impacted the economy in terms of growth and balance of payments. If an economy’s terms of trade are less than 100%, they are regarded as adverse. This signifies that capital inflows into the economy in the form of export receip...
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Assessment report: Moody’s terms IMF bailout crucial for Pakistan Assessment report: Moody’s terms IMF bailout crucial for Pakistan
An International Monetary Fund (IMF) bailout programme is crucial for Pakistan to meet its $30 billion external financing needs, said Moody’s Investors Service while casting doubt over the government’s plan to restrict the budget deficit to 5.1% of GDP without additional measures. “An IMF programme will not only bridge the financing gap but will also serve as a strong signal to other official s...
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128 more fake bank accounts traced, says PM Imran 128 more fake bank accounts traced, says PM Imran
Prime Minister Imran Khan has revealed that authorities have found 128 more bank accounts through which billion of rupees were laundered outside the country. “The opposition is raising a hue and cry over ‘threats to democracy’ as it is afraid of going to jails. Even enemies do not treat you the way previous governments treated the country,” Imran Khan said on Wednesday. The PM was talking to...
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‘Inevitable’ electricity tariff hike put off for now ‘Inevitable’ electricity tariff hike put off for now
The government on Tuesday announced to take ‘decisive action’ on electricity tariff aimed at avoiding Rs420 billion annual subsidies but approved to supply subsidised gas to five export oriented sectors that will cost taxpayers Rs63.5 billion. The Economic Coordination Committee (ECC) of the Cabinet allowed provision of imported Re-gasified Liquefied Natural Gas (RLNG) to five Punjab-based indu...
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ECC likely to approve up to 26% hike in power tariff ECC likely to approve up to 26% hike in power tariff
The Economic Coordination Committee (ECC) of the cabinet, scheduled to meet on Tuesday, is likely to approve an increase of up to 26% in power tariff for different categories of consumers. Officials of the Ministry of Energy (Power Division) said the power price hike was necessary because of the fresh tariff determined by the National Electric Power Regulatory Authority (Nepra) which was higher...
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