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Articles for tag: Agreements, billion, IMF, Pakistan, set

March 30, 2025

News Desk

Pakistan set $ 2.3 billion after IMF agreements

A ruthless picture shows the Director of the Communications Department of the International Monetary Fund, Julie Kozack. – Pakistan $ 1 billion under EFF, $ 1.3 billion under RSF. Disbursements pending the approval of the IMF Executive Council. Personnel level reviews were completed on March 25th. The Director of the International Monetary Fund (IMF), Julie Kozack, said that Pakistan would be able to access a total of $ 2.3 billion in expanded facilitation and the installation of durability and sustainability (RSF) following staff levels (SLA). In informing the media at the IMF headquarters in Washington, he said the IMF executive

March 26, 2025

News Desk

Ukraine’s Zelensky claims that Russia is already handling the agreements mediated by us

Ukrainian President Volodymyr Zelensky speaks during a press conference amid Russia attack on Ukraine, Kiev, Ukraine March 25th 2025 – Reuters The truce between Ukraine, Russia said immediately effectively, Zelensky says. There are deviations in interpreting the agreements of the two countries. The agreements are first aimed at taking on energy strikes since the war began in 2022. Ukrainian President Volodymyr Zelensky said a truce with Russia covering the Black Sea and energy strikes was valid on Tuesday, but claimed that Moscow was handling and distorting the agreements. He said he would ask United States President Donald Trump to supply

February 16, 2025

News Desk

Trade, Economic Partnership Agreements

Listen to the article BRUSSELS: Pakistan, developing its own internal integration through free trading agreements and economic partnership agreements with the Republic of Central Asia (Cars), such as Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, Turkmenistan and mainly with China To provide refuge in which other markets suffer. The free flow of products and people at all borders in the country increases overall economic effectiveness, expand consumer choices, reduces production costs and allows faster economic growth. It contributes to improved life standards and increased investment opportunities. As the overall flow of trade increases, the liquidity increases. Increasing liquidity comes the reduction of volatility,

December 10, 2024

News Desk

Cabinet highlights ‘settlement agreements’ with eight IPPs to reduce electricity tariffs

Prime Minister Shehbaz Sharif chairs a federal cabinet meeting in Islamabad in this undated picture. — APP/File The government says the move will save £238bn. Rs. The prime minister says the government is taking all possible measures to reduce electricity tariffs. “A mechanism has been developed for the safe evacuation of Pakistanis in Syria.” ISLAMABAD: As the incumbent government continues efforts to address rising electricity tariffs in the country, the federal cabinet on Tuesday approved “settlement agreements” with eight independent power producers (IPPs) running on bagasse — a move that the regime says it will benefit the national exchequer by

September 5, 2024

News Desk

Turkey, Egypt sign 17 agreements during Sisi’s first visit to Ankara

Turkish President Recep Tayyip Erdogan welcomed Egyptian President Abdel Fattah al-Sisi to Ankara on Wednesday for Sisi’s first visit to Turkey, culminating in the signing of 17 cooperation agreements. This visit marks a major turnaround in relations after a decade of strained ties. The agreements cover various sectors, including energy and culture, underscoring the mutual commitment to deepen bilateral relations. Sisi, who met Erdogan in Cairo last February, expressed optimism about the future of Turkish-Egyptian relations. “My first visit to this friendly country is a sign that relations between the two countries will develop much further,” Sisi said at a

July 30, 2024

News Desk

Textiles seek details on IPP agreements

Islamabad: As independent power producers (IPPs) face receiving billions of rupees in capacity charges, the All Pakistan Textile Mills Association (Aptma) has approached government institutions such as the Power Division and the Securities and Exchange Commission of Pakistan (SECP). asking them to provide details of IPP agreements. In a letter, Aptma Secretary General Shahid Sattar said that under Article 19-A of the Constitution of Pakistan, which guarantees the right of access to information on all matters of public importance and under the Right to Information Act, In 2017, the association wanted to see the information on the PPAs established under

July 20, 2024

News Desk

The prime minister orders rapid implementation of agreements with China to boost foreign investment

Prime Minister Shehbaz Sharif chairs a review meeting on Pakistan-China cooperation at PM House on July 20, 2024. — AFP PM says tried friend China helped Pakistan in need. Shifting Chinese industry to Pakistan would benefit economy: PM Premier orders facilitation of companies working with China. Prime Minister Shehbaz Sharif on Saturday asked relevant authorities to expedite the process of implementing agreements and memorandums of understanding (MoUs) made with the Chinese government and companies, saying no delay in implementing the agreements would be tolerated. China is a tried and tested friend of Pakistan who has helped Pakistan in every hour

December 29, 2023

News Desk

The government approved the changes to the energy agreements

Islamabad: Pakistan on Thursday approved amendments to energy deals signed with Chinese power plants to end arbitrary sanctions, but postponed a decision to place a quadrinational natural gas pipeline project under the special foreign investment protection regime. The Economic Coordination Committee (ECC) of the cabinet has authorized the power ministry to sign supplementary power purchase agreements with Chinese power plants set up under the China-Pakistan Economic Corridor (CPEC). According to these agreements, Pakistan will not impose liquidated damages on Chinese factories for non-supply of electricity due to lack of fuel. In return, the Chinese investors will not claim the return

December 14, 2023

News Desk

Key agreements with the KE were delayed amid objections from the cabinet

Islamabad: Pakistan on Wednesday postponed the approval of four key agreements between the government and K-Electric, the country’s largest integrated electricity distribution company. This decision came about due to objections expressed by some cabinet members during the meeting of the Economic Coordinating Committee of the Council of Ministers. The drafts under discussion included the Power Purchase Agency Agreement (PPA), the Interconnection Agreement, the Differential Tariff Subsidy Agreement and the Mediation Agreement, according to the finance ministry. However, the final approval was postponed due to several comments from the members of the Greek Cypriot Council, resulting in the need for a

December 12, 2023

News Desk

Old foes China and Vietnam agree to build ‘shared future’

HEIGHTS: Old foes China and Vietnam, at odds over claims in the South China Sea, said on Tuesday they wanted to strengthen ties and build a community with a “shared future”, just three months after Hanoi upgraded its official ties with the United States. As Chinese President Xi Jinping visited Hanoi on his first trip as China’s leader to Vietnam in six years, the two countries signed 37 cooperation agreements, which can be seen as a triumph of Vietnam’s “bamboo diplomacy” as the China and the United States are vying for influence. After China’s push, Vietnam agreed to “support the

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