ISLAMABAD: The International Monetary Fund (IMF) has confirmed that its Executive Board will meet on September 25 to discuss the approval of Pakistan’s $7 billion Extended Fund Facility (EFF). The loan is crucial for stabilising Pakistan’s economy, which has been grappling with rising inflation and dwindling reserves. IMF spokesperson Julie Kozack announced the meeting during … Read more
ISLAMABAD: The potential buyers of Pakistan International Airlines (PIA) have refused to make the guaranteed investment of $500 million and also declined to accept targets of increasing the aircraft fleet and flying on certain number of domestic and international routes. A majority of the potential buyers have proposed to keep the entire sale proceeds to … Read more
The government has set forth 24 conditions to transition from the existing capacity-based model to a take-and-pay arrangement with Independent Power Producers (IPPs), aiming to lower electricity tariffs for consumers. According to a report by Business Recorder, the proposal is part of ongoing negotiations between the government and IPPs, intended to restructure agreements that have … Read more
ISLAMABAD: The International Monetary Fund (IMF) has imposed a series of stringent new conditions on Pakistan in response to Punjab’s “fiscally reckless” decision to grant Rs45 to Rs90 billion in electricity subsidies over two months. Government sources revealed on Monday that the global lender has demanded an immediate halt to these subsidies and set forth … Read more
The International Monetary Fund (IMF) has imposed three new conditions on Pakistan after the Punjab Government Rs14 per unit electricity subsidy for two months. According to a news report, the IMF has demanded that this temporary subsidy be terminated by September 30th and has made it clear that no provincial government will be allowed to … Read more
1724926799-0/Untitled-design-(7)1724926799-0.png "Hafiz Naeem-ur-Rehman criticizes government over Bangladesh-like conditions Dtrends")
Listen to article Jamaat-e-Islami leader Hafiz Naeem-ur-Rehman has said that ‘unlike Bangladesh’s Prime Minister Sheikh Hasina, Pakistan’s Prime Minister Shehbaz Sharif, won’t be granted an airlift in the face of turmoil.’ Naeem criticised the government, comparing the situation in Pakistan to that of Bangladesh. He stressed that while they do not wish for chaos, they will hold the … Read more
Listen to article CAIRO: Hamas said on Sunday that it rejects new Israeli conditions put forward in Gaza ceasefire talks, casting further doubt on the chances of a breakthrough in the latest US-backed effort to end the 10-month-old war. Months of on-off talks have failed to produce an agreement to end Israel’s devastating military campaign in Gaza … Read more
Listen to article Olympic gold medalist Noah Lyles has proven that health conditions do not define one’s potential. “I have asthma, allergies, dyslexia, ADHD, anxiety, and depression, but I will tell you that what you have does not define what you can become. Why not you!” Lyles declared, inspiring countless individuals with his story. Lyles made history … Read more