WHEN a political party decides that actively causing damage to the economy will somehow advance its interests, it needs to be urged to undertake a rethink. Such a strategy is most perfectly described by the saying about burning a country down in order to ‘rule over the ashes’. The PTI has adopted this strategy. Back in August 2022, we saw them try to scuttle an IMF programme at a critical junct
xpressing serious concerns about realty fraudulent practices across Sindh, National Accountability Bureau (NAB) Chairman retired Lt Gen Nazir Ahmed Butt has disclosed that in Karachi alone documents for 7,500 acres have been falsified leading to corruption amounting to Rs3,000 billion, according to a press release of the Association of Builders and Developers (ABAD) on Tuesday. “If we open thes
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva has met Prime Minister Shehbaz Sharif during his visit to the United Arab Emirates and assured him of the lender’s support for the government’s decisive actions regarding the programme, according to a statement released on Wednesday. In a post on X, she said, “Wonderful to meet Prime Minister @CMShehbaz and his team.”
In line with a demand by the International Monetary Fund (IMF), the federal cabinet has given its nod to a proposed amendment in the Civil Servants Act 1973 that will bind government officials (BPS 17 to 22) to share details of their assets along with those owned by their family members. The cabinet meeting chaired by Prime Minister Shehbaz Sharif on Wednesday approved all decisions of its leg
The International Finance Corporation (IFC) has called upon Pakistan to strive for political and macro-economic stability, besides accelerating reforms, to unlock the private sector’s growth potential, doubling the investment-to-GDP ratio and ensuring prosperity in the long term. The IFC is set to mobilise about $560 million in co-financing with the United Kingdom for assisting the country i