Monday, July 10th, 2023
New IMF Deal: A Slushy Walk through!
After nine arduous months of ping-pong with the International Monetary Fund (IMF), Pakistan has secured a Standby Arrangement (SBA) of a paltry $3 billion spread over nine months. During these negotiations, Pakistan kept teetering on the brink of default—an unprecedented agony for each and every Pakistani. Courtesy of political uncertainty, this SBA appears wobbly even before it could take effect. Moreover, the government’s commitment to continually implement reforms will be tested as it goes into elections that are due by October 2023. Fitch Ratings and Moody’s Investors Service have warnedRead More
FAO delegation calls on Secretary BISP
Islamabad, (July 10): /DNA/ – A high-level Mission from Food and Agriculture Organization of the United Nations (FAO), led by Mr. Benjamin Davis, Director of the Inclusive Rural Transformation and Gender Equality Division at FAO HQ Rome, called on Secretary Benazir Income Support Programme (BISP), Mr. Amer Ali Ahmad, to discuss various initiatives of the programme. During the meeting, Secretary BISP provided an overview of the BISP and initiatives undertaken by it.The FAO delegation also included Mr. Mark Johnson, Social Protection Expert at FAO HQ Rome, Mr. Bhalla Economist, alsoRead More