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Articles for tag: expand, IMF, maintain, monetary, Pakistan, policy, regime, Tax, tight, urges

December 10, 2025

News Desk

IMF urges Pakistan to maintain tight monetary policy and expand tax regime

This picture shows the seal for the International Monetary Fund (IMF) in Washington, DC on January 26, 2022. — AFP— AFP Efforts should be focused on improving the business environment: formal. Nigel Clarke says the reforms have helped macroeconomic stability. Advises SBP to allow exchange rate flexibility to absorb shocks. ISLAMABAD: After approving two tranches of a loan totaling $1.29 billion, the International Monetary Fund (IMF) has urged Pakistan to continue a tight monetary policy, expand and simplify its tax regime, adjust electricity and gas tariffs and continue structural reforms to fix the troubled economy. The News reported on Wednesday.

September 26, 2025

News Desk

Security tight after deadly autonomy protests in Ladakh that is occupied by India

Indian police officers stand along a road during a traffic at Leh on September 25 2025. – AFP Police vehicle protesters, Bharatiya Janata Party offices. Protests were organized in solidarity with activist Sonam Wangchuk. The Modi government was separated by Iiojk in 2019. Indian police patrolled the northern city of Leh on Thursday, the day after protests that demanded greater autonomy for the Himalayas territory of occupied Ladakh who became deadly when the security forces opened fire. At least five people were killed and about 100 injured, including 30 police officers. The city – usually busy with tourists – appeared

August 8, 2024

News Desk

Kenya’s capital under tight security ahead of fresh protests

Kenyan police patrolled the streets of the capital Nairobi on Thursday, barricades were placed on major arteries and many shops were closed ahead of planned new anti-government protests. The East African nation has been rocked by weeks of deadly protests led by young Gen-Z Kenyans against the two-year-old government of President William Ruto. The nation’s acting police chief had warned on Wednesday that “criminals” were intent on infiltrating the protests and said people should not trespass and avoid “protected areas” such as the main international airport and the State House, his official residence president. In a post on X, Deputy

July 28, 2024

News Desk

The rupee is expected to be in a tight range next week

A foreign exchange dealer counts US dollars at a shop in Karachi on March 2, 2023. — Online Market focus on SBP rate decision. Analysts predict 100 bps cut in MPC meeting. The local currency closes the week at 278.33 against the dollar. KARACHI: The rupee is expected to remain in a narrow range next week as the market focuses on the State Bank of Pakistan’s (SBP) interest rate decision, traders said. “The restrained moves in the rupee that have been present this week, in our view, will continue as the market awaits the SBP’s monetary policy announcement, which is

July 27, 2024

News Desk

Paris Olympics open with rainy spectacle, Celine Dion amid tight security

PARIS: French President Emmanuel Macron declared the Olympics open on Friday after a ceremony in which athletes were cheered by crowds along the Seine, dancers took to the rooftops of Paris and Lady Gaga sang a French cabaret song. France’s three-time gold medalists Marie-Jose Perec and Teddy Riner then lit the Olympic cauldron, suspended in a hot air balloon, before Canada’s Celine Dion sang Edith Piaf’s “Hymn to Love” in her first public performance in years. drawing huge cheers from the crowd. The 30-meter (98-foot) high balloon carrying a 7-meter-diameter ring of fire went airborne and hovered dozens of meters

July 26, 2024

News Desk

The opening ceremony of the Paris Olympics begins under tight security

Smoke in the colors of the French flag rises in Paris, France, as the opening ceremony of the 2024 Summer Olympics begins. — Reuters The opening ceremony of the Paris Olympics began with frenzy and excitement amid tight security on Friday, after threats of rain and possible sabotage attacks. A fictional scenario in which the arrival of the Olympic flame goes wrong is being depicted ahead of an extravagant show on the River Seine to kick off the summer Games. French soccer superstar Zinedine Zidane was seen running to Paris to carry the flame, in a pre-recorded video that included

July 6, 2024

News Desk

Biden and Trump locked in a tight battle as the campaigns heat up

This combination of images shows US President Joe Biden (left) and Republican presidential candidate Donald Trump. — Reuters/Files As the 2024 US presidential election approaches, Joe Biden and Donald Trump are once again emerging as the leading contenders after facing off against each other in previous polls. Both candidates face significant challenges, including legal issues for Trump and voter concerns about Biden’s age and background. According to the source, Trump – who represents the Republican Party – is ahead of Biden, who represents the Democratic Party in the latest polling averages. The former president leads with 46% of the vote,

June 28, 2024

News Desk

Tight security has been imposed as Hindu pilgrimage begins in Kashmir

The annual Hindu pilgrimage to a sacred Himalayan cave in Indian-administered Kashmir began on Friday amid tight security that includes the deployment of thousands of paramilitaries and police. Tens of thousands of Hindus travel, ride horses or take a helicopter ride to the Himalayan cave called Amarnath, located at an altitude of about 3,888 meters (12,756 feet). Hindus believe that a natural ice stalagmite in the cave, believed to have been discovered by a Muslim shepherd in the nineteenth century, is a manifestation of the Hindu deity Shiva. Before the 90s, the pilgrimage was a low-key affair lasting 15-30 days,

May 1, 2024

News Desk

PSX suffers losses as SBP maintains tight policy

KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday suffered significant losses near the end of the corporate earnings season as the State Bank of Pakistan (SBP) maintained a tight monetary policy amid inflation concerns, geopolitical risks and pending fiscal measures. In the morning, trading started on a positive note as the KSE-100 moved north to hit an intraday high of 72,119.65 just after noon. However, from that point on, the market quickly reversed. The index began to decline rapidly due to the condition of the International Monetary Fund (IMF) to continue structural reforms in the energy sector. Additionally, lower-than-expected earnings

April 9, 2024

News Desk

OGDCL plans to drill 80 wells for tight gas

Islamabad: Oil and Gas Development Company Limited (OGDCL) has initiated efforts to explore tight gas under the new Gas Policy 2024, aiming to drill up to 80 wells in the country. OGDCL on Monday announced its first natural gas discovery in Sindh under the new policy. The giant oil and gas explorer is taking the lead in accelerating the exploration of limited natural gas reserves to overcome the country’s natural gas crisis. Earlier, the caretaker government approved the first tight gas policy offering incentives to oil and gas exploration companies to attract at least $20 billion in investment to search

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