deal
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Pakistan close to sealing deal with IMF, says Khurram Dastgir
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[ad_1] Minister for Power Engineer Khurram Dastgir Khan addressing a press conference in this undated photo. — APP Federal Minister for Power Engineer Khurram Dastgir has shared an update on the talks between the government and International Monetary Fund, saying that Pakistan was on the verge of striking a deal with the lender as both…
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Power tariff hike gets PM’s nod to salvage IMF deal | The Express Tribune
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[ad_1] ISLAMABAD: With only three days left to end differences, Prime Minister Shehbaz Sharif on Monday gave a go-ahead to increase electricity prices aimed at striking a deal with the International Monetary Fund (IMF), which may further push the annual base tariff up by about 33%. The decision in principle was taken in a meeting…
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Pakistan-IMF deal to be inked this month: PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif addressing the inauguration ceremony of the Green Line Express Train Service at the Margalla Train Station on January 27, 2023. — Twitter/@GovtofPakistan Prime Minister Shehbaz Sharif Friday assured the nation that Pakistan will strike the much-awaited agreement with the International Monetary Fund (IMF) “this month”. The prime minister, while addressing the…
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‘IMF deal’ on table if PTI forms govt again
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[ad_1] PTI Senior Vice-President Fawad Chaudhry. — AFP/Files Pakistan Tehreek-e-Insaf Senior Vice-President Fawad Chaudhry said Tuesday that if the PTI comes into power again, it will have no choice but to seek financial assistance from the International Monetary Fund (IMF). Chaudhry’s comment comes at a time when an economic crisis looms large on Pakistan’s horizon:…
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Egypt’s IMF deal to reduce govt debt | The Express Tribune
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[ad_1] CAIRO: The International Monetary Fund’s new $3 billion financial support package for Egypt aims to reduce government debt to less than 80% of gross domestic product (GDP) in the medium term, a cabinet report released on Saturday said. The IMF did not require the Egyptian government to cut spending on subsidies, the report said,…
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Pakistan inks final deal for Reko Diq project | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Thursday inked the final deal with representatives of Barrick Gold and Antofagasta PLC in London for the revival of the Reko Diq project and the settlement of an $11 billion dispute. The development came after the government received a ‘favourable opinion’ from the Supreme Court on the settlement agreement and the…
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Russian delegation to visit Pakistan on Jan 20 for talks on oil deal: minister
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[ad_1] Minister of State for Petroleum Division, Dr Musadik Malik is addressing a press conference at PID media centre on August 2, 2022. APP/File State minister says US will not impose sanctions on Pakistan for proposed deal with Moscow Minister of State for Petroleum Musadik Malik Tuesday revealed a high-level delegation from Moscow will arrive in…
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Singapore Airlines to take 25% Air India stake in merger deal
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[ad_1] An Air India aircraft prepares to land at the Chhatrapati Shivaji Maharaj International Airport in Mumbai on January 27, 2022. — AFP/File MUMBAI: Singapore Airlines announced Tuesday it will take a 25% stake in Air India, streamlining its aviation partnership with Tata Group as the industrial behemoth works to revive the beleaguered national carrier’s…
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2013 bench ‘knew fallout’ of cancelling Reko Diq deal | The Express Tribune
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[ad_1] ISLAMABAD: The counsel for the Balochistan government on Tuesday informed a five-judge Supreme Court bench, headed by Chief Justice Umar Ata Bandial, that the presidential reference regarding the Reko Diq agreement was maintainable because it was a matter of public interest. Lawyer Salahudin Ahmed also informed the bench that despite elaborating dire consequences, a…
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LPG distribution deal inked | The Express Tribune
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[ad_1] LAHORE: As part of its measures to facilitate gas consumers during winter, Sui Northern Gas Pipelines Limited (SNGPL) has entered into an LPG distribution agreement with Sui Southern LPG Limited (SLL). The agreement in this regard was signed at Sui Southern Gas Company head office in Karachi. SSL MD Amir Mahmood and SNGPL SGM…
