Express
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PM aides appointed to Parco board | The Express Tribune
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[ad_1] ISLAMABAD: The government has appointed two independent directors to the board of Pak Arab Refinery Limited (Parco) in a dubious way that has raised eyebrows. Sources told The Express Tribune that the board of directors of Parco was reconstituted recently, though its term was going to expire in August 2023. The government has appointed…
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Rupee recovers sharply in open-market trade against USD | The Express Tribune
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[ad_1] KARACHI: Pakistani currency made a remarkable recovery of almost 5.5%, or Rs16, in a single day to a one-week high at Rs295 against the US dollar in the open market at around midday on Thursday. The currency had closed at Rs311 against the greenback on Wednesday, according to the Exchange Companies Association of Pakistan…
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ECNEC approves Rs1.2tr development projects | The Express Tribune
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[ad_1] ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Wednesday gave its approval to a comprehensive package of development projects amounting to over Rs1.2 trillion on Wednesday. During the meeting chaired by Finance Minister Ishaq Dar, one of the major projects endorsed was the 48-megawatt Shunter Hydropower Project in the Neelum Valley,…
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Pakistan keen to cut a ‘new’ IMF deal | The Express Tribune
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[ad_1] ISLAMABAD: Amid a stalemate on securing a bailout from the International Monetary Fund (IMF), Prime Minister Shehbaz Sharif has informed fund’s Managing Director Kristalina Georgieva about Pakistan’s intention to secure a new bailout. Moreover, Minister of State for Finance and Revenue Dr Aisha Ghaus Pasha on Wednesday criticised IMF mission chief Nathan Porter’s comment…
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State finance minister hits out at IMF for ‘meddling’ | The Express Tribune
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[ad_1] ISLAMABAD: Minister of State for Finance Dr Aisha Ghaus Pasha termed a statement spelling out conditions to unlock the stalled bailout package by the International Monetary Fund (IMF) as “meddling in internal affairs”. Earlier this week, the IMF had urged Pakistan to follow the Constitution in order to resolve its political disputes, as Prime…
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Budget details shared with IMF on PM’s order | The Express Tribune
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[ad_1] ISLAMABAD: The finance ministry on Tuesday shared the details of the next budget with the International Monetary Fund (IMF) on the instructions of Prime Minister Shehbaz Sharif. On Monday, the premier had contacted IMF Managing Director Kristalina Georgieva to revive the derailed $6.5 billion bailout package apparently in a last-ditch effort to avoid default.…
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Dar evades questions on IMF, budget | The Express Tribune
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[ad_1] ISLAMABAD: Federal Finance Minister Ishaq Dar on Monday lost his temper after he was questioned whether the government had “failed” to obtain loan from the International Monetary Fund (IMF). The finance minister was responding to media after attending an event in the federal capital. Dar was asked whether the government had failed in reaching…
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IMF spells out terms to unlock bailout | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Monday urged Pakistan to follow the Constitution in order to resolve its political disputes, as Prime Minister Shehbaz Sharif contacted Managing Director Kristalina Georgieva to revive the derailed $6.5 billion bailout package apparently in a last-ditch effort to avoid default. The discussion between Shehbaz and Georgieva took…
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Exploring feasibility of 4-day workweek | The Express Tribune
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[ad_1] KARACHI: Many would express surprise, dismay, and a dismissive attitude at the mere thought of having a four-day workweek. Although the working patterns of today’s job requirements are drastically different from the previously mundane, industrialisation-induced monotonous physical work, with the advent of social media and better global connectivity, the hunt for talent is fiercer…
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Another counter-cyclical approach to budget | The Express Tribune
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[ad_1] ISLAMABAD: Amidst multiple crises, the government is busy planning the budget. It is a humongous task given the prevailing situation. The government has to come up with innovative ideas to manage scarce resources and sustain the pressure of international financial institutions like the International Monetary Fund (IMF), World Bank, etc. It is common knowledge…
