Sunday, September 25th, 2022
Why was the AGP report on TBTTP leaked?
Mumtaz Ahmed Bhatti ISLAMABAD: Scope and jurisdiction of AGP emanates from Article 170 (2) of the Constitution of Pakistan. The Constitution mandates Auditor General of Pakistan to audit the accounts of the Federal and of the Provincial Governments and the accounts of any authority or body established by, or under the control of, the Federal or a Provincial Government. This jurisdiction is further elaborated in AGP ordinance 2001 Section 08 and 09 that the Auditor General shall. Audit all expenditures from the consolidated Fund and Public Accounts of the FederationRead More
Mian Anjum asks govt to convince IMF for softening of loan terms
DNA Islamabad, Sep 25: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has fully backed the call of the United Nations as well as the Prime Minister to ease debt pressure on Pakistan by suspending international debt repayments and restructuring loans with a view to provide immediate humanitarian support to the flood-hit country. FPCCI former president and BMP Chairman Mian Anjum Nisar supported Prime Minister Shehbaz Sharif’s call to the international community to write off the debts of Pakistan, as the devastating flood has shattered the economyRead More
PIDE issues report on 23rd IMF Program for Pakistan
Islamabad, Sep 25: /DNA/ – International Monetary Fund (IMF) issued a staff report on the seventh and eighth reviews of the extended arrangement under the Extended Fund Facility (EFF) on September 1, 2022. As per the review report, the authorities of Pakistan are allowed to draw USD 1.1 billion, keeping in view the measures taken by authorities to address fiscal and external challenges. The IMF board has also approved the extension of the EFF till June 2023 along with extra Special Drawing Rights (SDR) of 720 million, bringing the total accessRead More