govt
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‘Govt to meet IMF conditions without overburdening common man’
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[ad_1] Minister for Planning, Development, and Special Initiatives Ahsan Iqbal addresses a meeting in Islamabad on January 19, 2023. — APP The government would meet the International Monetary Fund’s (IMF) conditions for completing the programme, Minister for Planning, Development, and Special Initiatives Ahsan Iqbal said Thursday, vowing that the common man would not be affected.…
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Govt to keep fuel prices unchanged | The Express Tribune
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[ad_1] Finance Minister Ishaq Dar while addressing the media in Lahore on important decisions taken by the ruling coalition said that petroleum prices would be “maintained as they are” and no changes would be implemented for the remaining 15 days of January. “Petroleum prices will remain as they are at Rs214.80 per litre. Diesel is…
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Govt won’t confiscate commercial banks’ dollars, assures Dar | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar on Wednesday clarified that the government was not considering any access to foreign exchange reserves held by the commercial banks, which he said were the property of the citizens. “I have already said that Pakistan’s reserves are $10 billion. The figures I quoted were based on the principle that…
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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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Govt to outsource three major airports to international operators
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[ad_1] An airport staffer walks past the entrance of international departures at the Islamabad airport. — Reuters/File Pakistan Friday decided to outsource operations of the Karachi, Islamabad and Lahore airports to international operators in its bid to attract direct foreign investment and provide world-class facilities to passengers. The development came during a meeting, chaired by…
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Govt indecisive on sugar procurement | The Express Tribune
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[ad_1] ISLAMABAD: Utility Stores Corporation received bids for sugar procurement two weeks earlier but it has been unable to take decision so far. Sources said that the corporation received Rs11 more in bids than the last year price with Jahangir Tareen’s mills giving lowest price of Rs90 per kilogram. It is to be noted that…
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Govt forms committee to settle gas circular debt
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[ad_1] Man loads a LPG cylinder on a loading vehicle. — AFP/File ISLAMABAD: The Finance Ministry Wednesday formed a committee to settle gas circular debt as it accumulated up to Rs1,500 billion. The Minister of Finance and Revenue Ishaq Dar notified a committee to devise a circular debt settlement plan for gas sector companies, appointing…
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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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Govt formulates strategy to conserve energy | The Express Tribune
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[ad_1] ISLAMABAD: Information Minister Marriyum Aurangzeb on Thursday said the federal government formulated a National Energy Conservation Plan, envisaging the use of solar power for private and government buildings besides a massive crackdown on electricity thieves. Marriyum said in a series of tweets that the decision was taken in a meeting on economic recovery and…
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Govt trying to make good use of idle properties in US | The Express Tribune
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[ad_1] ISLAMABAD: The Roosevelt Hotel in New York is not the only Pakistan government’s property lying idle in the US as there are more such properties in Washington, telling a sorry state of affairs because Islamabad has been unable to make a productive use of those buildings despite its best efforts. The Foreign Affairs Division…
