WE had our first tryst with the IMF soon after the first martial law imposed by Gen Ayub in 1958. Following this engagement, our relationship with the IMF has been like an unhappy but lasting marriage. We have contracted 22 programmes with the Fund. The present programme that started in July 2023 is the 23rd. Can our economy survive without IMF support? To answer this question, it is important
THE words “to attract investments from friendly countries in identified sectors through an empowered organisation that serves as a ‘single-window’ platform for facilitation, and to improve the ease of doing business for potential investors through a ‘Whole of Government Approach’ — achieving optimal horizontal-vertical synergy and facilitation by the Pakistan Army” of the mission statement of the
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has urged Pakistan to “collect more taxes from the wealthy and protect the poor people” amidst soaring inflation following the nation’s securing of a last-minute bailout in July. Pakistan’s year-on-year inflation for the month of August leapt to 27.4pc, contracting household budgets. That same month, exorbitant electricity
Caretaker Minister for Energy Muhammad Ali on Thursday said gas prices in the country had consistently been a matter of concern, underlining that forthcoming announcements would detail the impending changes in the price of the commodity. The minister made these remarks during a visit to the Lahore Chamber of Commerce and Industry (LCCI). Caretaker Federal Minister for Commerce, Industries, and
The investment bank managing the attempt by a Turkish investor to buy more than 51 per cent shares and control of Tri-Star Power Ltd, a publicly listed electricity producer, said on Thursday it’s extending the deadline for making a public announcement of offer (PAO) by three months. Alpha Beta Core Solutions Ltd said the due diligence process by the potential acquirer was still in process even