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Articles for tag: adviser, Conditions, eased, friendly, IMF, Nations

June 17, 2024

News Desk

IMF conditions eased with help from friendly nations: Adviser to PM

The IMF logo is seen outside the headquarters building in Washington, USA. — Reuters Sanaullah says the IMF’s terms were much stricter. The prime minister’s adviser says he hopes the same won’t happen now. The government has proposed a budget in line with IMF requirements. Adviser to the Prime Minister on Political Affairs Rana Sanaullah said on Monday that the International Monetary Fund (IMF) has eased conditions after friendly states helped Pakistan with their commitments. “This time, the credit […] for the easing of conditions goes to our friendly countries, as stated by Prime Minister Shehbaz Sharif,” Sanaullah said during

June 12, 2024

News Desk

Balancing IMF conditions with economic reality

As the Pakistan Muslim League-Nawaz (PML-N) government prepares to present its first federal budget for the financial year 2024-25 on June 12, the looming shadow of the International Monetary Fund (IMF) is shaping much of the financial discourse. The country’s application for a new $8 billion loan program from the IMF underscores its dependence on international financial aid, which comes with strict conditions. Geo.tv reached out to experts to understand the implications of the IMF’s involvement and the broader economic challenges facing Pakistan. The important role of the IMF The IMF’s involvement in Pakistan’s budget formulation is significant, effectively dictating

June 6, 2024

News Desk

The PPP became secret in the tough conditions of the IMF

With the size of the new budget likely to jump 30% to a record Rs 18.9 trillion due to additional expenditure demands, the PML-N government on Wednesday took its main ally – the PPP – into confidence over the tough conditions raised by the International Monetary Fund (IMF). The tax target for the Federal Board of Revenue (FBR) is almost 40% higher at Rs 13 trillion, and the target for non-tax revenue is expected to be a record Rs 4.8 trillion due to higher earnings from State Bank of Pakistan and the collection of Petroleum Levy. Among the IMF’s demands

May 23, 2024

News Desk

In the Indian heat, Delhi workers toil in “red heat” conditions.

NEW DELHI: Working on a highway project in one of India’s hottest regions this summer, Banwari Singh handles iron bars that, he says, often turn “red.” Temperatures reached 47.8 degrees Celsius (118 degrees Fahrenheit) last Sunday, among the highest recorded in India this year, in Najafgarh, an area on the outskirts of New Delhi where Singh works. “This is one of the hottest things that’s been done in this field,” said Singh, wearing plaid pants, a half-sleeve shirt, a bright orange safety vest and a hard hat. “But we have no choice. If we want to eat, we have to

January 26, 2024

News Desk

The head of the WHO analyzes describing the “hellish” conditions in Gaza

GENEVA: The head of the World Health Organization called for a ceasefire and a “real solution” to the Israeli-Palestinian conflict in an emotional appeal to the world health body’s governing body on Thursday, where he described conditions in Gaza as “hell”. WHO Director-General Tedros Adhanom Ghebreyesus, who lived through the war as a child and had his own children hide in a shelter during bombings in Ethiopia’s 1998-2000 border war with Eritrea, described emotional conditions in the bombed-out enclave Gaza where more than 25,000 people have been killed. “I am a true believer because of my own experience that war

January 23, 2024

News Desk

FBR rejects $50m tax break for TAPI gas project due to IMF conditions

To include TAPI in the FIPPA Act 2022, the Petroleum Directorate sent the draft summary to the ECC last October A representational image of dice that reads ‘TAX’ placed on gold coins. — Pexels TAPI remains delayed for 7 years due to failure in financial closures. The Petroleum Directorate sent a relevant draft summary to the ECC in October 2023. The ECC told the Petroleum Directorate to take up the matter with the FBR, the Finance Directorate. ISLAMABAD: The Federal Board of Revenue (FBR) is avoiding the inclusion of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project in the Foreign Investment Promotion

December 19, 2023

News Desk

Beneficial investment conditions in the USA

KARACHI: A senior United States official stressed that the US and Pakistan have a “very strong” relationship and have entered a new chapter of cooperation and development. In an interview with The Express Tribune, US Principal Deputy Assistant Secretary and Deputy Assistant Secretary for Pakistan, South and Central Asia Elizabeth Horst, during her visit to Pakistan last week, said “the relationship between the US- Pakistan right now is very powerful because it’s just about… the US and Pakistan together, not through a regional lens, not through any other lens.” Responding to a question on the challenges faced by US investors

December 16, 2023

News Desk

PCB amends playing conditions for President’s Trophy

Under revised playing conditions, both teams will be restricted to 80 overs in their first innings The Pakistan Cricket Board has changed the playing conditions for the President Trophy. — PCB/File KARACHI: The Pakistan Cricket Board (PCB) has amended the playing conditions for the local first-class cricket tournament, the “President’s Trophy”, which began in Karachi on Saturday. The changes in playing conditions have sparked debate and criticism from various quarters as they deviate from the traditional regulations followed in first-class cricket worldwide. A major move is to limit teams’ innings to 80 overs, against the usual practice of unlimited innings

November 27, 2023

News Desk

Conditions for attracting sustainable foreign investment

KARACHI: The investment landscape in Pakistan is marred by a complex web of legal, transparency and bureaucratic challenges as well as weak democratic institutions. The mining lease for Reko Diq or the agreement with the independent power producers (IPPs) are just two examples that offer many valuable lessons. Attracting foreign investment is vital for the economic growth and development of emerging economies like Pakistan. To achieve this, it is important to create an environment that prioritizes strong treaty enforcement, the rule of law, transparency and democracy. These factors are critical in creating an atmosphere conducive to foreign investment and promoting

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