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Monday, April 29th, 2024

 

Deputy Prime Minister Ishaq Dar: what’s next?

Qamar Bashir

By  Qamar Bashir After the elections, Nawaz Sharif was left heartbroken, and his die-hard fans were devastated by his decision to decline the premiership. Feeling humiliated and dejected, Nawaz Sharif’s ability to make rational decisions was clouded by agony and pain. Seizing the opportunity, the architect of Pakistan’s political landscape acted swiftly, tactfully proposing Shahbaz Sharif as Prime Minister in Nawaz Sharif’s place. According to some close associates, Nawaz Sharif was threatened to consider a hundred times before deciding against it, with the possibility of his constituency results and thoseRead More


IMF Executive Board ‘okays’ $1.1 billion loan tranche for Pakistan

IMF

DNAISLAMABAD: The International Monetary Fund’s (IMF) Executive Board has approved a $1.1 billion loan for Pakistan as the last tranche under the $3 billion Stand-by Arrangement (SBA), sources told on Monday.According to the Ministry of Finance sources, the IMF will soon issue an official statement regarding the approval.The third and final tranche was approved after the IMF Executive Board meeting that discussed Pakistan’s request for the release of funds.The global lender has already granted Pakistan $1.9 billion under the agreement.


Dar as Dy PM: Nawaz in, Shehbaz down, Establishment out?

Post-election scenario: PDM Part-II on the anvil

To withstand the influence of the Establishment demands exceptional courage and remarkable efficiency from the PML-N administrations, both in Punjab and on the federal stage. Given the current context, this endeavor seems akin to a Herculean feat, suggesting that neither Nawaz’s return to power nor the containment of the Establishment’s influence will come easily Analysis Ansar M Bhatti In a surprise move Foreign Minister Ishaq Dar has been elevated as the Deputy Prime Minister of Pakistan – a move that seeks to relieve Prime Minister Shehbaz Sharif of some ofRead More


IMF and Pakistan: A Historical Account

IMF and Pakistan: A Historical Account

Afnan Wasif Pakistan has availed 23 IMF programs since 1958, but due to internal and external reasons, adoption of IMF policies has not benefited substantially. Pakistan has earned the unfortunate title of “one-tranche nation” which alludes to the nation’s history of taking out loans at crucial junctures and then prematurely abandoning them due to a balance of payments crisis. Pakistan first sought assistance from the IMF in 1958 when General Ayub Khan initiated the country’s engagement with the IMF by signing an agreement to obtain special drawing rights (SDR) 25Read More


Italy committed to support Pakistan: envoy

Italy committed to support Pakistan: envoy

Saifaullah Ansar ISLAMABAD, Ambassador of Italy to Pakistan, Marilina Armellin, during a call on meeting with Federal Minister for Economic Affairs, Ahad Khan Cheema Monday reaffirmed her country’s unwavering commitment to support Pakistan in poverty reduction and rural development, technical and vocational training, cultural heritage and agriculture. According to press statement issued by Economic Affairs Division (EAD), she apprised the minister of the implementation progress of the ongoing development portfolio funded by the Italy, including special assistance package provided in the wake of the catastrophic 2022 floods. She said, governmentRead More


World peace linked to peace in Gaza: PM

World peace linked to peace in Gaza: PM

Shehbaz Sharif landed in Riyadh on Saturday for a three-day visit to attend the World Economic Forum’s Special Meeting on Global Collaboration, Growth and Energy DNA RIYADH: Highlighting the problems being faced by the cash-strapped nation, Prime Minister Shehbaz Sharif on Monday said that the ‘deathtrap’ — debt trap — and soaring inflation posed a huge challenge to Pakistan. He made the remarks while speaking at the closing plenary of a special meeting of the World Economic Forum (WEF) being held in Riyadh, Saudi Arabia. PM Shehbaz landed in RiyadhRead More