Sunday, March 26th, 2023
IMF chief warns risks to financial stability have increased
International Monetary Fund (IMF) chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed “the need for vigilance” following the recent turmoil in the banking sector. Speaking at a forum in Beijing, the IMF managing director said she expected 2023 “to be another challenging year”, with global growth slowing to below 3.0 per cent due the war in Ukraine, monetary tightening and “scarring” from the pandemic. “Uncertainties are exceptionally high,” with the outlook for the global economy likely to remain weak over the medium term,Read More
Pakistani Musk: ‘Elon Khan’ spotted buying fruits in Pakistan
A meme went viral on social media showing entrepreneur Elon Musk as a Pakistani man in Shalwar Qameez walking in the streets of Pakistan as a poor man and dubbed as “Elon Khan” just because he bought fruits. The current inflation and surging prices of food and necessary items have irked people and many of the want to boycott buying these goods. However, as always, we find our way to carve out joy from such things, and this time, it is one meme making rounds on social media. In theRead More
Turkmenistan stages parliamentary elections
Turkmenistan remains one of the world’s most closed-off countries, and according to Reporters Without Borders ranks 177th out of 180 countries for press freedom; No election has been judged free or fair by Western poll observers Ashgabat, Mar 26 (AFP/APP): Parliamentary polls were held on Sunday in Turkmenistan, a gas-rich nation ruled by one family for nearly two decades that does not tolerate political dissent or a free press. The vote is the first under the Central Asian nation’s new president, who took power following a hereditary succession inRead More
Dar assures Pakistan to close deal with IMF to revive economy
Islamabad, MAR 26 /DNA/ – The friendly countries are expected to materialize their commitments with Pakistan that would pave the way to close the deal with the IMF and revive the economy. This was said by Muhammad Ishaq Dar, Federal Finance Minister while addressing as Chief Guest an Iftar Dinner hosted by the Islamabad Chamber of Commerce & Industry in honor of foreign diplomats. Ishaq Dar said that in 2016, Pakistan was a rising economy as it was expected to become the world’s 18th-strongest economy, but is now facing seriousRead More
A tale of two JITs..
By Qamar Bashir On a fateful day in July 2017, the Supreme Court declared three-time Prime Minister Nawaz Sharif untruthful and untrustworthy for failing to declare his deemed income from his son, for whom he was an employee on paper. This decision was based on the findings of a Joint Investigation Team (JIT) formed in 2017 to look into corruption allegations against Nawaz Sharif and his family in the Panama Papers case. This report provided the Supreme Court with much-needed fodder to disqualify Mr. Nawaz Sharif from holding public office,Read More
PM terms President’s letter as patrician in nature, anti govt, PTI’s PR
Special Correspondent ISLAMABAD, MAR 26 /DNA/ – Prime Minister Muhammad Shehbaz Sharif on Sunday termed the contents of the letter written by President Dr Arif Alvi as of partisan in nature, one-sided and based upon anti-government views’ which were openly espoused by the latter notwithstanding the constitutional oath/office of the president. In response to the president’s letter of March 24 containing five pages and seven points, the prime minister said that he was constrained to express his disappointment at the blatant partisan nature of the letter, “which in parts readsRead More