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The IMF opposes Govt’s offer to borrow Rs1.25TR to deal with the growing circular debt

The logo of the International Monetary Fund is observed outside the home building in Washington on September 4, 2018. – Reuters The IMF, Pakistan, which is going to start policy talks from next week. Both sides are ready to make basic adjustments to the budgetary framework. Changing the revenue targets over macroeconomic numbers. Islamabad: The International Monetary Fund (IMF) opposed the government’s move to increase the RS1.25 trillion from commercial banks to settle the payment of the circular monster in the energy sector, The news reported on Saturday. The Washington -based lender has further requested how the Central Power Market

January 14, 2025

Apple’s board opposes proposal to end DEI programs before shareholder vote

Listen to the article Apple’s board of directors has recommended that its investors vote against a proposal to end its Diversity, Equity, and Inclusion (DEI) programs. The proposal was brought by the conservative group, National Center for Public Policy Research (NCPPR), which argues that DEI’s policies expose companies to potential legal, reputational and financial risks. In its response, Apple’s board stressed that the NCPPR’s proposal is unnecessary, stating that the company already has adequate checks and balances in place. The board also argued that the proposal “improperly seeks to micromanage the company’s programs and policies” by directing a particular method

December 19, 2024

Govt opposes KE tariff hike demand, advises Nepra to reduce rates

view of K-Electric’s headquarters, with solar panels in the parking lot, in Karachi on January 24, 2023. — Reuters The government proposes to reduce the base tariff of KE to Rs 34.87 per unit. It suggests adjusting the supplier’s depreciation rates for its assets. Objections were raised about the electricity provider’s working capital. ISLAMABAD: The government has opposed K-Electric’s (KE) demand for a multi-year tariff hike, while advising the National Electricity Regulatory Authority (Nepra) to reduce the utility’s charges, The News reported on Thursday. “The inflated costs presented by the JV indicate a lack of consumer-centric planning,” said an Electricity

August 21, 2024

Punjab opposes LPG policy incentives

Islamabad: The Punjab government has raised questions about the proposed incentives in the Pakistan LPG Policy 2024, which could have an impact on its revenue share. Sources told The Express Tribune that a report had been sought from the federal government on the financial impact associated with the collection of taxes on LPG in the wake of the incentives proposed in the LPG Policy 2024. The Shehbaz Sharif led government has re-energized to introduce the new LPG policy. Earlier, the Pakistan Democratic Movement (PDM)-led government started work on introducing amendments to the LPG policy in a bid to remove the

July 7, 2024

Malaysia opposes the Philippines’ new maritime border claim

ANCHOR: Malaysia on Sunday rejected the Philippines’ new maritime border claim, saying it would fight any claim to its territory. “Malaysia is an independent sovereign nation that will fight any claim to our lands,” Foreign Minister Mohamed Hassan said in response to a diplomatic communication submitted by the Philippines to the UN, local English newspaper Star reported. It comes after Manila recently told the UN it was expanding its continental shelf but laid claims to the Malaysian state of Sabah. Malaysia submitted a diplomatic note to UN Secretary-General Antonio Guterres late last month rejecting a submission by the Philippines to

May 10, 2024

China strongly opposes the US adding Chinese entities to the export control list

BEIJING: China strongly opposes the US Commerce Department’s decision to add 37 Chinese entities to its export control “entity list,” a Commerce Department spokesman said Friday. The spokesman added that China noted the latest action by the United States, which was based on the so-called excuses of military and Russian involvement. For a long time, the United States has generalized the concept of national security, abused export control measures, and often imposed sanctions and suppressed businesses from other countries. Such actions have seriously harmed the legitimate rights and interests of these businesses, undermined the stability of the global supply chain

March 31, 2024

The minister denies that the IMF opposes subsidies

KARACHI: Finance Minister Muhammad Aurangzeb on Friday argued that the International Monetary Fund (IMF) is being misconstrued to oppose subsidies, while wanting the targeted increase. “The fact is that the IMF is against untargeted subsidies. He actually wants targeted subsidies to be enhanced,” he told the media during a visit to a utility store in Karachi’s posh Defense neighborhood. Answering a question, the finance minister said that the IMF program was actually Pakistan’s program as it was aimed at pulling the country out of its financial mess. “We need to boost the tax-to-GDP ratio, reduce cyclical debt and end the

March 27, 2024

India strongly opposes US remarks on Kejriwal’s arrest

MUMBAI: India has strongly objected to the United States’ remarks on the arrest of key opposition leader and Delhi Chief Minister Arvind Kejriwal, the foreign ministry said on Wednesday. New Delhi’s objection came two days after Washington said it was closely monitoring reports of Kejriwal’s arrest and encouraged a fair legal process. Kejriwal, whose Aam Aadmi Party (AAP) rules the national capital territory and the northern state of Punjab, was arrested last week by the federal economic crime agency on corruption charges, weeks before India’s general election was due to go to polls. elections on April 19. AAP, whose main

January 18, 2024